TSM Systems raises £400k in seed funding led by GWC to expand marine communication technology.
GWC leads the seed investment round to support the commercial development of TSM Systems.
TSM Systems develops specialised communication technology designed to address operational and safety challenges within the marine sector, including superyachts and autonomous vessels.
TSM Systems has secured £400k in a seed funding round led by GWC. The capital will support the company as it advances its commercial phase and delivers further software development for its marine communication products.
The firm has created communication technology aimed at solving safety and operational problems in marine applications, including superyacht tenders. Its initial product, TowPro, utilises the proprietary DataTraq device to integrate satellite and VHF communications within a secure framework, addressing risk factors recognised by the marine insurance sector.
From the founder
"Our unique technology will improve safety and loss in a number of applications across the marine industry. It has attracted significant interest in the insurance industry"
Vincent Geake
founder at TSM Systems
Investor perspective
"We are very pleased to be assisting with the commercial phase of TSM and can see many exciting applications of the technology."
Ian Leigh
CEO and Founder, GWC
Use of funds
- 01Continue product development
Investors
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About the company
TSM Systems
TSM Systems develops wireless communication technology for marine operations and superyacht safety.