Subsea Data Systems, Inc., a partnership between Samara/Data and Ocean Specialists, Inc., is pleased to announce new grant support from Schmidt Marine Technology Partners (SMTP), part of the Eric and Wendy Schmidt Network. SMTP provides “venture philanthropy” funding to support the development of new ocean technologies which require sustained support to achieve full potential and availability to the broadest user base. The grant will enable Subsea Data Systems to continue development of the first complete sensor system for SMART Cable repeaters (amplifiers) that will be incorporated into future regional and trans-oceanic telecom cables.

Founded in 2018, ELWAVE is growing fast and has caught the eye of industrialists and public authorities. Nine months after its first fundraising in December 2020, ELWAVE received a large grant of €1.7 million from the European Commission in September 2021, dedicated to maritime innovation.

Welaptega, an Ashtead Technology company, has launched a $500,000 (USD) initiative to develop a product to enable digital twinning of underwater infrastructure without the need for offshore personnel.