MESPAC, a spin-off of Politecnico di Torino specializing in the integration of satellite and in-situ data through artificial intelligence algorithms, announces the closing of a €1.5 million seed round.
The investment was led by Galaxia, the National Technology Transfer Hub of CDP Venture Capital dedicated to aerospace, and Axon Partners Group, a leading international investment firm focused on technology and innovation through its NTV fund totally focused on climate tech and deep tech companies, alongside COREangels Climate and PiemonteNext, which is the fund established and managed by CDP Venture Capital and subscribed by the regional financial institution Finpiemonte to maximize innovation investments aimed at the territory.
The new resources will enable the start-up, which has completed incubation in I3P and in the ESA BIC Turin program, to accelerate the development of its innovative Data & Analytics as a Service platform, which today has a focus on serving the offshore wind sector.
Unlocking access to offshore metocean data
MESPAC is working to revolutionize the way metocean data are collected and analyzed, eliminating the need to rely exclusively on expensive in-situ sensors and improving the speed and accuracy of data available to offshore wind farm developers. The technology combines the reliability and accuracy of field measurements with the speed and scalability of a digital approach, offering quality data in significantly reduced times.
Thanks to the investment, MESPAC plans to complete the development of its artificial intelligence algorithms and to launch the platform on the market. Achieving this milestone will be supported by real-world validation, in collaboration with leading industry partners, ensuring a solid foundation for large-scale adoption of the solution.
"This investment will allow us to realize our vision: making metocean data accessible, reliable, and suitable to accelerate the global energy transition," said Andrea Gulisano, CEO and co-founder of MESPAC. " We are excited to partner with investors who share our commitment to sustainability and the adoption of cutting-edge solutions. The success of offshore projects depends on the availability of fast, accurate and historically reliable meteorological data, which allows developers to design and plan with greater precision, reducing risks and optimizing construction times. However, traditional campaigns often involve high costs and significant delays, linked to fragmented or untimely information. MESPAC overcomes these limitations by offering a faster, more reliable and scalable approach, supporting the energy transition and the exploitation of offshore renewable energy."
The investors' trust
“We are proud to continue supporting MESPAC following the success of the PoC we funded in 2023. This company represents a promising example of how space data can be applied to environmental sustainability,” commented Claudia Pingue, Senior Partner and Head of the Technology Transfer Fund at CDP Venture Capital. “The presence of additional national and international investors underscores the significant potential of our country in the aerospace sector, thanks to outstanding companies like MESPAC that stand out for their innovation and vision.”
For Mario Alparone, General Manager of Finpiemonte: “Artificial intelligence and environmental sustainability, the key themes of this new investment, are also the driving forces shaping the ‘new economy.’ These are particularly relevant in an area of excellence for our Region, such as the aerospace sector, where Finpiemonte plays an active role in the industry's growth process, thanks to the synergy with the Aerospace District of Piedmont. Through our participation in PiemonteNext, we once again have the opportunity to channel resources from our capital to support innovative projects that contribute to the energy transition and the development of the region.”
"MESPAC's solution embodies the kind of breakthrough technology we strive to invest in – one that seamlessly combines deep tech with sustainability to drive real-world impact. We are excited to see what Andrea and the rest of the team will achieve and how they will revolutionize the sector," concluded Álvaro Pascual, Senior Investment Associate at Axon Partners Group.
