Ulisses, a start-up specialising in vehicle and asset tracking solutions and smart mobility, has announced that it has closed a seed funding round worth €1,088,050.
The funding round involves the Argo Accelerator, a programme run by CDP Venture Capital’s National Accelerator Network dedicated to start-ups developing innovative solutions and services in the tourism and hospitality sectors. Argo was launched on the initiative of CDP Venture Capital in collaboration with the Ministry of Tourism, and is managed by Zest and VeniSIA, the National Centre for Sustainable Mobility (MOST) and over 30 angel investors coordinated by Stefano Ceci (Stesodado Mentor Capital).
The angel investors involved include Gabriele Benedetto, chairman of Futura SGR, board member of LMDV Capital and former CEO of Telepass; Luca Palermo, CEO of FederlegnoArredo Eventi and former managing director of Fiera Milano; Maurizio Tursini, CEO of Fic and former CTO of Gruppo Cimbali; and Teresa Trivisonno, former vice-president of NTT Data Italia.
This round marks the completion of Ulisses’ research and development work in the Internet of Things sector, which has led to the European patenting of a proprietary technology based on low-power 2.4 GHz networks, designed to ensure precision, operational continuity and reliability even in complex industrial and logistics environments.
Originally developed to digitise the management of moorings in Italian marinas, Ulisses’ technology has gradually expanded its scope of application. Today, the company offers solutions for the rail sector, automated warehouses and advanced logistics, as well as for the smart parking sector, an area in which it recently received an award at the IoMobility Awards 2026 for identifying one of the most innovative applications dedicated to the management of yellow lines and parking spaces reserved for specific categories of users and residents.
Ulisses combines physical devices and software platforms to accurately track vehicles and objects in real time and generate high-value movement data. Features such as virtual area definition (geofencing) and flow analysis enable companies to optimise processes, reduce downtime and improve operational efficiency. Ulisses’ technology stands out for its adaptive mesh architecture, capable of self-balancing the network and maintaining high levels of reliability even in dynamic or high-density operational environments, both indoors and outdoors. The infrastructure is also designed to reduce energy consumption, installation times and deployment complexity compared to traditional location technologies.
By 2026, the company aims to strengthen its sales structure, accelerate growth in the industrial and logistics markets, and continue the technological development of its long-range IoT mesh infrastructure.
Ulisses’s CEO, Mattia Tartaglia (pictured), commented in a statement: “Ulisses has developed cutting-edge, scalable technology with a robust and credible engineering framework. The competitive advantage we are building stems from the quality of our technological work and the approach we are taking to bring it to fruition. The asset tracking and smart mobility market is currently seeking reliable, scalable solutions that can be genuinely integrated into existing processes and systems. Ulisses meets this need, and the aim is to transform the technological value we have developed into solid, sustainable growth.”
Gianmarco Montanari, Director General of the MOST Foundation, states: “The Ulisses project demonstrates how technologies developed in specific fields can be applied across a range of mobility sectors. It is precisely this ability to adapt to different operational contexts that makes tracking and traffic flow management solutions increasingly central to the efficiency of infrastructure and services.”
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