AbstractThe goal of the work presented here is to study a novel approach for inverting acoustic signals recorded in the marine environment for the estimation of environmental parameters of the water column and/or the seabed. The proposed approach is based on signal feature extraction using a discrete wavelet packet transform, applied to the measured signal, and hidden Markov models that exploit the sequential patterns of the signals. The signal feature is thereafter used in the framework of a mixture density network, which, after training with sets of simulated signals calculated within a predefined search space, provides conditional posterior distributions of the recoverable parameters. The technique is tested with two test cases corresponding to different types of inverse problems. The first case corresponds to a simple problem of geoacoustic inversion, while the second is referred to a, rather unusual, still interesting problem of recovering the shape of a seamount using long‐range acoustic data. Both test cases are based on simulated experiments. The inversion results obtained using the proposed scheme are compared with inversion results using statistical features of the acoustic signal, which is another inversion approach well documented in the literature and is also based on the wavelet packet transform of the measured signal.