About Deepwave Digital
Deepwave Digital is a company based in Philadelphia (United States) founded in 2017 by John Ferguson.. Deepwave Digital has raised $5.13 million across 3 funding rounds from investors including Northrop Grumman, Ben Franklin Technology Partners and Lehigh Valley Angel Investors. Deepwave Digital offers products and services including AirStack Software and AIR-T Hardware. Deepwave Digital operates in a competitive market with competitors including Pentek, Veramasa and Deepstomp, among others.
- Headquarter Philadelphia, United States
- Founders John Ferguson
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Deepwave Digital Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.13 M (USD)
in 3 rounds
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Latest Funding Round
$2.13 M (USD), Series A
Mar 29, 2024
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Investors
Northrop Grumman
& 4 more
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Employee Count
Employee Count
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Products & Services of Deepwave Digital
Deepwave Digital offers a comprehensive portfolio of products and services, including AirStack Software and AIR-T Hardware. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables AI-driven RF signal processing for edge applications.
Provides high-performance computing for wireless deep learning tasks.
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Funding Insights of Deepwave Digital
Deepwave Digital has successfully raised a total of $5.13M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.13 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.1M
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First Round
First Round
(15 Dec 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Series A - Deepwave Digital | Valuation |
investors |
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| Feb, 2021 | Amount | Seed - Deepwave Digital | Valuation | Northrop Grumman |
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| Dec, 2020 | Amount | Seed - Deepwave Digital | Valuation | Northrop Grumman , Jumpstart |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Deepwave Digital
Deepwave Digital has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Northrop Grumman, Ben Franklin Technology Partners and Lehigh Valley Angel Investors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in high-growth startups by this group.
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Investment and support are provided for Pennsylvania's tech-based companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Deepwave Digital
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Deepwave Digital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deepwave Digital Comparisons
Competitors of Deepwave Digital
Deepwave Digital operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pentek, Veramasa and Deepstomp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded computer boards and DSP recording systems are supplied.
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| domain | founded_year | HQ Location |
Manufactures high-quality embedded signal processing boards for industrial use.
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| domain | founded_year | HQ Location |
Provides an open-source platform for DIY digital multi-effect stompboxes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deepwave Digital
Frequently Asked Questions about Deepwave Digital
When was Deepwave Digital founded?
Deepwave Digital was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Deepwave Digital located?
Deepwave Digital is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Deepwave Digital?
John Ferguson is the current CEO of Deepwave Digital. They have also founded this company.
Is Deepwave Digital a funded company?
Deepwave Digital is a funded company, having raised a total of $5.13M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Dec 15, 2020.
What does Deepwave Digital do?
Provider of AI-based embedded digital signal processor boards. It develops and manufactures custom hardware and software solution for deep learning applications. It has developed artificial intelligence radio transceivers by integrating artificial intelligence with radio frequency, wireless systems, and is equipped with three signal processors, FPGA, and embedded CPUs. The computing enabled RF systems can be developed with multiple software platforms including radio signal processing, and deep learning neural networks. Its products reduce network bandwidth and latency. It has applications in communications, spectrum monitoring, navigation, and other RF systems.
Who are the top competitors of Deepwave Digital?
What products or services does Deepwave Digital offer?
Deepwave Digital offers AirStack Software and AIR-T Hardware.
Who are Deepwave Digital's investors?
Deepwave Digital has 5 investors. Key investors include Northrop Grumman, Ben Franklin Technology Partners, Lehigh Valley Angel Investors, Jumpstart, and Robin Hood Ventures.
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