About Greenwave Systems
Greenwave Systems is a company based in Irvine (United States) founded in 2008. Greenwave Systems has raised $116.32 million across 8 funding rounds from investors including Bank of America, E.ON and Business Development Corporation of America. The company has 13 employees as of December 31, 2022. Greenwave Systems has completed 1 acquisition, including Predixion Software. Greenwave Systems offers products and services including WAVELY Platform, Mobile IOT, IMSI Switching, Travel SIM, and SIM Management Platform. Greenwave Systems operates in a competitive market with competitors including Particle, ecobee, PTC, Signify and Landis+Gyr, among others.
- Headquarter Irvine, United States
- Employees 13 as on 31 Dec, 2022
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Sectors
TechnologyBusiness Services Energy & Utilities
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Phone
*********
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Website
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Social
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- Legal Name Greenwave Systems 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
$116.32 M (USD)
in 8 rounds
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Latest Funding Round
$45.07 M (USD), Series C
Jan 05, 2016
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Investors
Bank of America
& 7 more
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Employee Count
13
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Greenwave Systems
Greenwave Systems offers a comprehensive portfolio of products and services, including WAVELY Platform, Mobile IOT, IMSI Switching, Travel SIM, and SIM Management Platform.
Software-defined NaaS platform for virtual network operations
Enables secured IoT connected services without infrastructure
Facilitates mobile network switching for global connectivity
Provides SIM services for international travel and roaming
Platform for managing SIMs and data services worldwide
People of Greenwave Systems
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Funding Insights of Greenwave Systems
Greenwave Systems has successfully raised a total of $116.32M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $45.07 million completed in January 2016. 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 8
- Last Round Series C — $45.1M
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First Round
First Round
(16 Jun 2010)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2016 | Amount | Debt – Conventional - Greenwave Systems | Valuation |
investors |
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| Jan, 2016 | Amount | Series C - Greenwave Systems | Valuation | EDBI | |
| Oct, 2013 | Amount | Series B - Greenwave Systems | Valuation |
investors |
Investors in Greenwave Systems
Greenwave Systems has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Bank of America, E.ON and Business Development Corporation of America.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Founded Year | Domain | Location | |
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ST Telemedia is engaged in communications, data centres, and infrastructure technology investments globally.
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Founded Year | Domain | Location |
Investments & Acquisitions by Greenwave Systems
Greenwave Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Predixion Software.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based predictive analytics solutions are integrated with Microsoft BI tools.
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2009 |
Financial Statements - Greenwave Systems
Greenwave Systems Comparisons
Competitors of Greenwave Systems
Greenwave Systems 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 Particle, ecobee, PTC, Signify and Landis+Gyr, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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Frequently Asked Questions about Greenwave Systems
Greenwave Systems was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Greenwave Systems is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Greenwave Systems is a funded company, having raised a total of $116.32M across 8 funding rounds to date. The company's 1st funding round was a Series B of $19M, raised on Jun 16, 2010.
As of Dec 31, 2022, the latest employee count at Greenwave Systems is 13.
Greenwave Systems was founded in 2008 in Irvine, United States, within the IoT sector. Operations focus on the Greenwave 360 methodology, which supports end-to-end managed service deployment from business needs assessment to analytics. The Axon platform is employed to standardize devices, allowing developers and customers to create tailored applications. Services are extended to various industries via this infrastructure.
Greenwave Systems's top competitors include ecobee, Particle and Landis+Gyr.
Greenwave Systems offers WAVELY Platform, Mobile IOT, IMSI Switching, Travel SIM, and SIM Management Platform.
Greenwave Systems has made 1 acquisition, including Predixion Software.
Greenwave Systems has 8 investors. Key investors include Bank of America, E.ON, Business Development Corporation of America, EDBI, and ST Telemedia.