About Wave Computing
Wave Computing was a Technology company based in Campbell (United States) founded in 2010 by Pete Foley. It provides deep learning solutions powered by dataflow processing units. It operates on a B2B model. Wave Computing has raised $110.48 million across 7 funding rounds. The company has 75 employees. Wave Computing has completed 1 acquisition, including MIPS Computer Systems. The company is recorded as dissolved. Its focus areas include AI and Machine Learning, Hardware Solutions and Dataflow Processing. Its competitors include Rambus, Tsinghua Unigroup, Flex Logix, Lightmatter and Ambarella and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Wave Computing, established in 2010 and currently in Dissolved stage, focuses on leveraging cutting-edge technology, ai and machine learning, hardware solutions, and dataflow processing. Provides deep learning solutions powered by dataflow processing units. Adapting to market demands with innovation and client-focused strategies.
- Headquarters Campbell, United States
- Employees 75
- Founders Pete Foley
- SectorsTechnology
- Phone•••• ••••
- Website wavecomp.ai
- Social LinkedIn X Facebook
- Legal Name Wave Computing
- Total Equity Funding$110.48M (USD)
in 7 rounds
- Latest Funding Round$86M (USD), Series E
Nov 2018
- Employee Count75
- Investments & Acquisitions
Funding Insights of Wave Computing
Wave Computing has successfully raised a total of $110.48M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $86 million completed in November 2018. 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 $110.48M
- Total Rounds 7
- Last Round Series E — $86M
- First Round $2M
(Oct 2010)
All 7 funding rounds of Wave Computing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2018 | $86M | Series E | – | – | – |
| Feb 2014 | $24.5M | Debt – Conventional | – | – | – |
| Feb 2014 | $7.39M | Series A | – | – | – |
| Jun 2013 | $4.5M | Series A | – | – | – |
| May 2012 | $8.34M | Series A | – | – | – |
| Jul 2011 | $2.25M | Seed | – | – | – |
| Oct 2010 | $2M | Seed | – | – | – |
People of Wave Computing
1 people are tracked at Wave Computing (1 in leadership); the tracked headcount is 75.
| Name | Role | Group |
|---|---|---|
Pete Foley | Founder | Leadership |
Complete people profiles for Wave Computing
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Investments & Acquisitions by Wave Computing
Wave Computing has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MIPS Computer Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
RISC processor IP is licensed for embedded systems applications. | mips.com | Sunnyvale, United States | 1984 | Jun 2018 | •••• |
Complete acquisition details for Wave Computing
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Timeline of Wave Computing
4 dated milestones of Wave Computing across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Wave Computing is founded.
- Funding First funding round of $2.0M.
- Acquisition Acquires MIPS Computer Systems.
- Funding Latest funding round, Series E, of $86.0M.
Competitors of Wave Computing
Wave Computing has 9 listed competitors in our database, 8 of them funded. They include Rambus, Tsinghua Unigroup, Flex Logix, Lightmatter and Ambarella, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rambus.com | 1990 | Sunnyvale, United States | – | 690 | AI-based silicon IP and chip solutions are developed and licensed. | |
| unigroup.com.cn | 1988 | Beijing, China | $1.46B | – | Semiconductor solutions are provided for cellular and connectivity markets. | |
| flex-logix.com | 2014 | Mountain View, United States | $68.07M | 32 | Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries | |
| lightmatter.co | 2017 | Boston, United States | $822.23M | 145 | 3D-stacked photonic chips for AI computing are developed. | |
| ambarella.com | 2004 | Santa Clara, United States | $15.4M | 244 | AI-enabled image processors are manufactured for ADAS and security applications. | |
| intellif.com | 2014 | Shenzhen, China | $287.5M | – | Provider of AI and cloud-based vision processing units for video analytics applications | |
| bst.ai | 2016 | Pudong, China | $346M | – | Developer of AI-based chips for machine vision tasks | |
| preferred.jp | 2014 | Tokyo, Japan | $160.04M | – | Machine learning, deep learning, and high-performance computing solutions are developed. | |
| kneron.com | 2015 | San Diego, United States | $226M | 38 | Hardware and software solutions for edge AI applications are provided. |
Detailed competitors of Wave Computing
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Top companies in AI in Software Development
10 companies that operate in the same segment as Wave Computing (AI in Software Development), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IT consulting and outsourced managed services are delivered. | 1996 | Dublin, Ireland | USD 106.59 M | USD 9.54 M | 371 | |
AI startup acceleration and networking services are offered globally. | 2017 | Bengaluru, Karnataka, India | – | – | – | |
Scaled Agile is recognized for providing the SAFe framework to enhance business agility. | 2011 | Boulder, Colorado, United States | USD 710.2 K | – | – | |
Offers IT consulting, software development, cloud services, and security solutions. | 2001 | Gurugram, Haryana, India | – | USD 25.43 M | 786 | |
Deep-tech venture capital investments in early-stage companies. | 2016 | Bengaluru, Karnataka, India | – | – | – | |
Provides comprehensive AI and machine learning development services. | 2015 | Ahmedabad, Gujarat, India | – | USD 1.23 M | 52 | |
Investing in student-led projects and innovations in technology and education. | 2020 | Bengaluru, Karnataka, India | – | USD 42.84 K | 1 | |
Software solutions are provided in technology sectors for operational efficiency and security. | 2019 | Noida, Uttar Pradesh, India | – | USD 12.36 B | 118,372 | |
AI-powered deductions management for CPG brands is offered by Glimpse. | 2020 | United States | USD 52.85 M | – | – | |
AI-powered software testing tools for enterprises, focusing on automation and integration with various business systems. | 2016 | Pune, Maharashtra, India | – | USD 1.05 M | 45 |
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Frequently Asked Questions about Wave Computing
Wave Computing was founded in 2010.
Wave Computing is headquartered in Campbell, United States. It is registered at Campbell, California, United States.
Wave Computing is a funded company, having raised a total of $110.48M across 7 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Oct 2010.
Wave Computing has 75 employees.
Wave Computing, established in 2010 and currently in Dissolved stage, focuses on leveraging cutting-edge technology, ai and machine learning, hardware solutions, and dataflow processing. Provides deep learning solutions powered by dataflow processing units. Adapting to market demands with innovation and client-focused strategies.
Wave Computing's top competitors include Lightmatter, Ambarella and Preferred Infrastructure.
Wave Computing has made 1 acquisition, including MIPS Computer Systems.
Wave Computing operates through Wave Computing.