About WaveGuide
WaveGuide is a Healthcare company based in Cambridge (United States) founded in 2010 by Gregg Hershenson and Marcus Semones. Hand-held micro-nuclear magnetic resonance (µNMR) platform technology. WaveGuide has raised $41.38 million across 6 funding rounds. The company has 6 employees. Its chief executive, as recorded, is Nelson Stacks. WaveGuide offers products and services including WaveGuide Form µ la™. Its focus areas include Life Sciences, Imaging Diagnostics and Magnetic Resonance Imaging. Its legal entity is WAVEGUIDE CORPORATION. Its competitors include Openwater, Hyperfine and Promaxo; 2 of its 3 listed competitors have raised funding.
Company details
WaveGuide was founded in 2010 in Cambridge, United States, focusing on hand-held micro-nuclear magnetic resonance (µNMR) platform technology. Applications include point-of-care chemical analysis, logging while drilling for oil and gas detection, pipeline theft deterrence, asset protection for liquors, food, and pharmaceuticals, and early failure detection in military vehicle components. Proprietary molecular spectroscopy and diagnostic techniques are integrated into the system for these sectors.
- Headquarters Cambridge, United States
- Employees 6
- Founders Gregg Hershenson, Marcus Semones
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website waveguidecorp.com
- Social LinkedIn
- Legal Name Waveguide Corporation
- Total Equity Funding$41.38M (USD)
in 6 rounds
- Latest Funding Round$200K (USD), Debt – Conventional
Jul 2026
- Employee Count6
Products & Services of WaveGuide
WaveGuide offers a comprehensive portfolio of products and services, including WaveGuide Form µ la™.
Portable NMR for detecting illnesses and quantifying material purity on site.
Funding Insights of WaveGuide
WaveGuide has successfully raised a total of $41.38M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 thousand completed in July 2026. 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 $41.38M
- Total Rounds 6
- Last Round Debt – Conventional — $200,000
- First Round $27M
(Apr 2015)
All 6 funding rounds of WaveGuide 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 |
|---|---|---|---|---|---|
| Jul 2026 | $200,000 | Debt – Conventional | – | – | – |
| May 2025 | $3M | Debt – Conventional | – | – | – |
| May 2022 | $8.33M | Series B | – | – | – |
| May 2019 | $2.62M | Series A | – | – | – |
| Nov 2018 | $3.43M | Series A | – | – | – |
| Apr 2015 | $27M | Series A | – | – | – |
People of WaveGuide
18 people are tracked at WaveGuide (5 in leadership, 13 in board & advisors); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Gregg Hershenson | Co-Founder | Leadership |
Marcus Semones | Co-Founder & CSO | Leadership |
Nelson Stacks | CEO & President | Leadership |
Nelson K. Stacks | President, CEO & Director | Leadership |
Wendy Graham-Coco | COO | Leadership |
Sol Barer | Advisor | Board & advisors |
Donhee Ham | Advisor | Board & advisors |
Stephen Gillespie | Advisor | Board & advisors |
Michael T. Jones | Advisor | Board & advisors |
Nan Sun | Advisor | Board & advisors |
Charles Pieper | Director | Board & advisors |
Peter Farrell | Director | Board & advisors |
Jerry Zeldis | Advisor | Board & advisors |
Brian Finn | Director | Board & advisors |
Harold Handelsman | Director | Board & advisors |
Hossein Eslambolchi | Advisor | Board & advisors |
Samuel Fuller | Advisor | Board & advisors |
James T. Hill | Advisor | Board & advisors |
Complete people profiles for WaveGuide
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of WaveGuide
3 dated milestones of WaveGuide across 16 years, from founding to its latest funding, stage changes and deals.
- Founded WaveGuide is founded.
- Funding First funding round of $27.0M.
- Funding Latest funding round, Debt – Conventional, of $200K.
Competitors of WaveGuide
WaveGuide has 3 listed competitors in our database, 2 of them funded. They include Openwater, Hyperfine and Promaxo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| openwater.health | 2016 | San Francisco, United States | $54M | Provider of imaging technologies for medical diagnosis and treatments | ||
| hyperfine.io | 2014 | New York, United States | 131 | Portable MRI systems are manufactured for medical professionals. | ||
| promaxo.com | 2016 | Rockville, United States | $72.28M | 22 | Portable MRI for prostate cancer screening is developed. |
Detailed competitors of WaveGuide
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of WaveGuide
Websites that share an audience with WaveGuide (waveguidecorp.com).
Websites whose visitors overlap most with WaveGuide. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Imaging Diagnostics
3 companies that operate in the same segment as WaveGuide (Imaging Diagnostics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Handheld ultrasound devices are developed for whole-body medical imaging. | 2011 | Guilford, Connecticut, United States | USD 350 M | USD 97.61 M | 464 | |
Robotic microsurgical systems for endoscopy are developed. | 2007 | Redwood City, California, United States | USD 733.62 M | 91 | ||
Ultrasound images are analyzed via AI-based software provided by Exo. | 2015 | Redwood City, California, United States | USD 463.39 M |
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Related news about Waveguide
Complete news archive for WaveGuide
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Frequently Asked Questions about WaveGuide
WaveGuide was founded in 2010 and raised its 1st funding round 5 years after it was founded.
WaveGuide is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Nelson Stacks is the CEO of WaveGuide, as recorded in our data.
WaveGuide is a funded company, having raised a total of $41.38M across 6 funding rounds to date. The company's 1st funding round was a Series A of $27M, raised on Apr 2015.
WaveGuide has 6 employees.
WaveGuide was founded in 2010 in Cambridge, United States, focusing on hand-held micro-nuclear magnetic resonance (µNMR) platform technology. Applications include point-of-care chemical analysis, logging while drilling for oil and gas detection, pipeline theft deterrence, asset protection for liquors, food, and pharmaceuticals, and early failure detection in military vehicle components. Proprietary molecular spectroscopy and diagnostic techniques are integrated into the system for these sectors.
WaveGuide offers WaveGuide Form µ la™.
WaveGuide operates through Waveguide Corporation.