Wave7
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Wave7 - overview
Established
2013
Location
Kennewick, WA, US
Primary Industry
Software
About
Wave7 is a performance optimization company that enhances packaging line efficiency through its innovative data collection technologies, empowering manufacturing sectors to achieve operational excellence with real-time insights. Founded in 2013 and headquartered in Kennewick, US, Wave7 focuses on optimizing packaging processes in the manufacturing sector. The company was established with the vision of enhancing data-driven decision-making in packaging operations and has evolved with its flagship product, the WaveRider. The founders, Benjamin Willis and Jv Firth, have a background in technology and manufacturing, while CEO David McKay leads the company towards its goals.
Wave7 has raised funding through several rounds, although specific details on the number of rounds are not disclosed. Wave7 specializes in enhancing packaging line performance through its core product, the WaveRider data collector. This device is installed on packaging lines to gather real-time operational data, which is transmitted to a cloud-based analytics platform that processes this information into actionable insights. By eliminating manual data collection, Wave7 helps operators focus on immediate improvements.
The company also provides predictive performance kiosks that serve as interactive displays, fostering a culture of continuous performance enhancement. Wave7 caters to various industries, including food and beverage, pharmaceuticals, and consumer goods, with clients across North America, Europe, and Asia. Wave7 operates on a subscription-based revenue model, aligning its success with that of its clients by providing ongoing access to its performance improvement services. Clients typically enter into subscription agreements for the WaveRider technology and accompanying analytics platform, which involve initial installation fees, followed by recurring monthly or annual payments for continued service and support.
This model allows clients to benefit from continuous updates and operational insights, enhancing their packaging processes.
Primary Industry
Software
Sub Industries
Software
Website
www.wave7.co
Total Amount Raised
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