WaveSense, Inc.
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WaveSense, Inc. - overview
Established
2017
Location
Somerville, MA, US
Primary Industry
Electronics
About
WaveSense, Inc. specializes in advanced Ground Positioning Radar technology, offering innovative solutions for precise vehicle localization, particularly in challenging conditions. WaveSense, Inc. was founded in 2017 and is headquartered in Somerville, US.
The company focuses on advanced Ground Positioning Radar technology, primarily through its flagship product, WaveSense. Under the leadership of CEO Tarik Bolat, the firm has executed five deals, with the most recent funding round occurring on March 30, 2021. WaveSense raised USD 15. 00 mn in this round, co-led by Rhapsody Venture Partners and Impossible Ventures.
WaveSense, Inc. specializes in advanced Ground Positioning Radar technology, primarily through its flagship product, WaveSense. This system includes three core components: the GroundSense sensor, NavSense localization software, and MapSense mapping suite. GroundSense captures subsurface data, generating unique "fingerprints" for precise vehicle localization, even in poor GPS conditions.
NavSense processes the scans for real-time positioning, while MapSense converts data into high-definition maps. Their solutions cater to sectors such as airport logistics, construction, mining, and autonomous vehicles, serving clients in North America and Europe. WaveSense, Inc. operates through B2B partnerships, generating revenue on a transactional basis.
Their revenue model includes licensing agreements for WaveSense technology, allowing clients to integrate it into their operations, along with potential subscription models for ongoing support. The company provides customized agreements tailored to the unique needs of clients across transportation and logistics sectors, with competitively priced solutions in the autonomous technology market. Following the USD 15. 00 mn funding raised on March 30, 2021, WaveSense, Inc.
plans to accelerate its next-generation Advanced Driver Assistance Systems (ADAS) and autonomous features platform. This funding will support upcoming product designs and expansions into new geographic regions, targeting broader markets within the autonomous vehicle sector.
Current Investors
Rhapsody Venture Partners, Vas Ventures, Nomo Ventures
Primary Industry
Electronics
Sub Industries
Automobiles, Other Vehicles & Parts, Integrated Circuits
Website
www.wavesense.io
Company Stage
Angel & Seed
Total Amount Raised
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