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§ Private Profile · Ottawa, ON, Canada
AI software company providing SaaS solutions to optimize distributed renewable energy systems and transport electrification.
BluWave-ai is an Ottawa, Ontario-based software company that develops artificial intelligence-driven solutions to optimize distributed renewable energy systems and transport electrification. Operating with a diverse team of fewer than 25 employees originating from 15 different countries, the enterprise provides cloud-based and edge computing platforms to manage solar and wind power grids. The firm operates on a software-as-a-service business model that currently generates multi-million dollar annual revenues while facilitating the global transition away from centralized carbon-based energy. Its proprietary technology is deployed to worldwide customers across North America, Europe, and Asia, while the company maintains strategic advisory ties with CERN Open Lab and the Open Compute Project. Operating additional domestic offices in Calgary and Summerside, the enterprise leverages prior executive experience scaling technology businesses to $110 million in revenue. BluWave-ai was founded in 2017 by Devashish Paul.
BluWave-ai has raised $15.1M across 2 funding rounds.
BluWave-ai has raised $15.1M in total across 2 funding rounds.
BluWave-ai has raised $15.1M in total across 2 funding rounds.
BluWave-ai's investors include Keegan Tully, Capital Angel Network, OCE.
BluWave-ai has raised $15.1M across 2 funding rounds. Most recently, it raised $11.2M Grant / Series A in February 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 15, 2023 | $11.2M Grant | Keegan Tully | Capital Angel Network | Announced |
| Mar 19, 2020 | $3.9M Seed | — | OCE | Announced |