Tech Company Financing Transactions
BluWave-ai Funding Round
On 2/15/2023, BluWave-ai secured $9.5 million in Series A funding from PowerON Energy Solutions and Capital Angel Network.
Transaction Overview
Company Name
Announced On
2/15/2023
Transaction Type
Venture Equity
Amount
$9,500,000
Round
Series A
Investors
PowerON Energy Solutions (Lead Investor)
Proceeds Purpose
The company intends to use the funds for commercial scale-out, new customer acquisition, growing staff to 60, and expansion in existing markets for grid optimization as well as the EV market.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
62 Steacie Dr. 102
Ottawa on, K2K 2A9
Canada
Ottawa on, K2K 2A9
Canada
Phone
Undisclosed
Website
Email Address
Overview
BluWave-ai seeks to realize a world powered by renewable energy. We are committed to accelerating the adoption and use of renewable energy sources like wind and solar across communities and corporations to realize the Utility of the Future. To achieve this, we use artificial intelligence (AI) and big data analytics.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Devashish Paul
VP - Engineering
Mostafa Farrokhabadi
VP - Engineering
Hubert Sugeng
VP - Product Management
Craig Downing
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