# ActiveGrid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/activegrid

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.wavemaker.com
- Total disclosed funding: $13M
- Latest round: Series B (Jul 19, 2005)
- Investors on record: 3

## About

ActiveGrid Inc. is a software development company specializing in low-code solutions that empower developers to swiftly create customized applications, enhancing operational efficiency across various industries.ActiveGrid Inc. is focused on providing a low-code application development platform. The company was founded in 2003 and is headquartered in San Francisco, US. In May 2013, ActiveGrid Inc. was acquired by Pramati Technologies for an undisclosed amount. The company has engaged in three deals since its inception, with its most recent funding round being a Series B that raised USD 10.00 mn, led by Worldview Technology Partners, among other investors including AllegisCyber Capital and Aspenwood Ventures. The total amount raised by the company to date is USD 10.00 mn.WaveMaker, Inc. offers a modern low-code application development platform designed for professional developers to build high-stakes, custom applications. Their flagship product, the WaveXD Platform, integrates AI-driven capabilities and provides pre-built, modular components that facilitate rapid application development. This platform enables users to create pixel-perfect user interfaces and reusable business components, thereby addressing needs in various sectors such as financial services, telecommunications, and enterprise solutions. WaveMaker’s client base includes large enterprises and independent software vendors (ISVs) across 17 countries, which benefit from its ability to streamline app development processes and enhance operational efficiency. The company primarily markets its products in North America, Europe, and parts of Asia, where there is a growing demand for low-code and no-code solutions.WaveMaker generates revenue through a subscription-based model, primarily targeting businesses that require robust and customizable application development solutions. Clients pay for licenses based on a per-developer model, allowing them to access the full suite of tools necessary for building applications without facing vendor lock-in. Additionally, WaveMaker engages in partnerships with organizations seeking to modernize their legacy systems or develop new digital platforms, further contributing to its revenue stream. The company’s offerings, including WaveMaker AutoCode and the WaveMaker UI Kit, are integral in driving transactional relationships with enterprises looking to enhance their digital capabilities.ActiveGrid Inc. plans to leverage its recent funding to enhance its platform capabilities and introduce new products aimed at further improving the application development process. The company is targeting expansion into new markets, particularly in regions within Asia and Europe, by 2024. The recent Series B funding will be utilized to support these initiatives and accelerate growth strategies.

## Funding rounds

- Series B, Jul 19, 2005, $10M — AllegisCyber Capital, Aspenwood Ventures, Worldview Technology Partners
- Series A, Nov 17, 2004, $3M — AllegisCyber Capital, Aspenwood Ventures

## Investors

- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series A, Series B
- Aspenwood Ventures (https://capitalatlas.ai/funds/aspenwood-ventures) — Series A, Series B
- Worldview Technology Partners (https://capitalatlas.ai/funds/worldview-technology-partners) — Series B