# Ball Wave

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ball-wave

- Industry: Industrial Machinery
- Headquarters: Sendai-shi, Japan
- Website: www.ballwave.jp/
- Total disclosed funding: $9.4M
- Latest round: Series C (Mar 8, 2021)
- Investors on record: 9

## About

Based in Japan, Ball Wave Inc. functions as a developer of advanced chemical sensing technologies, catering primarily to industries requiring precise environmental measurements.Ball Wave Inc. is a chemical sensing technology firm founded in 2015 in Sendai-shi, Japan. The company has engaged in 4 deals, with its most recent funding round being a SERIES C where it raised JPY 181.000 mn on October 1, 2024. The firm has achieved a current valuation of JPY 3,234.635 mn. Yusuke Tsukahara, the founder, has a history of founding other ventures, although specifics are not available.Ball Wave Inc. specializes in advanced chemical sensing technologies with its flagship products: the ultra-trace moisture meter FalconTrace and the ultra-compact gas chromatograph Sylph. FalconTrace utilizes Ball SAW sensor technology to measure moisture concentration in gases down to 1 part per billion (ppb), suitable for semiconductor and battery manufacturing. The Sylph is a handheld gas chromatograph developed in collaboration with the Japan Aerospace Exploration Agency (JAXA) for measuring gas types and concentrations in diverse applications, including food freshness, toxic gas detection, and monitoring fermentation processes. Ball Wave markets its products mainly in Japan and several international markets, serving manufacturing, food production, and aerospace sectors.Ball Wave Inc. generates revenue primarily through direct sales of its products, such as FalconTrace and Sylph, to businesses in manufacturing and food safety. Sales typically occur on a B2B basis, with clients purchasing units or entering into partnerships for ongoing support. Pricing aligns with product specifications and performance, and revenue may also come from service agreements for maintaining and supporting their technologies.In October 2024, Ball Wave Inc. raised JPY 181.000 mn from new investors Darwin Venture Management and Sysmex Corporation. This funding will support the expansion of the company's business and management, enhance research and development efforts, and advance their innovative gas sensing technologies. The company is focusing on the design and launch of new products, as well as targeting specific markets for geographic expansion, although detailed timelines and regions are not explicitly stated.

## Funding rounds

- Series C, Mar 8, 2021, $1.7M — Industrial Technology Investment Corporation, JA Mitsui Leasing, Toyoda Gosei Co., Ltd.
- Series B, Nov 5, 2018, $5.3M — Daiwa Corporate Investment, Mitsubishi UFJ Capital, SMBC Venture Capital, UntroD Capital, TOHOKU University Venture Partners
- Series A, Sep 20, 2016, $2.5M — Daiwa Corporate Investment, SMBC Venture Capital, TOHOKU University Venture Partners, 77 Capital

## Investors

- Daiwa Corporate Investment (https://capitalatlas.ai/funds/daiwa-corporate-investment) — Series A, Series B
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A, Series B
- TOHOKU University Venture Partners (https://capitalatlas.ai/funds/tohoku-university-venture-partners) — Series A, Series B
- 77 Capital — Series A
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B
- UntroD Capital — Series B
- Industrial Technology Investment Corporation (https://capitalatlas.ai/funds/industrial-technology-investment-corporation) — Series C
- JA Mitsui Leasing — Series C
- Toyoda Gosei Co., Ltd. — Series C