# Deepwave Digital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepwave-digital

- Industry: Hardware
- Headquarters: Philadelphia, US
- Website: www.deepwavedigital.com
- Total disclosed funding: $3.2M
- Latest round: Seed (Dec 15, 2020)
- Investors on record: 6

## About

Deepwave Digital, Inc. specializes in advanced radio frequency intelligence solutions, harnessing RF data to drive automation and efficiency across multiple industries, particularly in aviation, defense, and telecommunications.Founded in 2017 in Philadelphia, US, Deepwave Digital, Inc. focuses on RF intelligence solutions tailored for automated systems. The company has completed three deals, with the most recent being a Seed funding round in December 2020 where it raised USD 3.000 mn, co-led by Jumpstart New Jersey Angel Network and Northrop Grumman. The CEO, John Ferguson, leads the company as it continues to innovate in the RF space.Deepwave AI specializes in advanced radio frequency (RF) intelligence solutions designed to extract actionable insights from RF data, enabling automated systems and workflows across various industries. The core product offerings include Deepwave's AIR-T platform, which is specifically engineered for RF and wireless deep learning applications at the edge, enhancing signal processing capabilities. Coupled with the AirStack software, which facilitates AI-driven applications, Deepwave provides a comprehensive suite that supports multiple industries including avionics, autonomous systems, manufacturing, logistics, and communications, particularly in the context of 5G/6G networks and the Industrial Internet of Things (IIoT). The company targets a global market, providing solutions to customers in sectors such as aviation and defense, with a focus on enhancing airspace navigation and operational efficiency. Their products have found applications in environments that demand low-latency signal processing, facilitating dynamic spectrum insights and effective communications.Deepwave AI generates revenue through a combination of product sales and service offerings, particularly focused on subscriptions and partnerships with clients across various industries. The transaction structure typically involves B2B relationships, where organizations purchase the AIR-T hardware and associated software tools like AirStack, BitStream, and AirPack to bolster their RF intelligence capabilities. Clients may engage in annual subscription models for software updates and ongoing support, ensuring they have access to the latest advancements in RF technology. Additionally, specific pricing plans align with the scale and customization of the solutions provided, allowing companies to tailor their purchases to meet industry-specific needs. Deepwave's flagship offerings are strategically developed to cater to the exacting requirements of sectors such as aviation, logistics, and telecommunications, ensuring a robust client base across these critical markets.Deepwave Digital, Inc. plans to utilize the USD 3.000 mn raised in its most recent Seed funding round to expand its product offerings and market reach. With a focus on developing new versions of its AIR-T platform and enhancements to the AirStack software, the company aims to launch these new products in the next 12 to 18 months. Additionally, Deepwave intends to target expansion into international markets, specifically Europe and Asia, by the end of 2023, where demand for advanced RF intelligence solutions is growing. The funding will support these initiatives, positioning Deepwave strategically within the evolving industries of aviation, defense, and telecommunications.

## Funding rounds

- Seed, Dec 15, 2020, $3M — Ben Franklin Technology Partners, Northrop Grumman, Robin Hood Ventures, Jumpstart New Jersey Angel Network, The Lehigh Valley Angel Investors
- Seed, May 26, 2018, $0.2M — Ben Franklin Technology Partners, StartUp PHL

## Investors

- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Seed
- StartUp PHL — Seed
- Northrop Grumman — Seed
- Robin Hood Ventures (https://capitalatlas.ai/funds/robin-hood-ventures) — Seed
- Jumpstart New Jersey Angel Network — Seed
- The Lehigh Valley Angel Investors — Seed