# ThruWave

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.thruwave.com
- Total disclosed funding: $6.4M
- Latest round: Seed (Sep 3, 2020)
- Investors on record: 7

## About

ThruWave, Inc. specializes in advanced mmWave imaging systems that allow real-time inspection of sealed packages, enhancing quality control and security for various industries such as logistics and e-commerce.Founded in 2017 and headquartered in Seattle, US, ThruWave, Inc. focuses on mmWave imaging technology that enables the inspection of sealed packages. The company was established by Andreas Pedroß-Engel, Claire Watts, and Matt Reynolds. As of September 2020, ThruWave raised USD 6.40 mn in Seed funding from investors including E14 Fund and Ubiquity Ventures, bringing the total amount raised to USD 6.40 mn. The company has completed 2 deals to date.ThruWave specializes in the design and development of proprietary mmWave imaging systems, complemented by advanced image reconstruction and data analytics software. Their technology allows clients to see inside sealed packaging, addressing critical quality and security concerns in real time at conveyor speeds. It effectively penetrates various packaging materials, making it suitable for mail screening, manufacturing, logistics, and e-commerce applications. Key users of ThruWave’s products include security agencies and logistics companies requiring high-speed inspection capabilities.ThruWave generates revenue primarily through the sale of its mmWave imaging systems and associated software solutions, structured around direct sales and B2B partnerships. Clients engage in one-time purchases or long-term partnerships, benefiting from ongoing support and software updates. The pricing structure reflects the complexity and utility of the systems, with flagship products like the Benchtop Inspection System central to the company’s revenue model. Revenue is driven by the growing need for automated inspection solutions across various industries.ThruWave is focused on expanding its product offerings and entering new markets. The recent funding of USD 6.40 mn from September 2020 will support the development of new imaging systems aimed at enhancing inspection capabilities. The company is targeting expansion into North American and European markets by mid-2022, capitalizing on the increasing demand for automated quality assurance solutions in logistics and e-commerce.

## Funding rounds

- Seed, Sep 3, 2020, $6.4M — In-Q-Tel, WRF Capital, Root Ventures, Blue Sky Capital, E14 Fund, Foothill Ventures, Ubiquity Ventures

## Investors

- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Seed
- WRF Capital (https://capitalatlas.ai/funds/wrf-capital) — Seed
- Root Ventures (https://capitalatlas.ai/funds/root-ventures) — Seed
- Blue Sky Capital — Seed
- E14 Fund (https://capitalatlas.ai/funds/e14-fund) — Seed
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Seed
- Ubiquity Ventures (https://capitalatlas.ai/funds/ubiquity-ventures) — Seed