# Wave Systems

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

- Industry: Healthcare IT
- Headquarters: Westport, US
- Website: www.wavedds.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jun 19, 2019)
- Investors on record: 2

## About

Wave Systems LLC provides advanced drowning detection solutions, enhancing safety in aquatic environments through innovative technology and real-time monitoring systems.Founded in 2015 in Westport, US, Wave Systems LLC specializes in drowning detection systems. It has conducted 2 deals, with its most recent deal occurring on June 19, 2019, during a SEED funding round where they raised USD 150,000 led by Connecticut Innovations. The company was co-founded by Dave Cutler and Mark Caron, who also serve as the CEO. There is no indication of significant changes in business strategy since its inception.WAVE specializes in drowning detection systems, primarily offering the WAVE GUARDian systems, which enhance aquatic safety across various environments, including indoor and outdoor pools, waterparks, lakes, and rivers. Their flagship product utilizes advanced digital technology to provide real-time monitoring of swimmers, ensuring rapid response from lifeguards in the event of a potential drowning incident. The system operates effectively in various water conditions and is designed for easy deployment without extensive installation. WAVE serves a diverse client base, including aquatic facilities, water safety organizations, and recreational areas across the United States, with growing interest in international markets.WAVE generates revenue through direct sales of its GUARDian systems and related technologies, which include the Lifeguard Alert and Swimmer Alert features, alongside ongoing customer support and system maintenance. Transactions typically occur on a B2B model, allowing facilities to purchase the system as a one-time investment or as part of an operational partnership for enhanced safety management. The company offers a bundled approach, enabling customers to acquire comprehensive safety solutions tailored to specific needs, ensuring accessibility for various aquatic venues. WAVE's systems have been recognized for their effectiveness, receiving accolades from industry publications.Wave Systems LLC plans to expand its product line with upcoming innovations designed to enhance drowning detection capabilities, although specific release dates have not been disclosed. The company aims to enter new markets, particularly targeting international regions to broaden its reach by 2025. Recent funding from the SEED round on June 19, 2019, will be utilized to support these initiatives and bolster the company’s operational infrastructure.

## Funding rounds

- Seed, Jun 19, 2019 — Ideaship
- Seed, Nov 16, 2018, $0.1M — Connecticut Innovations

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Seed
- Ideaship (https://capitalatlas.ai/funds/ideaship) — Seed