WaveMaker Software

WaveMaker Software, Inc.Founded in 2003 and headquartered in San Francisco, US, WaveMaker Software, Inc. provides a low-code development platform that allows developers to efficiently build enterprise applications. The company was the target of a strategic acquisition by VMware in March 2011, with financial terms undisclosed.WaveMaker, Inc. specializes in offering a low-code development platform designed for professional developers to create enterprise-grade applications efficiently. The core product, WaveMaker, empowers users to generate clean code for web and mobile applications using popular frameworks such as Angular for web development and React Native for mobile. This platform enables rapid prototyping and customization, facilitating the assembly of applications using pre-built components, enhancing development speed and flexibility. WaveMaker's offerings cater to a diverse clientele, including large enterprises and independent software vendors (ISVs) across various sectors, such as banking and telecommunications.WaveMaker operates on a subscription-based revenue model, primarily targeting B2B clients within the enterprise software sector. Revenue is generated through developer seat licensing, allowing organizations to access the WaveMaker platform for their teams. This licensing structure supports the deployment of their low-code applications across different client environments, enabling scalable solutions tailored to specific business needs. The flagship product, WaveMaker, is central to this transactional model, with clients purchasing licenses that grant them access to the platform’s features, including its API-driven capabilities and customizable components.The recent acquisition by VMware in March 2011 has positioned WaveMaker Software, Inc. to leverage VMware's extensive resources for future expansion. The company plans to enhance its product offerings with new features and tools aimed at simplifying the development process further. Additionally, WaveMaker intends to explore new geographic markets, focusing on regions like Asia and Europe for expansion, targeting a broader client base by the end of 2023.

1. Series A

   Feb 26, 2009

   Amount

   $0.8M

   Investors

   Locked

2. Series B

   Mar 10, 2008

   Amount

   $3M

   Investors

   Locked

3. Series B

   Jul 19, 2005

   Amount

   $10M

   Investors

   Locked