# WaveMaker Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wavemaker-software

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.wavemaker.com
- Total disclosed funding: $14M
- Latest round: Series A (Feb 26, 2009)
- Investors on record: 4

## About

WaveMaker Software, Inc. is a US-based company that specializes in low-code development platforms, enabling professional developers to create enterprise-grade web and mobile applications efficiently.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. CEO Vijay Pullur, who also founded the company, has previously been involved in other ventures.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. The platform is utilized in markets around the globe, including North America, Europe, and Asia, addressing the growing need for modern, scalable software solutions that can integrate seamlessly with existing systems and rapidly adapt to changing business requirements.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 pricing plans are structured to provide flexibility for businesses of various sizes, ensuring that organizations can invest in the platform according to their development requirements and operational scale.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. The funding from the Series A round will be utilized to support these initiatives, enhancing product development and marketing efforts to facilitate entry into these new markets.

## Funding rounds

- Series A, Feb 26, 2009, $0.8M — Aspenwood Ventures
- Series B, Mar 10, 2008, $3M — AllegisCyber Capital, Aspenwood Ventures, Worldview Technology Partners, Sippl Investments
- Series B, Jul 19, 2005, $10M — AllegisCyber Capital, Aspenwood Ventures, Worldview Technology Partners

## Investors

- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series B
- Aspenwood Ventures (https://capitalatlas.ai/funds/aspenwood-ventures) — Series B, Series A
- Worldview Technology Partners (https://capitalatlas.ai/funds/worldview-technology-partners) — Series B
- Sippl Investments (https://capitalatlas.ai/funds/sippl-investments) — Series B