# WaveScan Technologies Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wavescan-technologies-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.wavescan.sg
- Latest round: Seed (Jun 15, 2021)
- Investors on record: 7

## About

WaveScan Technologies Pte. Ltd., based in Singapore, specializes in advanced non-destructive testing solutions, leveraging AI-powered 3D imaging technology for high-resolution structural inspections.Founded in 2018 in Singapore, WaveScan Technologies Pte. Ltd. focuses on delivering innovative non-destructive testing solutions. The company was co-founded by Kush Agarwal and Muhammad Karim, with Kush Agarwal serving as CEO. WaveScan has raised USD 1.36 mn in Seed funding as of August 11, 2021, targeting its growth in the non-destructive testing sector with two deals completed since inception.WaveScan Technologies specializes in advanced non-destructive testing solutions, focusing primarily on its innovative AI-powered 3D imaging technology. This first-of-its-kind, non-contact, see-through imaging system offers high-resolution scans that are accurate, portable, and safe for structural inspections. The technology addresses critical use cases in high-risk environments, particularly in the built environment and energy sectors, enabling risk-free assessments of buildings and infrastructure. Their primary customer base includes construction firms, energy companies, and asset management entities across Southeast Asia, the Middle East, and specific regions of North America.In the most recent fiscal year 2023, WaveScan Technologies reported revenue of USD 807,254 and an EBITDA of USD 60,386.5. The company operates on a B2B model, generating revenue through partnerships and direct transactions, with tailored services like the ScanWizard™ software suite and proprietary scanning systems.WaveScan Technologies aims to expand its product line with new offerings that enhance its non-destructive testing capabilities, although specific launch dates are currently not disclosed. The company plans to penetrate new markets in Europe and North America by 2025, leveraging recent Seed funding of USD 1.36 mn to support these initiatives. This funding will assist in product development and marketing efforts to reach potential clients in these new regions.

## Funding rounds

- Seed, Jun 15, 2021 — Plug and Play, SEEDS Capital, Leave a Nest Co., Ltd., Silicon Solution Ventures, She1K, Koji Ventures, KK39 Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed
- Leave a Nest Co., Ltd. — Seed
- Silicon Solution Ventures — Seed
- She1K (https://capitalatlas.ai/funds/she1k) — Seed
- Koji Ventures (https://capitalatlas.ai/funds/koji-ventures) — Seed
- KK39 Ventures (https://capitalatlas.ai/funds/kk39-ventures) — Seed