# Wavii

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

- Industry: Internet
- Headquarters: Seattle, US
- Website: wavii.com
- Total disclosed funding: $2M
- Latest round: Seed (Jul 1, 2010)
- Investors on record: 3

## About

Wavii, Inc. was a technology company that developed an application aimed at simplifying information overload by providing users with concise and engaging updates from various online sources.Wavii, Inc. was focused on developing a unique application that aggregated and summarized content from the internet. The company was acquired by Google Inc. in April 2013 for around USD 30 mn, with the acquisition marking a significant pivot in its business strategy. The company was headquartered in Seattle, US, and was led by CEO Amana Shelbaya, who was instrumental in driving its innovative approach to information processing. Wavii's technology is now integrated into Google's broader initiatives, enhancing information accessibility for millions globally.Wavii's primary offering was an innovative application designed to streamline the overwhelming flow of information available on the web. The app provided users with concise and engaging updates by filtering and condensing news articles, social media posts, and other online content, thus enhancing the user experience in information consumption. Although the service has been discontinued following Wavii's acquisition by Google, the underlying natural language processing technology developed by Wavii remains integral to Google's initiatives, potentially benefiting millions globally. The original customer base included tech-savvy individuals seeking efficient ways to stay informed, and the app primarily served markets in North America and Europe, where digital consumption rates are high.Wavii’s revenue model centered around its subscription-based app, which provided personalized content aggregation for users. Through direct-to-consumer sales, the company generated income by offering tiered pricing plans for enhanced features that catered to different user needs. Revenue streams also included potential partnerships with content providers and advertisers, allowing Wavii to monetize its platform beyond individual subscriptions. The company’s focus on leveraging its advanced natural language processing capabilities positioned it for future growth in various sectors within the tech industry, although specific financial figures related to their revenue or transaction structures have not been disclosed.Wavii's acquisition by Google in April 2013 for around USD 30 mn has positioned it for future growth through the integration of its natural language processing technology into Google's suite of services. While Wavii’s original application has been discontinued, the underlying technology continues to evolve under Google's stewardship, indicating a strategic focus on enhancing content accessibility and user engagement in forthcoming Google products. Specific plans regarding new products or markets have not been detailed.

## Funding rounds

- Seed, Jul 1, 2010, $2M — Felicis Ventures, SV Angel, Tuesday Capital

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed