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GreenWave Systems
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Short description

Developer of smart energy-efficient homes through the monitoring and controlling of devices

Founded in 2008
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Irvine, CA Irvine, United States
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Updated by Jonathan Koch at on 07/27/2017

Edited by Cleantech Group on 10/05/2020

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  • 1 M&A items
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Date Company
01/06/2014

E.ON E.ON

E.ON has picked GreenWave Systems' technology for a Europe-wide rollout of its Smart Home platform, set to begin in the first half of 2014.

Confirmed by E.ON

Partnerships
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Date Partner Type
11/03/2014
Verizon Verizon
FiOS Quantum Gateway was developed by Verizon and Greenwave Systems on Greenwave’s Axon™ software platform for enabling network-based services. The FiOS Quantum Gateway delivers a whole-home network signal that separates high-bandwidth activities like HD video streaming and online gaming from lower-bandwidth data consumption.
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Confirmed by Verizon
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Investment Rounds
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IPO INFORMATION

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Description

Date Investors Type Amount
01/07/2016 EDBI EDBI , Singapore Technologies Telemedia Singapore Technologies Telemedia , The Westly Group The Westly Group , E.ON Ventures E.ON Ventures (4)
Post-money valuation of
Greenwave intends to use the funds to accelerate its global expansion, to increase and diversify the pipeline of strategic accounts and expand into mobile infrastructure for M2M solutions
Growth Equity $45,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Axon Predict

With the addition of AXON Predict to its product family, the company is now extending computational power and real intelligence industrial, commercial and consumer market segments within the Internet of Things (IoT). Together, the company's real-time visual edge analytics software and sophisticated data management platform will enable enterprises and OEMs to manage critical data at the edge.

Wide Commercial Availability License of Usage
$/kW (current)
$/kW (projected)
$/kWh (current)
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