What is WAVSYS?
Founded in 2007 and headquartered in Brooklyn, New York, WAVSYS operates through two primary divisions: Staff Augmentation and Professional Services. The company offers comprehensive IT support, telecommunications services, application development, and engineering solutions, alongside project management and network infrastructure expertise. WAVSYS also provides technical staff augmentation to a diverse client base, including mid-market, Fortune 100, and emerging companies across the US, Canada, and the European Union. Their core business involves designing and engineering multi-technology and multi-vendor wireless telecommunications systems for equipment operators and manufacturers.
How much funding has WAVSYS raised?
WAVSYS has raised a total of $7M across 2 funding rounds:
Debt
$5M
Debt
$2M
Debt (2020): $5M with participation from PPP
Debt (2021): $2M led by PPP
What's next for WAVSYS?
The recent major strategic investment signifies a pivotal moment for WAVSYS, likely enabling expansion into new markets, enhancement of service offerings, or further technological development. Given the enterprise-level context of its total funding, WAVSYS appears poised for significant scaling and consolidation within the telecommunications and IT services sector. Future strategic initiatives may focus on deepening its professional services capabilities or broadening its staff augmentation reach.
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