Web Analytics

3 Latest Announced Rounds

  • $80,000,000
    Series C

    2 Investors

    IT Services and IT Consulting
    Sep 27th, 2024
  • $2,143,528
    Seed

    1 Investors

    Computer & Network Security
    Sep 27th, 2024
  • $12,000,000
    Pre-Seed

    2 Investors

    Research Services
    Sep 27th, 2024
$1,390.46M Raised in 84 Funding Rounds in the past 7 Days - View All

Funding Round Profile

BluWave-ai

start up
Canada - Ottawa, Ontario
  • 21/02/2023
  • Series A
  • $9,500,000

BluWave-ai is focused on driving the proliferation of renewable energy and electric transportation worldwide. Our solutions apply artificial intelligence (AI) cloud software to optimize the cost, carbon footprint and reliability of different energy sources, both renewable and non-renewable, in real-time. This lets our customers – utilities, fleet operators and electricity system operators to improve their energy-related decision making in planning and in live systems to decrease costs and carbon footprint. Every day our employees come to BluWave-ai with the mission to decarbonize the planet by using hardware assets more efficiently with AI software while we build the world's premier renewable energy and transport electrification AI company based in Canada.

In 2017 we started BluWave-ai to bring state-of-the-art techniques from supercomputing, artificial Intelligence, and edge computing to the world of distributed renewable energy. With distributed resources, clean energy can be produced anywhere by anyone, moving the world away from centralized carbon-based emitting sources. But real-time computing is needed to predict production and optimize how to use these resources.


Electrical output from renewable energy sources like wind and solar fluctuates and is inherently difficult for utilities to manage. This results in renewables generation often being under-utilized, with operators relying on fossil fuels as a fallback.

Our grid energy optimization platform balances the cost, availability, and carbon footprint of different energy sources - renewable and non-renewable - with energy demand in real-time.

We are improving the use of wind and solar energy by 10-20 percent. We work with electricity utilities, enterprises, electric fleet operators, large campuses, government operations, net zero communities, and remote/off-grid clients around the globe to make their hardware investments smarter with our AI-enabled SaaS software.


Related People

Devashish PaulFounder

Devashish Paul Canada - Ottawa, Ontario

ABOUT ME

Who are you dealing with? I am an energetic, driven, innovative business leader with a vast array of marketing and product innovation experience in the fields of AI, Cloud Computing, Telecom and Aerospace using the foundation building blocks of computing intensive software and semiconductors to make things happen.

But most importantly I monetize knowledge by engaging, motivating and leading people, both inside the company (peers, employees, execs, investors) and outside the company (partners, customers and suppliers).

Since graduating from college over a few decades ago, I achieved several industry firsts as an innovator: from connecting the world of 4G networks with leading edge silicon interconnect technology to the point that every call-text-video today goes through those products, to solving fundamental problems that make military airborne radar image processing a reality, to enabling F-18's to fly with robust and operational software back in the first gulf war, to defining new global standards for supercomputing and cloud computing. Each time as the world evolves, I've been able to leverage technology to make the lives of end users better and in the process enabled large business successes.

If you want to bring technology and people together to innovate and make business happen, then we need to talk!

I am a Canadian Armed Forces Veteran, 31x Ironman triathlon finisher including representing Canada at 10 world championships and a former Armed Forces Triathlon champion.