# BluWave-ai funding: rounds and investors

> BluWave-ai has raised $8.1M across 2 rounds since 2018. Investors include Y Combinator, Sustainable Development Technology Canada and FedDev.

Source: https://millionrounds.com/company/bluwave-ai (Millionrounds; every figure on the page links to its filing or article)

Canada · [Series A startup](https://millionrounds.com/companies)

# Who invested in *BluWave-ai*

2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech Energy

Funding summary Updated 26 Oct 2026

**$8.1M** raised across 2 rounds since 2018, from 2 sources

**$1.0M** Pre-seed **$7.1M** Series A

- **Latest round:** Series A, $7.1M Feb 2023
- **Step-up i:** 7.1×
- **Investors:** 5

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023

**$1.0M** Pre-seed

**$7.1M** Series A

- **First round:** Pre-seed, $1.0M
- **Biggest round:** $7.1M
- **Between rounds:** 4.2 years

## The rounds

- **Feb 2023** Series A **$7.1M** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [FedDev](https://millionrounds.com/fund/feddev) [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) Source recorded
- **Nov 2018** Pre-seed **$1.0M** *1 new* [Ecofuel](https://millionrounds.com/fund/ecofuel) Reported by Obj

## Founders and team

From BluWave-ai's own website: 1 founder, 7 on the team.

**Devashish Paul** CEO & Founder

- **Muhammad Zaheed** Vice President of Finance
- **Alex Linchieh** Director of Product Management
- **Aneta Wilga** Director of People and Operations
- **Brandon Paul** Senior Corporate Marketing Manager
- **Craig Downing** Director of Product Marketing
- **Hubert Sugeng** Director of Engineering
- **Robert Refvik** Director of Sales

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Pre-seed** 2018 **Series A** 2023 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) [FedDev](https://millionrounds.com/fund/feddev) [Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) [Ecofuel](https://millionrounds.com/fund/ecofuel)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Sustainable Development Technology Canada](https://millionrounds.com/fund/sustainable-development-technology-canada) VC firm **1** round

[FedDev](https://millionrounds.com/fund/feddev) VC firm **1** round

[Cycle Momentum](https://millionrounds.com/fund/cycle-momentum) VC firm **1** round

[Ecofuel](https://millionrounds.com/fund/ecofuel) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bluwave-ai).

## Also claim to have backed them

This firm lists BluWave-ai as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Capital Angel Network](https://millionrounds.com/fund/capital-angel-network) Angel network Per its own site

## Quick answers about BluWave-ai

### Who invested in BluWave-ai?

BluWave-ai's investors include Y Combinator, Sustainable Development Technology Canada, FedDev, Cycle Momentum and Ecofuel.

### How much has BluWave-ai raised?

BluWave-ai has raised $8.1M across 2 rounds since 2018.

### When did BluWave-ai last raise?

BluWave-ai's most recent round was a Series A of $7.1M in Feb 2023.

### What was BluWave-ai's biggest round?

Its most recent round, $7.1M in Feb 2023, is also its largest on record.

### Who backed BluWave-ai first?

BluWave-ai's first round on record, in Nov 2018, was backed by Ecofuel.

### What stage is BluWave-ai at?

BluWave-ai's latest named round is a Series A, in Feb 2023.

### Where is BluWave-ai based?

BluWave-ai is based in Canada.

## Companies like BluWave-ai

In the same sector, and raised in the last eighteen months.

[**CURA** $14M · Sept 2026](https://millionrounds.com/company/cura)[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**Cyclic Materials** $150M · Aug 2026](https://millionrounds.com/company/cyclic-materials)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**Gladiator Metals** $25M · Jun 2026](https://millionrounds.com/company/gladiator-metals)

## Find investors like these

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