Wave9 Technology

Canada
Point Leamington, Newfoundland and Labrador, Canada, S4P 4K9

Company profile

Wave9 Technology company profile

Wave9 enables conventional oil producers to improve production, reduce operating expenses, and mitigate environmental impact by automating daily site inspections using our purpose-built technology platform, coupled with Artificial Intelligence (AI). Our monitoring system provides maintenance staff with a workflow dashboard that prioritizes interventions and feeds the 'right info at the right time’ to the operator. We automatically inform lease operators or pumpers of issues in order to reduce site visits and allow management by exception. The solution consists of a hardware package that provides visual access to the wellhead, sensors tracking key operating parameters, and analytics software that processes and filters this info, then alerts the operator to certain conditions. The combination of these features and abilities allows a significant reduction in human cost of operation as well as operational risks. The package is designed to be self powered and extremely simple to install and use, which eliminates the need for an electrician and operational shut down during package installation. This further improves the economics of deployment.

Business identity

Contact email
[email protected]
Phone number
1 (604) 908-6496
Operating status
Active
Company type
For Profit
Employee range
1-10 employees
Revenue range
$0-$1M
Founded
2018-04-06

Headquarters

Postal code
S4P 4K9
Country code
CA
Continent
North America

Capital profile

Funding and company signals

Funding stage
Seed
Funding rounds
2
Last funding
Grant / $150,000 / 2020-03-10
Last equity funding
Pre Seed
Investors
2
Lead investors
1
Founders
1
Articles
1

Founders and investors

Founders

Ian Cunningham

Lead investors

Government of Saskatchewan

Investors

CultivatorGovernment of Saskatchewan