When was Bluewave Technology Group founded?

Bluewave Technology Group was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Bluewave Technology Group located?

Bluewave Technology Group is headquartered in Parsippany Troy Hills, United States. It is registered at Deephaven,Minnesota.

Who is the current CEO of Bluewave Technology Group?

Seth Penland of Bluewave Technology Group. They have also founded 1 company.

How many employees does Bluewave Technology Group have?

As of Aug 31, 2026, the latest employee count at Bluewave Technology Group is 162.

Is Bluewave Technology Group a funded company?

Bluewave Technology Group is a funded company, having raised a total of $75M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2014.

When was the latest funding round of Bluewave Technology Group?

Bluewave Technology Group's latest funding was a $***** Series C round on Feb 01, 2022, with participation from 1 investor. Its primary sector is IT Services. In United States, the IT Services sector has seen $2.6B in funding in 2026 to date.

Where does Bluewave Technology Group rank among its competitors?

Bluewave Technology Group ranks 154th amongst 141039 active competitors, of which 985 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Hewlett Packard Enterprise, which secured $118K in Sep, 2025.

Who are the top competitors of Bluewave Technology Group?

Bluewave Technology Group's top competitors include IBM, UST and Infosys. Among them, Hewlett Packard Enterprise secured the most recent funding round in September, 2025.

Bluewave Technology Group - 2026 Company Profile, Team, Funding & Competitors

Bluewave Technology Group is a series C company based in Parsippany Troy Hills (United States), founded in 2016 by Seth Penland. It operates as a Provider of cloud, security, data center, and networking services. Bluewave Technology Group has raised $75M in funding from Columbia Capital. The company has 141039 active competitors, including 985 funded and 7777 that have exited. Its top competitors include companies like IBM, UST and Infosys.

Company Details

Website: bluewave.net
Social
Email ID: *****@bluewave.net
Phone Number: +1 **********
Registered Address: Deephaven,Minnesota

Key Metrics

Founded Year

2016

Location

Parsippany Troy Hills, United States

Stage

Series C

Total Funding

$75M in 3 rounds

Latest Funding Round

Series C, Feb 01, 2022, $*****

Investors

Columbia Capital & 1 more

Ranked

154^th among 141039 active competitors

Employee Count

162 as on Aug 31, 2026

Investment & Acquisitions

Technology Navigation & 13 more

Similar Companies

IBM & 164726 more

View Bluewave Technology Group's full profile

Bluewave Technology Group is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BLUE WAVE GROWTH, LLC CIN: 770716397 , United States, Active	Dec 31, 1999	-	3 (As on Dec 31, 2024)	-

Bluewave Technology Group has raised a total funding of $75M over 3 rounds. Its first funding round was on Jan 01, 2014. Its latest funding round was a Series C round on Feb 01, 2022 for $*****. 1 investor participated in its latest round. Bluewave Technology Group has 2 institutional investors.

Here is the list of recent funding rounds of Bluewave Technology Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 01, 2022	4001179	Series C	4203672	4485449	5875146	6835545
May 01, 2015	6058083	Grant (prize money)	3100150	1496650	2772754	6592346
Jan 01, 2014	1339715	Grant (prize money)	8815177	6553970	7156493	4738974

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View details of Bluewave Technology Group's funding rounds and investors

The founders of Bluewave Technology Group is Seth Penland. Seth Penland is the CEO of Bluewave Technology Group.

Here are the details of Bluewave Technology Group's key team members:

Seth Penland: Founder & CEO of Bluewave Technology Group.

View details of Bluewave Technology Group's Founder profiles and Board Members

Bluewave Technology Group's employee count trend

Bluewave Technology Group has 162 employees as of Aug 26. Here is Bluewave Technology Group's employee count trend over the years:

Employee count trend for Bluewave Technology Group

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Top competitors of Bluewave Technology Group include IBM, UST and Infosys. Here is the list of Top 10 competitors of Bluewave Technology Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 22 others	77/100
2nd	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	76/100
3rd	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital & 1 others	75/100
4th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	74/100
5th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 3 others	74/100
6th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 37 others	73/100
7th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
8th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
9th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	73/100
10th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	73/100
154th	Bluewave Technology Group 2016, Parsippany Troy Hills (United States), Series C	Provider of cloud, security, data center, and networking services	$75M	Columbia Capital, Soterra Capital	57/100

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Bluewave Technology Group has not made any investments yet. Bluewave Technology Group has made 14 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 10, 2025	Acquisition	Technology Navigation	2010	Lone Tree (United States)
Aug 27, 2025	Acquisition	Cactus Technology	2018	Abilene (United States)
Jun 19, 2025	Acquisition	Trupointtech		-