When was iWave Systems founded?

iWave Systems was founded in 1999 and raised its 1st funding round 9 years after it was founded.

Where is iWave Systems located?

iWave Systems is headquartered in Bengaluru, India. It is registered at 7/B, 29TH MAIN, BTM LAYOUT,2ND STAGE, BANGALORE, 2ND STAGE, BANGALORE, Karnataka, India, 560076.

Who is the current CEO of iWave Systems?

Abdullah Mohamedjohn Khan of iWave Systems. They have also founded 2 companies.

Which legal entities is iWave Systems associated with?

iWave Systems is associated with IWAVE SYSTEMS TECHNOLOGIES PRIVATE LIMITED and 2 others.

How many employees does iWave Systems have?

As of Sep 30, 2026, the latest employee count at iWave Systems is 348.

Is iWave Systems a funded company?

iWave Systems is a funded company, having raised a total of ₹***** in its 1st and only funding round, a Angel round on Mar 18, 2008.

How much is iWave Systems worth?

The latest valuation of iWave Systems is ₹***** as of Mar 18, 2008.

When was the latest funding round of iWave Systems?

iWave Systems' latest funding was a ₹***** Angel round on Mar 18, 2008, with participation from 1 investor.

What is the annual revenue of iWave Systems?

Annual revenue of iWave Systems is between ₹10 Cr and ₹50 Cr as on Mar 31, 2023

Where does iWave Systems rank among its competitors?

iWave Systems ranks 5th amongst 40 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Krtkl, which secured an undisclosed amount in Nov, 2021.

Who are the top competitors of iWave Systems?

iWave Systems' top competitors include Thundersoft, SECO and Axiomtek. Among them, Krtkl secured the most recent funding round in November, 2021.

iWave Systems - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of system on modules, single board computers, and related cards. The company offers ARM and FPGA system on modules. Also available are PCIe, VPX, and FMC cards. Solutions extend to telematics, automotive, avionics, and HMI applications.

Website: www.iwavesystems.com/
Social
Email ID: *****@iwave-global.com
Phone Number: +91 **********
Registered Address: 7/B, 29TH MAIN, BTM LAYOUT,2ND STAGE, BANGALORE, 2ND STAGE, BANGALORE, Karnataka, India, 560076

Key Metrics

Founded Year

1999

Location

Bengaluru, India

Stage

Seed

Total Funding

$54.7K in 1 round

Latest Funding Round

Angel, Mar 18, 2008, ₹*****

Post Money Valuation

₹***** as on Mar 18, 2008

Investors

Ghouse Ahmed

Ranked

5^th among 40 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2023

Employee Count

348 as on Sep 30, 2026

Similar Companies

Thundersoft & 42 more

View iWave Systems' full profile

iWave Systems is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
iWave Global GmbH CIN: HRB101574 , Germany, Active		-	-
IWAVE SYSTEMS LTD CIN: 13703518 , Germany, Active	Oct 25, 2021	-	185 (As on May 31, 2022)
IWAVE SYSTEMS TECHNOLOGIES PRIVATE LIMITED CIN: U72100KA1999PTC025672 , India, Active	Sep 03, 1999	₹10 - ₹50 Cr (As on Mar 31, 2023)	7 (As on May 01, 2026)

iWave Systems has raised a total funding of $54.7K over 1 round. Its latest funding round was a Angel round on Mar 18, 2008 for ₹*****. 1 investor participated in its latest round. iWave Systems has 1 angel investor.

Here is the list of recent funding rounds of iWave Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 18, 2008	4533360	Angel	4552448	6121463	1357047	6313016

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View details of iWave Systems's funding rounds and investors

The founders of iWave Systems are Mohamed Saliya and Abdullah Mohamedjohn Khan. Abdullah Mohamedjohn Khan is the CEO of iWave Systems.

Here are the details of iWave Systems' key team members:

Mohamed Saliya: Co-Founder & Managing Director of iWave Systems and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Abdullah Mohamedjohn Khan: Co-Founder & CEO of iWave Systems and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

iWave Systems' Board of Directors

iWave Systems's board has 3 active members. Mohamed Saliya, Abdullah Mohamedjohn Khan and Ghouse Ahmed are part of team.

Here is the list of iWave Systems' board of directors:

Name	Type	Representing	Status	Duration
Mohamed Saliya	Team	-	Current	27y 1m
Abdullah Mohamedjohn Khan	Team	-	Current	27y 1m
Ghouse Ahmed	Investor	-	Current	27y 1m

View details of iWave Systems's Founder profiles and Board Members

iWave Systems' employee count trend

iWave Systems has 348 employees as of Sep 26. Here is iWave Systems's employee count trend over the years:

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Top competitors of iWave Systems include Thundersoft, SECO and Axiomtek. Here is the list of Top 10 competitors of iWave Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Thundersoft 2008, Seed	Provider of operating system technologies and intelligent device software solutions	-	Intel, Qualcomm Ventures & 3 others	60/100
2nd	SECO 1979, Arezzo (Italy), Public	Provider of industrial hardware, software framework, and system integration products	$12.4M	Fondo Italiano d'Investimento	58/100
3rd	Axiomtek 1990, Taipei (Taiwan), Public	Manufacturer of industrial computer systems and medical grade panel PCs	-	-	48/100
4th	Variscite 2003, Lod (Israel), Unfunded	Manufacturer of System-on-module	-	-	48/100
5th	iWave Systems 1999, Bengaluru (India), Seed	Provider of system on modules, single board computers, and related cards	$54.7K	-	44/100
6th	Smart Modular Technologies 1985, Newark (United States), Public	Provider of end-to-end data center solutions for AI and HPC	-	Francisco Partners, NYSTRS & 6 others	42/100
7th	Krtkl 2014, San Francisco (United States), Seed	Provider of embedded hardware and software for robotics	$150K	Phystech Ventures, Boeing & 5 others	42/100
8th	ELDAAS Technologies 2009, Bengaluru (India), Unfunded	Provider of system-on-modules, radar technology, and design and engineering services	-	-	36/100
9th	Blue Chip Technology 1995, Tattenhall (United Kingdom), Unfunded	Manufacturer of embedded computers	-	-	34/100
10th	RBZ Unfunded	Developer of embedded custom electronics and hardware design system solutions	-	-	34/100

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Founders (largest shareholder) own 57.48%, Angels own 3.22% and Other People own 39.28%. The net worth of iWave Systems's founders is INR 3.98Cr as of Mar 18, 2008.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.48%	3.98Cr	6052013	5513494	7701273	6940582
Abdullah Mohamedjohn Khan	5569257	2559426	7732657	8520089	2202057	2458313
Mohamed Saliya	5308622	7001698	7081256	3920249	1054602	6630178
Angel	3.22%	22.3L	907	915	492	444
Ghouse Ahmed	599	499	987	490	615	573
Other People	39.28%	2.72Cr	9766588	2991297	4663807	6497685
Total	99.98%	6.92Cr	9231614	2590237	8302214	2205621