BluWave-ai Raises $8.1M Series A-2

BluWave-ai, based in Ottawa, Canada, is an artificial intelligence company specializing in renewable energy and power grid optimization. The company has announced the closing of $8.1 million in a Series A-2 financing round to support its ongoing national and international expansion.

Investors

The financing round included participation from new and returning international angel investors and family offices, including several investors from the Capital Angels Network. RBC and BMO also provided operational capital and financial support.

BluWave-ai Use of Funds

Proceeds from this round will be used to strengthen Canadian operations, expand the engineering team, and grow the company's intellectual property portfolio. The funds will also support international business development as the company scales its AI-driven grid management solutions globally.

About BluWave-ai

Founded in 2017 by CEO Devashish Paul, BluWave-ai is headquartered in Ottawa, Canada. The company provides an AI-driven software platform designed to optimize renewable energy usage, battery storage, dynamic pricing, and electric vehicle charging for utility companies and fleet operators, with a mission to lower carbon emissions and improve grid reliability.

Funding Details

Company Website: https://bluwave.ai

Company: BluWave-ai
Raised: $8.1M
Round: Series A-2
Funding Date: November 12, 2026
Additional Investors: Capital Angels Network, Royal Bank of Canada, Bank of Montreal
Company Website: https://bluwave.ai
Software Category: AI, Energy Tech
Source: https://finance.yahoo.com/technology/ai/articles/bluwave-ai-closes-8-1m-140000679.html