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GreenWaves Technologies

Energy · Grenoble, France · Founded 2014

A fabless semiconductor start-up designing disruptive ultra-low power embedded solutions for image, sound and vibration AI processing in sensing devices MoreLess

Based in Grenoble, France, GreenWaves Technologies operates as a fabless semiconductor company focused on designing ultra-low-power processors for the edge of the Internet of Things (IoT). The company was established in late 2014 by Loic Lietar, who serves as CEO, and a team of industry veterans including Denis Mestdagh and Eric Flamand. The founding team aimed to address the growing need for significant computing power in battery-operated devices without compromising energy efficiency. Initially, the company explored high-data-rate wireless connections but pivoted to focus on co-founder Eric Flamand's concept for an ultra-low-power AI processor, which gained more market traction.

GreenWaves' core business revolves around the design and sale of application processors based on the open-source RISC-V instruction set architecture. As a fabless company, it designs the chips and outsources the manufacturing to foundries like GlobalFoundries. Its revenue is generated from the sale of these processors to original equipment manufacturers (OEMs) and product designers. The company targets clients in markets that require sophisticated AI and signal processing capabilities in power-constrained environments, such as hearables, wearables, medical devices, and industrial IoT sensors.

The company's product line includes the GAP processor family, notably the GAP8 and its successor, GAP9. GAP8 was introduced as one of the first RISC-V based processors to enable AI in battery-powered IoT applications. The subsequent GAP9 processor offers a substantial improvement, delivering up to 50 GOPS of computing power at a consumption of just 50mW, a fivefold reduction in power usage compared to its predecessor. This efficiency allows for the processing of rich data sources like images, sounds, and vibrations directly on the device. GAP9 incorporates a ten-core architecture, support for transprecision floating-point arithmetic, and enhanced security features like hardware cryptography. These processors are designed to run complex machine learning algorithms, enabling features like neural network-based noise filtering, voice control, and object detection on devices with limited battery life.

Keywords: fabless semiconductor, RISC-V, edge AI, IoT processors, ultra-low-power, signal processing, hearables, wearables, machine learning, embedded solutions

Company overview

GreenWaves Technologies company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2014
Headquarters
Grenoble, France
Employees
21
Open positions
None listed
Dealroom signal
64.2
client focusb2btechnologyArtificial IntelligencetechnologyHardwaretechnologyDeep TechtechnologyMachine LearningtechnologyComputer VisiontechnologyAutonomous & Sensor TechtechnologyConnected DevicetechnologyRecognition TechnologytechnologyIoT InternetOfThingsbusiness modelManufacturingsectorFablesssectorIndustrial IoTsectorCore AI

Valuation & funding

GreenWaves Technologies funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BEquity / VC Feb 2023 $22M $88M Thales Group · Zepp Health · Innovacom · Bpifrance
EARLY VCEquity / VC Oct 2021 $0 Innovacom
SERIES AEquity / VC Feb 2019 $7.7M $31M Huami · Soitec · Huami Technology
SEEDEquity / VC Aug 2018 $1.6M $6.6M Undisclosed
SEEDEquity / VC Aug 2017 $1.8M $7M Undisclosed
GRANTOther financing Jul 2016 Horizon 2020 FET (Future and Emerging Technologies)
GRANTOther financing Nov 2015 European Innovation Council
SPINOUTOther financing Nov 2014 University of Bologna · PULSALYS
Showing 8 recorded eventsUnlock the complete deal history →

Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $612K 0% −$3M -494.7% −$3.8M -620.4%
2025 $612K 0% −$3M -494.7% −$3.8M -620.4%
2024 $612K 0% −$3M -494.7% −$3.8M -620.4%
2023 $612K +12.3% −$3M -494.7%
2022 $545K +4.3% −$3M -555.6%
2021 $522K +196.8% −$3M -579.5%
2020 $176K −$2.2M -1234.4%
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

GreenWaves Technologies website traffic

Latest recorded traffic for GreenWaves Technologies is 40 monthly website visits, down 98.3% over the last three months. GreenWaves Technologies's team declined 4.5% over the past year.

Latest monthly visits40 3-month web change-98.3% 1-year team growth-4.5%
Monthly website visits109 observations · Feb 2016–Jul 2025
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

GreenWaves Technologies compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
PropheseeDeveloped a breakthrough Event-Based Vision approach to machine vision Paris, France Operational 88 $112M $88M
GrAI Matter LabsLife-Ready edge AI processors that enable devices to behave naturally, interact meaningfully and preserve resources Paris, France Closed
KalrayFabless semiconductor company, leading provider in a new generation of processors specialized in Intelligent Data Processing from Cloud to Edger; a spin-off of CEA French lab Montbonnot-Saint-Martin, France Operational
SiPearlDesigner of microprocessors for European exascale supercomputers, with focus on HPC, AI, medical research, and energy management Maisons-Laffitte, France Operational
Scintil PhotonicsA fabless company that develops silicon photonic integrated circuits by combining Silicon and Indium Phosphide materials through wafer-scale bonding Grenoble, France Operational
UpmemUltra-efficient Processing In-Memory semiconductors for GenAI inference on mobile, AI PC and cloud Grenoble, France Operational
NcodiNNext-generation nanophotonic interconnects to overcome the data bottleneck in modern computing Palaiseau, France Operational
Innatera NanosystemsDevelops ultra-efficient neuromorphic microprocessors that mimic the brain's mechanisms for processing fast information streams from multiple sensors Rijswijk, Netherlands Operational
Showing 8 of the closest matchesCompare every metric →

Talent graph

GreenWaves Technologies's talent

Book a demo to see the people
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

12 investors on GreenWaves Technologies's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 2 investors entered at this stage
European Innovation Council
Horizon 2020 FET (Future and Emerging Technologies)
Series A 7 investors entered at this stage
Huami
Soitec
Huami Technology
Innovacom
Thales Group
Zepp Health
Bpifrance
Other known 3 additional known investors
PULSALYS
University of Bologna
Turenne Capital

Global footprint

Where GreenWaves Technologies has talent and traffic

Workforce by country
4 countries with
team presence
🇫🇷 France72.7%
🇮🇹 Italy9.1%
🇨🇳 China9.1%
🇧🇪 Belgium9.1%
4 countries shown

In the news

Latest news about GreenWaves Technologies

Recent press, funding announcements, and product moves mentioning GreenWaves Technologies — open to read from the original sources.

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Market sentiment

What the market is saying about GreenWaves Technologies

An AI-synthesized read of the highest-engagement posts about GreenWaves Technologies on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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