WAVi

WAVi

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Private Company

Total funding raised: $5.9M

Overview

WAVi is a private, commercial-stage company offering a turnkey, FDA 510(k)-cleared EEG system for clinical use as an aid to diagnosis. Its core product, the WAVi Scan EEG system, combines a portable headset with proprietary software to deliver rapid (4-minute) evoked response tests and standard EEG readings, alongside integrated cognitive assessments. The company targets clinicians seeking objective neurological data to refine diagnoses, track intervention efficacy, and improve patient communication. WAVi operates on a hardware/software sales model with recurring revenue from disposable electrodes.

NeuroscienceMental Health

Technology Platform

Integrated FDA-cleared EEG hardware and software platform for rapid (4-minute) evoked response testing, standard EEG, and cognitive assessments. Features a portable 10-20 system headset, proprietary analysis software with customizable reports, and EDF export capability.

Funding History

2
Total raised:$5.9M
Series A$4.7M
Seed$1.2M

Opportunities

The growing demand for objective biomarkers in mental health and neurology creates a large market for accessible brain assessment tools.
Expansion into new clinical protocols and potential partnerships with healthcare systems or pharma for treatment monitoring offer significant growth avenues.

Risk Factors

Key risks include competition from larger medical device firms, slow adoption by clinicians due to workflow integration challenges, and potential difficulties securing insurance reimbursement for the scans.
Technical execution and maintaining a top-tier support system are also critical.

Competitive Landscape

WAVi competes in the digital EEG and brain health assessment market against traditional, complex EEG systems and a growing number of simplified, clinical-grade EEG devices. Its primary differentiators are its FDA clearance as an aid-to-diagnosis, rapid 4-minute evoked response test, and turnkey, clinician-friendly design aimed at non-specialists.