Diligence memo · auto-generated · as of July 2, 2026
Aerwave, Inc.
Aerwave, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Aerwave, Inc. operates in Telecommunications, based in Magnolia.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Aerwave, Inc. has raised $29M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $18M on 2022-09-20.
Most recent recorded round closed around 2024-02-29.
Valuation (modeled)modeled
Provath models Aerwave, Inc. at approximately $78M (range $27M–$148M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.57× the median modeled value of Series B Telecommunications companies in 2022–2024 (21 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 2.3 yr ago; this sector typically re-raises about every 10 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 1.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 82% of Telecommunications peers (929 compared).
Modeled value ranks above 67% of those peers.
Closest niche peers: Atento S.A., Towerthree Wireless del Ecuador S.A., Canela Media Inc, ResultsCX Cayman Private Ltd, BlueNet Technologies Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.