Wavenet Raises Nearly USD$3M in Series B Funding Round

Wavenet
The Founder and CEO of Wavenet Technology, Tim Hsu. (PRNewsfoto/Wavenet Technology)

Wavenet, a Taipei-based company which specializes in marketing technology, raised nearly USD$3m in Series B funding.

The round was led by Cornerstone Asset Holdings, a Silicon Valley fund focusing on SaaS and education.

The company intends to use the funds to expand its operations to Japan and North America, and hire more international talents to join the team, with plans to double the data analysis team.

Led by Tim Hsu, founder and CEO, Wavenet provides two major services. One is the advertising traffic service, which helps customers to buy ads on Facebook, Google, Twitter, etc. The other is SaaS service. The company developed its own Orca system, which, in combination with the technologies from other MarTech companies, allows for remarketing, audience analysis, and public opinion monitoring by customers’ members. Besides, it also provides OrcaPro system to allow for B2B clients to target global marketing activities.

In the field of advertising traffic, Wavenet has worked with domestic clients such as LG Household & Health Care and Yannick. And overseas, it has cooperated with companies like Hong Kong Gifts & premium Fair, and Au Huat Coffee (Malaysia). In terms of SaaS system, Wavenet’s clients include Chunghwa Telecom.

FinSMEs

11/08/2022