Greenwave Systems has a significant presence in the Americas, Europe and APAC with offices in California, Copenhagen, Seoul, and Singapore. The company provides its IoT solutions for companies in telecommunications, utilities, and semiconductor manufacturing industry verticals. In October 2016, the company received a funding of USD 90 million. In the past couple of years, the company adopted major development strategies, such as new product launches, partnerships and acquisitions to enhance its presence in the market. For instance, the company launched real-time edge analytics solution AXON Predict and AXON Platform for Conversational IoT to strengthen its portfolio. Moreover, the company formed a partnership with Quantenna Communications, VTech DSP Group to provide superior solutions. To strengthen its real-time IoT analytics offerings, the company acquired Predixion Software in October 2016. Such developments have helped the company to garner a position among leading market players.