Formula VC invested in Waveye

Formula VC venture fund invested 250 thousand dollars in Waveye․

Waveye is a radar imaging and AI company. It is focused on developing a new generation of mmWave radars for autonomous driving, industrial, and consumer applications.

"The perspective of mmWave radars is promising, and we are happy to support the Waveye startup," noted Karen Vardanyan, General Partner of the Formula VC venture fund.

This is the 16th startup in the portfolio of the venture fund. In total, Formula VC invested 2.5 million dollars in Armenian startups.

Formula VC is aimed at taking the talented and innovative teams through their early stage journey.Our focus is clear: supporting startups with our extensive network and resources during their crucial growth stages, empowering them to become global leaders in their domains.