Founded in 2018 and based in Seoul, South Korea, Wave Lifestyle Tech, doing business as WAVE, is a food tech company that manufactures kitchen material…
Founded in 2018 and based in Seoul, South Korea, Wave Lifestyle Tech, doing business as WAVE, is a food tech company that manufactures kitchen material pretreatment, storage devices, and kitchen automation robots based on AI technology. The company was renamed Wave Lifestyle Tech from Avokado Lab in 2022. In May 2023, WAVE raised KRW 4 billion in series A funding from Lighthouse Combined Investment, Shinhan Venture Investment, Signite Partners, Spring Camp, and Shinhan Capital. As of 2022, Kim Beom-jin is the CEO of the company. The company offers OutNow, a kitchen operation service with more than 50 professional chefs from hotels and buffets, as well as technology for complex operations in which robot kitchen SW and robot modules perform some of the kitchen's simple and repetitive tasks. The firm's partners include Vertex, Better Than Waffle, Shaibana, Oven Maru, Chicken Maru, ASAP Pizza, Owl Tonkatsu, and more. The company will use the May 2023 funding to further develop robot-related core technologies and increase talent headcount.
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