WaveMaker

What WaveMaker does

WaveMaker is a private enterprise software company, subsidiary of Pramati Technologies since its 2013 acquisition from VMware, that sells an agentic AI-powered application development platform. The company's core product is a hybrid IDE that combines a visual canvas, natural-language agentic prompts, and a deterministic markup-to-code engine built on a two-pass code generation architecture. The first pass uses AI agents powered by Anthropic's Claude to convert Figma designs and natural-language inputs into a tech-stack-agnostic intermediate markup layer; the second pass deterministically converts that markup into production-ready code in Angular, React, or React Native frameworks. The architecture is designed to deliver enterprise-grade code quality, predictable LLM costs, and zero runtime lock-in by generating standard open-source frameworks that customers own outright.

The product portfolio extends beyond the core IDE into several sub-products: WaveMaker AutoCode, WaveMaker UI Kit, and CoPilot for AI-accelerated development; WaveXD as a 5G-integrated application marketplace pre-wired with Nokia Network APIs; React Native Studio for cross-platform mobile development; and TestDrive as a white-label trial app for AT&T's MVNx ecosystem. The platform targets large enterprises and growth-focused mid-market organizations (up to $3B annual revenue) in regulated industries including financial services, banking, energy, supply chain, and telecommunications, with named customers including Nokia, Blue Yonder, Colruyt Group, and FIS.

Revenue is generated through enterprise platform licensing (subscription/recurring), professional services delivered via a strategic Accenture implementation partnership, and customization engagements for industry-specific compliance such as HIPAA or financial services regulation. Go-to-market combines direct enterprise field sales with a major channel partnership through Accenture for global delivery, supplemented by self-serve product trials at wavemaker.ai for early adopters. The company is headquartered in Plano, Texas with R&D operations in Hyderabad and Bengaluru, India.

Name

WaveMaker

Legal name

WaveMaker, Inc.

Website

https://wavemaker.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

WaveMaker sells an agentic AI application development platform that uses a two-pass architecture combining Anthropic Claude-powered agents with deterministic code generation to produce Angular, React, and React Native applications for enterprises in financial services, telecom, supply chain, and retail.

Ownership category

akta.pro rank

Product category

Low-Code Application Development Platform

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Low-Code/No-Code Application Platforms (HDAEAKAA)

akta.pro secondary industries

AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ), Agents & Autonomous Workflows (Tool Use, Planning, Multi-Agent) (HDAAACAF)

Keywords

• Low-code development platform
• Agentic AI code generation
• Enterprise application development
• Design to code
• 5G application marketplace

Headquarters

HQ city

Plano

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Licensing: Enterprise licensing model for the agentic application generation platform, targeting organizations with annual revenue up to $3 billion. Revenue generated through platform subscriptions and usage-based pricing for AI code generation capabilities.
2. Professional Services: Implementation and consulting services delivered through Accenture partnership for application modernization engagements.
3. Enterprise Customization: Custom AI agent development for industry-specific compliance requirements such as HIPAA for healthcare or financial services regulations.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

WaveMaker sells an agentic AI-powered enterprise application development platform that combines a hybrid developer studio (visual canvas, agentic prompts, and code editor) with a two-pass code generation architecture. The first pass uses Claude-powered AI agents to convert Figma files and natural language prompts into a tech stack-agnostic intermediate markup; the second pass deterministically converts that markup into production-ready code in Angular, React, or React Native. Complementing the platform are sub-products for AI-assisted code generation, UI kits, an AI co-pilot, a 5G-integrated application marketplace (WaveXD), and a React Native mobile studio.

Product overview

WaveMaker is an agentic AI-powered application development platform that operates as a unified platform-plus-modules architecture. The core offering is the Agentic AI Application Generation System (also referred to as WaveMaker Studio), a hybrid IDE combining visual canvas, agentic prompts, and deterministic code generation. Supporting modules include WaveMaker AutoCode, WaveMaker UI Kit, and WaveMaker CoPilot for AI-powered development acceleration, WaveXD for 5G-integrated application marketplace, React Native Studio for cross-platform mobile development, and TestDrive for white-label MVNO trials. The platform generates standard open-source frameworks (Angular, React, React Native) that customers own completely, differentiating through zero runtime lock-in.

Differentiator

Problem solved

Functional benefit

Brands

• WaveXD: 5G-integrated application marketplace providing ready-to-use prefab components pre-wired with 5G Network APIs from Nokia and other providers, enabling simplified integration of 5G-driven features in applications such as financial fraud prevention, asset monitoring, and on-demand quality-of-service capabilities.
• WaveMaker AutoCode
• WaveMaker UI Kit
• CoPilot
• React Native Studio
• TestDrive

Products and services

• Agentic AI Application Generation System Hybrid IDE platform combining visual canvas, agentic prompts, and a deterministic markup-to-code engine that delivers enterprise-quality applications at predictable LLM costs using a two-pass code generation methodology. Targeted at enterprise software development teams.
• WaveMaker Studio Hybrid developer studio environment where developers can switch between agent, visual, and editor modes to review and refine AI-generated code. Configurable to organizational ecosystems and serves as the primary IDE surface for the platform.
• WaveXD 5G-integrated Application Marketplace 5G-integrated application marketplace providing ready-to-use prefab components pre-wired with 5G Network APIs from Nokia and other providers, enabling simplified integration of 5G-driven features such as financial fraud prevention, asset monitoring, and on-demand quality-of-service capabilities.
• WaveMaker AutoCode AI-powered code generation offering that accelerates application development using automated code creation capabilities within the WaveMaker platform.
• WaveMaker UI Kit AI-powered UI component kit providing pre-built design components and design token management for consistent application styling across enterprise projects.
• WaveMaker CoPilot AI assistant feature that augments and accelerates development projects by providing intelligent suggestions and automation during the development process.
• React Native Studio Low-code development platform enabling web developers familiar with JavaScript to build native iOS and Android mobile applications from a single codebase using React Native technology, releasing apps up to three times faster.
• TestDrive White-Label Trial App White-label try-before-you-buy mobile app designed for AT&T's MVNx ecosystem, enabling MVNOs to offer trial experiences to potential customers and deliver custom mobile app experiences for influencer MVNOs.

Quantifiable outcome

• 30% cost savings reported by enterprise customer Colruyt Group
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• KXcoreStrategic or Co-development Partner · 1 May 2026Partnership to develop agentic AI trading workflow environments for front-office operations, targeting financial services institutions seeking AI-powered trading workflow automation.
• AccenturecoreImplementation/ SI/ Consulting Partner · 21 April 2026Strategic collaboration to help growth-focused organizations (up to $3B annual revenue) modernize applications using agentic AI technology. Partnership combines Accenture's global software engineering expertise with WaveMaker's 2-pass code generation platform to reduce development time, lower implementation costs, and help organizations build secure, scalable web and mobile applications.
• NokiacoreTechnology or Integration · 1 March 2025WaveXD 5G-integrated application marketplace pre-wired with Nokia's 5G Network APIs. Nokia's Network Monetization Platform unit actively uses WaveMaker for AI-native software development, with joint award recognition at Juniper Research Future Digital Awards.
• Blue YondercoreTechnology or Integration · 1 January 2025Blue Yonder actively uses WaveMaker to support extensibility in supply chain solutions with AI-enabled capabilities, demonstrating platform suitability for supply chain management applications.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• OutSystems: OutSystems is a leading enterprise low-code application development platform with AI-assisted development features, serving regulated industries with similar architecture-first and code-ownership propositions; it is the most direct competitor to WaveMaker's enterprise low-code core.
• Mendix: Mendix (a Siemens business) is a direct low-code platform competitor targeting enterprise application development with strong AI-assisted development capabilities, comparable customer segments in financial services and regulated industries, and similar emphasis on architectural governance.
• Appian: Appian is an enterprise low-code/process automation platform with AI agents and process-focused development, competing directly for the same banking, insurance, and public-sector modernization deals that WaveMaker targets with its architecture-first agentic platform.
• Retool: Retool is a low-code platform focused on building internal enterprise tools and dashboards with AI-assisted development, competing for similar developer-led enterprise application builds and overlapping on the React/Angular code-output proposition.

Broad incumbents

• Microsoft Power Apps: Microsoft Power Apps is the dominant low-code platform bundled into the Microsoft 365 / Dynamics ecosystem; it competes for the same enterprise application development budget as WaveMaker but with vastly broader distribution and native integration into enterprise identity and data.
• ServiceNow App Engine: ServiceNow offers a low-code application engine within its broader workflow platform, competing for enterprise app development budgets with strong incumbency in regulated industries; relevant due to overlap in regulated-industry modernization use cases.
• Pega (Pegasystems): Pegasystems is an established low-code CRM and case management platform serving financial services and telecom — verticals where WaveMaker targets modernization deals — making it a relevant incumbent competitor for enterprise application modernization budgets.

Emerging players

• GitHub Copilot / Cursor: AI-native coding assistants (GitHub Copilot, Cursor, Cognition Devin) represent the emerging category of AI-first code generation that competes for the same enterprise developer mindshare and budget as WaveMaker's agentic application generation platform.
• Builder.ai: Builder.ai is an AI-assisted application development platform targeting rapid custom app delivery for enterprises and SMBs, with comparable AI-driven code generation and product-led motion; relevant as a more AI-native emerging competitor to WaveMaker.
• Bubble: Bubble is a no-code web application builder with growing AI features, competing for the lower-end of WaveMaker's target market (mid-market up to $3B revenue) where organizations may opt for fully no-code over agentic AI generation.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/WaveMaker
• GitHubgithub.com/wavemaker/docs
• YouTubeyoutube.com/channel/UCQXjfhBWpBiqpXol_WGh71A
• LinkedInlinkedin.com/company/wavemaker
• Facebookfacebook.com/wavemakersoftware

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WaveMaker