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Wave Computing
What Does Wave Computing Do?
Wave Computing was a U.S.-based processor technology company focused on developing AI-accelerating Dataflow Processing Units (DPUs). After filing for Chapter 11 bankruptcy in 2020, its assets, including its AI IP portfolio, were acquired by MIPS Technologies in 2021. MIPS, historically known for its RISC architecture, has since re-emerged as an independent AI company, leveraging Wave's technology to develop innovative AI processors and RISC-V based solutions. The company aims to deliver high-performance, power-efficient AI processing for a variety of applications, from edge devices to data centers, effectively continuing and evolving Wave Computing's original mission under the MIPS brand.
Where Is Wave Computing's Headquarters?
HQ Function
Serves as the primary center for MIPS' research and development in AI and RISC-V processor technology, corporate strategy, engineering, and global operations, incorporating the legacy of Wave Computing's AI innovations.
Notable Features:
Modern office facilities designed to foster collaboration and innovation, equipped with advanced labs for processor design, simulation, and testing.
Work Culture:
An agile, innovation-driven environment characterized by a strong engineering focus on cutting-edge AI and processor architecture. The culture encourages creative problem-solving and collaboration as MIPS charts its new course in the AI hardware landscape.
HQ Significance:
The Santa Clara headquarters is pivotal for MIPS' strategy to lead in the AI and RISC-V processor market, leveraging Silicon Valley's talent pool and tech ecosystem. It represents the fusion of MIPS' established processor expertise with Wave Computing's advanced AI technology.
Values Reflected in HQ: Innovation, technical excellence, ambition in the AI sector, and a commitment to open standards like RISC-V.
Location:
Under MIPS, the technology and vision originating from Wave Computing are supported by a global footprint. This includes key operations and engineering centers in North America (USA) and strategic offices in Asia (e.g., China, Taiwan) to support R&D, sales, and customer engagement in critical technology markets worldwide, particularly for AI and embedded systems.
Street Address:
3970 Freedom Circle, Suite 200
City:
Santa Clara
State/Province:
California
Country:
USA
Where Else Does Wave Computing Operate Around the World?
Shanghai, China
Address: Specific address not publicly listed; typically business district focused.
To engage directly with customers and partners in Asia, supporting design-ins and providing technical assistance for MIPS' AI and RISC-V solutions.
Hsinchu, Taiwan
Address: Specific address not publicly listed; likely within a science park or tech hub.
Serves as an important R&D and support center, facilitating collaboration with semiconductor foundries, ODMs, and OEM partners in Taiwan.
Buying Intent Signals for Wave Computing
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
Who's Leading Wave Computing? Meet the Executive Team
As of April 2025, Wave Computing' leadership includes:
Who's Investing in Wave Computing?
Wave Computing has been backed by several prominent investors over the years, including:
What Leadership Changes Has Wave Computing Seen Recently?
Following MIPS' re-launch and strategic pivot towards AI, leveraging Wave Computing's assets, the primary significant leadership change was the appointment of Desi Banatao as CEO in early 2023. The company has since focused on solidifying its team for growth. No other major public announcements of executive hires or exits have been noted in the immediate last 12 months, suggesting a period of stabilization and execution.
New Appointments:
What Technology (Tech Stack) Is Used byWave Computing?
Discover the tools Wave Computing uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Wave Computing Email Formats and Examples
While Wave Computing's original email format is obsolete, MIPS Technologies, which acquired Wave's assets, likely uses common corporate email patterns. These typically involve combinations of first name, last name, and initials.
[first_initial][last]@mips.com (e.g., jdoe@mips.com) or [first].[last]@mips.com (e.g., jane.doe@mips.com)
Format
dsmith@mips.com or desi.banatao@mips.com
Example
70%
Success rate
What's the Latest News About Wave Computing?
Business Wire • January 25, 2023
MIPS Announces New Leadership with Appointment of Desi Banatao as CEO
MIPS, a leading developer of high-performance RISC-V compute IP, today announced the appointment of Desi Banatao as chief executive officer (CEO) to lead the company in its next phase of growth in the automotive and enterprise markets....more
MIPS News • June 13, 2023
MIPS Appoints Brad Holtzinger as Chief Financial Officer
MIPS announced the appointment of Brad Holtzinger as Chief Financial Officer (CFO). Holtzinger will lead MIPS’ global finance organization and be responsible for all aspects of the company’s finance, accounting, and investor relations....more
MIPS News • December 5, 2023
MIPS Delivers Industry’s First RISC-V IP Cores with Out-of-Order Performance and Multi-threading for High-Performance, Real-Time Compute
MIPS announced the availability of its new MIPS eVocore P8700 and I8500 multiprocessor IP cores, the first MIPS products based on the RISC-V open instruction set architecture (ISA) standard....more
EE Times • March 1, 2021
MIPS Buys Wave AI Assets to Re-Enter the Processor Fray
MIPS has acquired the assets of bankrupt AI startup Wave Computing, including its MIPS architectures and licenses, and its AI IP. The new independent company, also to be called MIPS, said it is well-funded and aims to focus on developing a new industry-leading standards-based processor architecture for the heterogeneous computing era....more
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