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Wavex Technology provides managed IT services, specializing in cybersecurity, Microsoft 365, Azure, and AI-augmented operations. It delivers proactive, security-first IT advice, project implementation, and continuous support. Services encompass online backup, data recovery, monitoring, and robust security, leveraging certified expertise to optimize client technology.
Founded in 1998 by Gavin Russell, Wavex Technology originated from Russell's extensive experience with enterprise IT challenges. His three decades in technology revealed the critical need for businesses to transform IT from a liability into a strategic asset, inspiring him to establish a firm dedicated to proactive, expert IT management.
Wavex Technology primarily serves London businesses, particularly in financial and professional services. Its vision simplifies client IT through "Forward Thinking IT™," blending human expertise and AI for reliable, useful technology. This approach prioritizes data security, operational compliance, and business efficiency, fostering technological resilience.
Wave-X has 5 tracked investments across 4 companies. The latest tracked deal is $100.0M Series C in Dexory in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2025 | Dexory | $100.0M Series C | Raluca Ragab | Atomico, Capnamic Ventures, DTCP, Lakestar, FON, Bootstrap Europe, Elaia, Endeavor Catalyst, Latitude Ventures, LTS Investments |
| Sep 1, 2025 | HappyRobot | $44.0M Series B | Base10 Partners | Andreessen Horowitz, Array Ventures, Bain Capital Ventures, Adeyemi Ajao, Fika Ventures, M13, Monochrome Capital, Portage Ventures, Urban Innovation Fund, Y Combinator, Allen Gannett, A16z Scout Fund, Tokio Marine, World Innovation LAB, Testmunk |
| Jun 1, 2025 | RIIICO | $5.0M Seed | PI Labs | Gradient Ventures, Aaron King, Gabriel Jarrosson, Jawed Karim, Pete Koomen, Earlybird Venture Capital, Seed + Speed Ventures, Volvo Cars |
| Sep 1, 2024 | Dexory | $80.0M Series B | — | Atomico, Capnamic Ventures, DTCP, High Tech Gründerfonds, Iris Capital, Lakestar, Jonas Rieke, Maximilian Hasler, FON, Bootstrap Europe, Latitude Ventures |
| Nov 17, 2021 | The Luupe | $3.0M Seed | Wave X | Jenny Lefcourt |
