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Angel Investor (Group)
jumpstartnj.com

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Investments

43

Portfolio Exits

4

About JumpStart NJ Angel Network

Formed in November 2002, Jumpstart is a NJ-based private, member-led, angel group that invests in early-stage technology companies in the Mid-Atlantic region. From its early days, the group has relationships with the New Jersey Technology Council (NJTC) and New Jersey Economic Development Authority (EDA). Jumpstart angels invested primarily in early-stage companies with significant intellectual property.

JumpStart NJ Angel Network Headquarter Location

1001 Briggs Road Suite 280

Mount Laurel, New Jersey, 08054,

United States

856.813.1440

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Latest JumpStart NJ Angel Network News

Deepwave Digital Raises $3 Million to Develop Software Defined Radios for Deep Learning RF Applications

Dec 29, 2020

December 29, 2020 Deepwave Digital , a leading developer of integrated hardware/software solutions to improve the performance of wireless systems using deep learning, has raised $3 Million in seed funding from Northrop Grumman , Jumpstart NJ Angel Network, Robin Hood Ventures, Ben Franklin Technology Partners, and Lehigh Valley Angel Investors. Deepwave Digital provides enterprise-level sensor solutions for a wide range of radio frequency (RF) and wireless system companies. Their software-defined technology merges traditional processes with the latest advances in artificial intelligence (AI) and deep learning to solve the most challenging problems in telecommunications, spectrum management, defense, and aerospace. This investment adds to the $1.2M previously raised by the company. Deepwave's Artificial Intelligence Radio Transceiver (AIR-T) product line has shown to be a valuable asset for a wide range of aerospace and defense applications including cognitive radio, signal detection, classification, and localization. Deepwave Digital is working with Northrop Grumman to integrate its technology and innovations in edge compute AI into an array of sensor systems which improve capabilities and longevity. "We're evolving the way we think and the way we work, to use emerging commercial technologies to provide our warfighters the most advanced capabilities more quickly," said Chris Daughters, Vice President of Research, Technology and Engineering, Aeronautics Systems, Northrop Grumman. "Our partnership with Deepwave Digital combined with our advanced autonomy expertise will enhance the agility, speed, and affordability our customers expect." In addition to supplying core technologies to the aerospace and defense markets, Deepwave is playing a critical role in the development of the 5G Citizens Broadband Radio Service (CBRS) . CBRS is a shared spectrum network that changes the traditional methods of spectrum allocation by allowing the 3.5 GHz band to be simultaneously utilized by both existing federal users and commercial services such as private LTE. CBRS has the potential to transform local wireless networks as much as the development of Wi-fi and has resulted in nearly $4B raised at auction in new FCC spectrum licenses to date. Deepwave's AIR-T hardware, combined with their Radar Signal Classifier (RSC) neural network are being used as the Environmental Sensing Capability (ESC) sensor in the Key Bridge Wireless CBRS network. This sensor provides customers in a wide area the ability to know when priority users are present and efficiently share spectrum. According to Jesse Caulfield, CEO of Key Bridge Wireless, "Deepwave's AI-based receiver technology coupled with the Key Bridge's ESC service provides a robust solution to detect the presence of priority users in the 3.5 GHz band. Our advanced signal detectors were recently certified by the US Government with a 100% success rate. The deep learning approach also reduces false alarms and contributes to a trusted, stable spectrum sensing capability." Deepwave Digital is located in Philadelphia, Pennsylvania (USA) and develops integrated hardware/software solutions to improve the performance of wireless systems using deep learning. Deepwave's AIR-T product line offers customers the most user-friendly software defined radio for implementing neural networks within wireless radios. Share this article:

JumpStart NJ Angel Network Investments

43 Investments

JumpStart NJ Angel Network has made 43 investments. Their latest investment was in Deepwave Digital as part of their Seed VC on November 11, 2020.

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JumpStart NJ Angel Network Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/19/2020

Seed VC

Deepwave Digital

$3M

Yes

2

8/27/2018

Seed - II

NeuroFlow

$2.28M

Yes

3

12/31/2014

Angel - II

SpeechTrans

$1.03M

No

4

12/9/2014

Series A

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$99M

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10

8/8/2014

Series B

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$99M

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10

Date

11/19/2020

8/27/2018

12/31/2014

12/9/2014

8/8/2014

Round

Seed VC

Seed - II

Angel - II

Series A

Series B

Company

Deepwave Digital

NeuroFlow

SpeechTrans

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Amount

$3M

$2.28M

$1.03M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

2

3

4

10

10

JumpStart NJ Angel Network Portfolio Exits

4 Portfolio Exits

JumpStart NJ Angel Network has 4 portfolio exits. Their latest portfolio exit was United Silicon Carbide on November 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/3/2021

Acquired

$99M

15

4/2/2019

Acquired

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$99M

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10

10/5/2018

Acquired

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$99M

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10

9/30/2015

Acquired

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$99M

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10

Date

11/3/2021

4/2/2019

10/5/2018

9/30/2015

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

15

10

10

10

JumpStart NJ Angel Network Team

2 Team Members

JumpStart NJ Angel Network has 2 team members, including current Investment Partner, Sergei Kovalenko.

Name

Work History

Title

Status

Kenneth Kay

Founder

Current

Sergei Kovalenko

Investment Partner

Current

Name

Kenneth Kay

Sergei Kovalenko

Work History

Title

Founder

Investment Partner

Status

Current

Current

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