Wave Engine Corporation Raises $3.5M in Financing Round
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The University of Maryland spinout, which develops next-generation jet propulsion engines and aerial vehicles, deepened its presence in Charm City after years of growth and contracts with defense agencies.
Baltimore-based North American Wave Engine Corporation has raised $3.5 million in a second seed round of investment led by Gula Tech Adventures.
North American company Wave Engine has secured a position on Eglin Wide Agile Acquisition Contract (EWAAC) of the US Air Force (USAF).