InnoWave invests 1 million euros in generative artificial intelligence strategy
Through its new NEXT strategy, the Portuguese tech company aims to reach a turnover of 50 million euros by 2028.
InnoWave, the Portuguese technology company, is investing 1 million euros in Generative Artificial Intelligence (GenAI) to accelerate its digital transformation by integrating AI across its service offering and driving forward its NEXT strategy. With this innovative plan, InnoWave aims to achieve a turnover of 50 million euros by 2028.
Launched this year, the NEXT strategy is designed to speed up the adoption of artificial intelligence within the company by strengthening internal capabilities, optimising processes, and fostering an innovation ecosystem. Built on six pillars—talent, ecosystem, customer value, operational excellence, governance, and communication—the approach seeks to embed AI across every area of the business. It is already being implemented, with impact visible in the internal development of talent and AI-based solutions, as well as active collaboration with clients, its own start-up ecosystem, and technology partners.
“In the past two years, the tech industry has experienced significant disruption that directly impacted our business. We had already been investing in AI initiatives for some time, but the emergence of Generative AI accelerated this transformation. A year ago, we began assessing the impact of this revolution on InnoWave and realised the need for a structural shift in our business model. With NEXT, we are making InnoWave more agile, efficient, and prepared for sustainable growth, using GenAI to increase the productivity of all InnoWavers, supporting every task the team undertakes today—from ideation and project management to analysis, architecture, software development, and testing. This investment is essential to strengthen our leadership and deliver even greater value to clients and partners,” says Tiago Gonçalves, CEO of InnoWave.
In 2024, InnoWave recorded a turnover of 22 million euros, 60% of which was generated outside Portugal, driven by projects in telecommunications, financial services, and energy sectors. This year, the company expects to reach a global turnover of 26 million euros, fuelled by stronger growth in the US market. With a management team already established in the country, the US is expected to account for 27% of InnoWave’s total revenue in 2025.
To ensure an effective transition to a more AI-driven working environment, the company is investing in upskilling its workforce through internal training programmes and strategic partnerships, ensuring teams have the skills needed to use and integrate this technology into their daily operations. “Technological innovation isn’t just about access to tech—it’s also about the ability to attract and develop highly qualified talent. Real success lies in having the right people, with the right training, to solve customer problems,” adds Tiago Gonçalves.
Among the key technological initiatives of the NEXT strategy is AgentWave, a platform of AI agents being developed to optimise all stages of the software development lifecycle—from requirements analysis and architecture to development and testing. Created to support internal teams, this tool ensures greater quality, security, and speed in delivering solutions to InnoWave’s clients.
