Acquisition led by BVC CEO Chris Barton is rooted in the loss of his daughter, Alexis Christine Barton, and his commitment to preventing drowning across every type of water environment
DALLAS, Sept. 16, 2026 /PRNewswire-PRWeb/ -- Barton Venture Capital ("BVC") today announced it has signed a definitive agreement to acquire the assets of Wave Systems Inc. ("WAVE") in a strategic purchase led by BVC CEO Chris Barton. The acquisition brings WAVE under Barton's direct leadership and sets the company on a new path: building a comprehensive, AI-powered drowning prevention platform that combines wearable and camera-based technology to protect swimmers across clear and dark water — from commercial pools and public waterfronts to residential backyards. WAVE's Board of Directors and ninety shareholders have approved the transaction which is scheduled to close in the next several weeks.
For Barton, the acquisition is personal.
"In 2003, I lost my daughter Alexis in a lakefront drowning accident. That day is what eventually led me to WAVE, and it's what drives this acquisition today," said Chris Barton, CEO of BVC. "As a technology entrepreneur for more than 35 years, my goal is to rapidly expand WAVE with powerful AI tools that give every public pool, camp, lake, waterfront and home pool the tools to prevent the kind of tragedy my family experienced — so other families don't have to carry what we carry."
Barton first became involved with WAVE in 2024 as a board member and BVC investor and was named CEO in 2025. He led the company's transition to an affordable, subscription-based, hardware-as-a-service model — GUARDian℠ — built around wearable IoT devices worn by swimmers and lifeguards. Today, WAVE is the largest digital assistive lifeguard technology provider in North America, with systems deployed across 40 U.S. states and Canada.
A Platform for Every Body of Water
Barton's vision is to grow WAVE into a comprehensive, AI-driven assistive lifeguard platform for every type of water environment. Building on WAVE's existing wearable IoT technology, the company is now adding AI-powered, camera-based systems for commercial pool operators and residential pools. The goal is a single, one-stop platform that brings modern drowning detection technology to any body of water — whether professionally staffed or largely unsupervised.
New AI Camera-Based Safety Solution
As part of this expanded mission, WAVE has introduced WAVE Vision℠, an AI camera-based solution that supports lifeguards and monitor swimmers in real time. Paired with Wade, WAVE's AI-powered prompting assistant, pool operators can use voice or typed commands to query recorded video for lifeguard and swimmer performance, safety compliance, and other activity on and around the pool deck.
DROWNING STATISTICS
Drowning is the #1 cause of accidental injury-related death for children under the age of five. It is the #2 cause for ages 1-14. The CDC says in swimming pools, Black children ages 10-14 years drown at rates 7.6 times higher than White children.
Drowning Facts | Drowning Prevention | CDC.
About Barton Venture Capital
Barton Venture Capital is led by Chris Barton, a technology entrepreneur and investor whose career spans building and backing companies across some of today's most consequential sectors, including SaaS, artificial intelligence, nuclear energy, water technology, quantum computing, healthcare, and telecommunications. Barton brings an operator's perspective to every investment, having built and sold technology businesses himself before turning to investing and helping other founders scale theirs. Through BVC, he continues to identify and grow technology companies solving significant, real-world problems — most recently with the acquisition of Wave Systems Inc. to build a comprehensive, AI-powered platform to end preventable drowning.
About Wave Systems Inc.
Wave Systems Inc. ("WAVE") is the largest digital assistive lifeguard technology provider in North America, with systems deployed across 40 U.S. states and Canada. WAVE's products protect swimmers in both clear and dark water using wireless IoT wearables and AI-powered, camera-based solutions. Under new ownership, WAVE is expanding into a full-scale drowning detection platform serving commercial and residential pool applications nationwide, with plans for continued international expansion.
Media Contact
Chris Barton, Managing Partner
Barton Venture Capital
210 S. Galena St. Ste 25
Aspen, CO 81611
1 9707422000
SOURCE BARTON VENTURE CAPITAL
Share this article