Waves' L1 Ultramaximizer, released in 1994, became a prominent plugin, with some publications pointing to it as contributing to the ' loudness war' behind modern music mastering. The Q10 was the audio industry's first commercially available audio plugin. Later that year, Waves released its first product, the Q10 Paragraphic Equalizer. Waves Audio was founded in 1992 by Gilad Keren and Meir Sha'ashua in Tel Aviv, Israel.
In 2011, Waves won a Technical Grammy Award. The company's corporate headquarters and main development facilities are located in Tel Aviv, with additional offices in the United States, China, and Taiwan, and development centers in India and Ukraine. is a developer and supplier of professional digital audio signal processing technologies and audio effects, used in recording, mixing, mastering, post production, broadcast, and live sound.