[1][2] Waves Audio was founded in October 1992 by Gilad Keren and Meir Sha'ashua in Tel Aviv, Israel.

[4][5] 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.

[6] Record producer Tony Maserati said of early Waves software, "[they] were the only plugins [that were] quality and they were creative.

Technologies from the Maxx brand have been used in products including computers, laptops, smartphones, VoIP and portable loudspeaker systems from companies such as Dell,[24] Toshiba,[25] Sony, Oppo, OnePlus,[26] Sanyo, JVC, and Altec Lansing.

[27][28] The technology generates a three-dimensional virtual audioscape that allows users to "detect which direction sounds are coming from.

Waves Maxx partnerships include Google, Dell, LG, Acer, Fitbit, Qualcomm, and Intel.

Additionally, Waves Nx technology for 3D audio is available in gaming headphones and other devices by Acer, and Audeze.

"[3] In 2010, Waves Audio was involved in two lawsuits regarding intellectual property infringements and illegal use of its software.