Complex sentence: Aware was incorporated in 1986 in Cambridge, Massachusetts, at which time it was envisioned by its founders as a "mathematical engineering company" focused on commercializing mathematical innovations, and wavelets in particular.
Split into simpler sentences: Aware was incorporated in 1986 in Cambridge, Massachusetts. At the time of its founding, the company was envisioned as a "mathematical engineering company" focused on commercializing mathematical innovations, and wavelets in particular.