HyperBorean reduces the energy costs for air-conditioning by providing off-grid air conditioning which allows for greater resiliency at installations that have mission-critical cooling needs during grid failures. HyperBorean's technology also increases the lifespan of legacy refrigeration equipment by reducing its daily run time. One of our customer's greatest pain points is losing cooling at remote sites due to grid failure or equipment failure. The second greatest pain point is the cost of energy used for cooling. HyperBorean's solution addresses both in addition to allowing for more agile deployment of refrigeration solutions.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 12/18/19 | $2,100,000 | Pre-Seed |
Landmark Angels Precocity Capital | undisclosed |
