HyperSciences develops a hypersonic propulsion system that fires a projectile at roughly five times the speed of sound to enable suborbital launches (HyperDrone) and downward penetration for deep geothermal drilling (HyperDrill). The company leverages a Reg A equity crowdfunding strategy and research grants to maintain autonomy rather than taking traditional venture capital. HyperSciences has received grant funding including a $125,000 NASA Small Business Innovation Research award and a $1 million award from Shell’s GameChanger program. Its technology recently passed a launch milestone tied to a small business grant with NASA. The company plans a field demo of its drilling technology for Shell this summer and will use the new funding to support additional field testing and advance its business plan toward sustainability. HyperSciences describes its Reg A process as a path toward the public markets that requires sufficient maturity and capital to meet SEC requirements.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2019