The Venture Codex

Participated · Seed · Oct 2024

Founded in 2020, HEN Technologies has engineered fire-suppression nozzles that boost suppression rates up to 300 % while cutting water use by 67 %. The firm has expanded its line to monitors, valves, overhead sprinklers, pressure devices and the forthcoming Stream IQ flow-control and discharge-control systems, all containing custom circuit boards and, in some cases, Nvidia Orion Nano processors. These devices stream real-time data—such as flow, pressure, GPS location and weather—into HEN’s cloud platform, giving incident commanders granular insight into water usage and operational conditions. The company has filed 20 patent applications (with six granted) and employs about 50 people drawn from Adobe, NASA, Tesla, Apple and Microsoft. Commercial traction includes 1,500 fire-department customers, sales to the Marine Corps, US Army bases, NASA and Abu Dhabi Civil Defense, distribution through 120 resellers and shipments to 22 countries. After launching products in Q2 2023, HEN generated $200 k that year, grew to $1.6 m in 2024 and $5.2 m last year, and is projecting $20 m in revenue this year. The rapidly expanding installed base is building a unique data lake that the company plans to monetize via predictive-analytics applications beginning next year.