Helix Earth Technologies, a Houston, TX-based hardware company providing clean tech solutions, raised $5.6M in Seed funding.
The round was led by Veriten, with participation from Anthropocene Ventures, Semilla Capital, and others including individual investors from venture capital and private equity firms.
The company intends to use the funds to accelerate the development and deployment of its first hardware technology designed to improve a portion of the commercial air conditioning market. In addition to its commercial air conditioning solution, Helix Earth is innovating solutions for commercial humidity control and carbon capture.
Led by Rawand Rasheed, PhD, co-founder and CEO, and co-inventor of the NASA technology exclusively licensed to the company, which was spun out of Rice University and has been incubated at Greentown Labs in Houston since 2022, Helix Earth invented new technology to save astronauts’ lives in the event of a fire on board spacecraft. Leveraging technology developed for NASA, this commercial air conditioner add-on technology, now in pilot phase, aims to save up to 50% of the net energy used in commercial air conditioning.
The company has also secured grant funding from the National Science Foundation and the US Department of Energy.
