Sphere Technologies

Company Overview

Snapshot

Founded in January 2020 by Yair Suued and Aryeh Fox, Sphere Technologies operates with 1–10 employees. The company has raised $650K across two funding rounds from three investors. In September 2022, Sphere Technologies secured funding from ESIL and the Israel Innovation Authority.

Business overview

Sphere Technologies develops heat-rejection technology for efficient and environmentally friendly condenser systems. The company's core technology involves coating heat exchangers with a microlayer of water to transfer heat to the open environment, which reduces outside temperature and improves system efficiency. Sphere Technologies aims to help homes, businesses, and buildings worldwide lower operating costs and significantly reduce the environmental footprint of their cooling and refrigeration needs. The company operates within the Energy Tech sector, focusing on energy consumption and efficiency, and serves markets including data centers, commercial, and residential real estate.

Company Intelligence Q&A

When was Sphere Technologies founded?

Sphere Technologies was founded in January 2020 by Yair Suued and Aryeh Fox.

What is Sphere Technologies' primary focus?

Sphere Technologies focuses on developing heat-rejection technology for efficient and environmentally friendly condenser systems, aiming to reduce operating costs and environmental impact for cooling and refrigeration needs.

How much capital has Sphere Technologies raised to date?

Sphere Technologies has raised a total of $650K in capital.

Which investors participated in Sphere Technologies' September 2022 funding round?

In September 2022, Sphere Technologies received funding from ESIL and the Israel Innovation Authority.

What is the core technology behind Sphere Technologies' solution?

Sphere Technologies' core technology involves coating heat exchangers with a microlayer of water to facilitate heat transfer to the open environment, which enhances system efficiency by reducing outside temperatures.