Tech Company Financing Transactions
Hephae Energy Technology Funding Round
Hephae Energy Technology, based in Spring, received $17.8 million from Susquehanna International Group, alfa8 and BARUCH Future Ventures.
Transaction Overview
Company Name
Announced On
7/10/2026
Transaction Type
Venture Equity
Amount
$17,800,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the commercial deployment of its advanced drilling systems to expand the frontier of depth, heat, and drilling speed.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
21617 Rhodes Rd
Spring, TX 77388
USA
Spring, TX 77388
USA
Phone
Website
Email Address
Not Recorded
Overview
Hephae Energy Technology is a global leader in ultra high temperature technology. From drilling and completions to subsurface evaluation, ultra high temperature electronics are critical across the full life cycle of geothermal, enabling access to deeper and hotter rocks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Krase
Chief Technical Officer
John Clegg
Chief Technical Officer
Pete Harvey
President
Andy Bruce
Vice President
Matt White
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