HyperBorean, a company founded by entrepreneur Todd Gentry and based at Wichita State University, has completed its first round of financing with $2.1 million in angel investment.
Gentry founded the company in 2013. He has worked to create an air conditioning compressor that converts waste heat into a power source for cooling.
He has been working with WSU's GoCreate makerspace on the development of the compressor.
“WSU and GoCreate have been an absolute game changer in our ability to get to this stage,” Gentry said in a news release. “Without these resources, the cost of prototyping and testing would have been 10-20 times more than what we’ve invested. It’s just been incredible to have these resources available.”
Gentry has also been working with WSU Ventures and WSU's Small Business Development Center. He named Josh Oeding, president and CEO of the e2e Accelerator and founder and managing member of Accelerate Venture Partners as a funder.
The compressor uses a heat source, like solar power, to convert energy to cool structures without the need to tap into the power grid.
The next step for the company is to display the prototype at the World Future Energy Summit in Abu Dhabi.
Gentry's Inno-Labs was named to the Kansas Technology Enterprise Corporation Pipeline fellowship program in 2008.
