HyperSciences’ hypersonic blaster technology can be used to send projectiles up into the air, or down into rock — either way, the Spokane, Wash.-based startup says things are looking up.
The company’s unorthodox SeedInvest securities offering has raised more than $3 million so far. “We are actually on our way toward the full $10 million,” HyperScience CEO and founder Mark Russell told GeekWire. The SeedInvest effort builds on $3 million in previous investments, including support from the Washington Research Foundation, Kick-Start II, Cowles Company and The Toolbox.
Thanks to the fresh funding, about 10 employees are being added in Spokane as well as in Austin, Texas.
Why set up an HQ2 in Austin? It’s near the site where HyperSciences is getting ready for a rock-blasting demonstration of its HyperDrill device. “It looks like a reasonable site for us,” said Russell, who’s a veteran of the Seattle startup scene as well as Amazon billionaire Jeff Bezos’ Blue Origin space venture.