WATTER SECURES $5 MILLION SEED ROUND FUNDING LED BY HUNT INNOVATIVE TECHNOLOGIES AND 17SHOALS INC.; TECHNOLOGY TO USE WASTE HEAT FROM COMPUTE DEVICES TO HEAT WATER IN HOMES AND BUSINESSES

DALLAS, March 5, 2025 /PRNewswire/ -- WATTER, a groundbreaking company reimagining compute efficiency through energy repurposing, has successfully closed a $5 million seed round led by Hunt Innovative Technologies and 17Shoals Inc. The funding commitment marks a key milestone as WATTER spins out from Hunt Innovative Technologies, positioning itself to scale its revolutionary distributed compute model to use waste heat from compute devices to heat water in residential homes and commercial properties.

James Hancock, former NASA Data Scientist, Founder of Parasanti, and entrepreneur, will serve as WATTER's CEO, bringing deep expertise in edge computing, energy markets, and scalable product innovation.

Hunt Innovative Technologies, a subsidiary of Hunt Energy, has played a pivotal role in incubating WATTER, and its leadership remains a key part of the company's vision.

"We are excited to see the team at WATTER enter this next stage as an independent startup with strong capital backing to provide advanced compute horsepower in a unique environmental and grid stability enhancing way," said Todd Benson, Chief Innovation Officer for Hunt Innovative Technologies.  "We feel confident that the WATTER solution solves a significant challenge facing humanity today by delivering support for accelerating AI compute demands while bringing economic value to homeowners and businesses alike."  

"WATTER is revolutionizing the intersection of computing and energy efficiency, and I could not be more excited to be part of this journey," said Hunter Hunt, CEO of Hunt Energy.  "By turning wasted heat into a valuable resource, WATTER not only reduces grid demand but also enhances resiliency and unlocks a new, sustainable model for energy utilization. This is the kind of innovation the energy industry has been waiting for."

"I am very excited about our new venture, WATTER. I am looking forward to its positive impact in commercial markets and local communities. I am so excited to see a technology that solves environmental and grid infrastructure challenges, while relieving financial pressure on economically challenged homeowners," said Tracey Maynor of 17Shoals.

"The compute market is at an inflection point, with demand surging and energy constraints becoming a critical challenge. WATTER's model not only improves energy efficiency but also redefines the economics of distributed compute," said James Hancock, CEO of WATTER.  "This funding enables us to deploy more prototypes, validate our technology for scale, and position WATTER as the most energy-efficient compute solution available."

With this funding, WATTER will focus on scaling pilot deployments, securing key partnerships, and laying the foundation for future expansion as it prepares for a Series A raise. For additional information, visit https://watter.com.

Media Contact:  Paul Schulze, 214-978-8534, [email protected]

SOURCE Hunt Energy