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Heatworks Technologies

Energy · Mount Pleasant, United States · Founded 2006

Manufactures water heaters for household applications in the United States MoreLess

Heatworks Technologies operates in the consumer home appliance market, focusing on developing and manufacturing advanced water heating solutions. The company was founded in 2006 by Jerry Callahan, an entrepreneur with a background in fixing and growing companies, including co-founding Blue Rhino, a propane cylinder exchange company. The idea for Heatworks emerged from Callahan's personal frustration with the inefficiency of existing electric water heaters, which he discovered used technology largely unchanged since the 1870s.

The core of the company's product line is its patented Ohmic Array Technology. This technology uses graphite electrodes and electronic controls to directly excite the natural minerals in water, heating it instantly and efficiently without traditional metal heating elements that are prone to rust and scaling. This method allows for precise temperature control, high purity, and an energy efficiency of 99%. The business model includes direct-to-consumer sales of its products and a long-term goal of licensing its core technology to partners in various industries.

Heatworks has developed several products for the residential market. The MODEL 3 is a Wi-Fi-enabled, tankless electric water heater that provides endless hot water on demand and can be controlled via a mobile app. Another significant product is the Tetra, a compact countertop dishwasher that requires no plumbing connections. Users manually add water, and it can wash up to three place settings, using significantly less water than handwashing. The Tetra also features specialized cycles for delicate items and even for washing fruit. The company also developed the DUO, a battery-operated carafe that filters and heats water instantly as it pours. In August 2022, a court in South Carolina appointed a receiver for the company. One source indicated the company was out of business as of May 2024. Keywords: Ohmic Array Technology, tankless water heater, countertop dishwasher, water efficiency, liquid heating, home appliances, direct-to-consumer, technology licensing, energy efficiency, smart appliances

Company overview

Heatworks Technologies company information

The essential company record, classifications and operating signals in one place.

Status
Closed
Founded
2006
Headquarters
Mount Pleasant, United States
Employees
12
Open positions
None listed
Dealroom signal
0.0
client focusb2csub industryWaterbusiness modelManufacturingbusiness modelMarketplace & ecommercesectorAppliancessectorWater HeatingsectorHard TechindustryEnergyindustryHome Living

Valuation & funding

Heatworks Technologies funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC Dec 2021 $2M $40M Undisclosed
LATE VCEquity / VC Aug 2020 $450K $1.8M Jeremiah Callihan · WAVE Equity Partners · Thomas Fitzpatrick · IAG Capital Partners
LATE VCEquity / VC Aug 2018 $1M $4M Undisclosed
EARLY VCEquity / VC Oct 2017 $2M $8M Undisclosed
EARLY VCEquity / VC Jul 2017 $1.1M $4.4M Undisclosed
SERIES AEquity / VC Jun 2016 WAVE Equity Partners
EARLY VCEquity / VC Nov 2015 Microsoft for Startups
GRANTOther financing Aug 2014 Undisclosed
SEEDEquity / VC Feb 2014 Undisclosed
EARLY VCEquity / VC Jan 2013 Microsoft for Startups
Showing 10 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 12
2025 12
2024 22
2023 22
2022 25
2021 30
2020 33
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Heatworks Technologies website traffic

Latest recorded traffic for Heatworks Technologies is 18K monthly website visits, up 12.5% over the last three months. Heatworks Technologies's team grew 0% over the past year.

Latest monthly visits18K 3-month web change+12.5% 1-year team growth0%
Monthly website visits64 observations · Nov 2017–Apr 2023
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Comparisons

Heatworks Technologies compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Heatworks Technologies's talent

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Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

7 investors on Heatworks Technologies's cap table

Sourced from Dealroom's funding and investor records.

Series A 3 investors entered at this stage
South Carolina Research Authority
Microsoft for Startups
WAVE Equity Partners
Series B+ 3 investors entered at this stage
Jeremiah Callihan
Thomas Fitzpatrick
IAG Capital Partners
Other known 1 additional known investor
Unreasonable Group

Global footprint

Where Heatworks Technologies has talent and traffic

Workforce by country
2 countries with
team presence
🇮🇳 India50%
🇲🇽 Mexico50%
2 countries shown

In the news

Latest news about Heatworks Technologies

Recent press, funding announcements, and product moves mentioning Heatworks Technologies — open to read from the original sources.

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Market sentiment

What the market is saying about Heatworks Technologies

An AI-synthesized read of the highest-engagement posts about Heatworks Technologies on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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