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Sapphire Technologies

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Developing and manufacturing energy recovery systems that harness the power of gas expansion to produce reliable and clean electricity

Cypress, United StatesFounded 2005Energy
Valuation $100–250M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Sapphire Technologies and the history behind them.

About Sapphire Technologies

Sapphire Technologies, founded in 2020 and formerly known as Sapphire Clean Technologies, operates within the clean technology and energy production sectors. The company is a subsidiary of Calnetix Technologies. It was established by a team of clean technology specialists who identified an opportunity to recover energy lost during gas pressure reduction processes in the oil and gas industry. Freddie Sarhan, the CEO, brings extensive experience in sales management, business development, and global operations from the aviation and energy industries, driven by a passion for creating technological solutions to environmental challenges. The company's mission is to reduce the global carbon footprint while generating financial returns for its clients.

The core business of Sapphire Technologies is manufacturing energy recovery systems for industrial applications involving hydrogen and natural gas. These systems capture energy that is typically wasted when gas pressure is reduced, converting it into clean electricity without disrupting industrial operations. The electricity generated can be used on-site or sold back to the grid. This process helps clients enhance efficiency, boost productivity, lower carbon emissions, and reduce electricity costs. The company serves a global market, with key partnerships and projects in the United States and Japan, and plans to expand into South America and the Middle East. Its client base includes major energy infrastructure companies like Tallgrass, CNX Resources, Marathon Petroleum, Chevron, and Equinor.

The company's flagship product is the FreeSpin® In-line Turboexpander (FIT). This system integrates a high-speed turboexpander with a synchronous permanent-magnet generator. A key feature is the use of non-contact active magnetic bearings, which levitate the dynamic components, minimizing energy consumption and eliminating the need for maintenance associated with traditional bearings. The hermetically sealed, flow-through design uses the process gas itself to cool the generator's components. The system is designed for hazardous environments and can handle high-pressure differentials and cryogenic temperatures, particularly in hydrogen applications. Each unit can generate up to 2.6 GWh of clean energy annually, offsetting 2,000 tons of CO2e emissions. The company has secured significant venture capital, including a $10M Series A in 2021 and a $10M Series B in 2023, to accelerate commercialization and increase production.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2005
Headquarters
Cypress, United States
Employees
28
Open positions
14
Dealroom signal
55.3/100
Industry
Energy
Sub-industry
Clean Energy, Waste Solution
Sector
Energy, Waste Reduction, Sustainable Development Goals, Climate Tech, Waste Heat Recovery, Hard Tech
Business model
Manufacturing
Client focus
B2B

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Sep 2025 $18M $72M Equinor Ventures · Cooper and Company · Mitsubishi Heavy Industries · Energy Capital Ventures ↗
SERIES B✓Equity / VC Aug 2023 $10M $40M Equinor Ventures · Cooper and Company · Marathon Petroleum · Energy Capital Ventures ↗
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Growth signals

Sapphire Technologies website traffic

Latest recorded traffic for Sapphire Technologies is 4.5K monthly website visits, up 60.7% over the last three months. Sapphire Technologies's team grew 7.7% over the past year.

Latest monthly visits4.5K 3-month web change+60.7% 1-year team growth+7.7%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Sapphire Technologies in the Cypress ecosystem

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Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

  • Cooper and Company
  • Equinor Ventures
  • Chevron Technology Ventures
  • Energy Capital Ventures
  • Marathon Petroleum

Series B and later1 investor entered at this stage

  • Mitsubishi Heavy Industries
Team profiled 4 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.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States95.7%
🇩🇰 Denmark4.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Sapphire Technologies on X, ranked by likes and reposts, corporate channels excluded.

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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