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HyperSciences

Spokane, US · Founded 2014 · 3 known investors

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HyperSciences develops a hypersonic accelerator engine aimed at mining and tunneling applications. The company applies high-speed projectile technology to excavation and boring in these industries.

Construction TechDeep TechHardware

Founders & leadership

HyperSciences was founded in 2014 by Mark Russell.

MRMark Russell
Mark RussellFounder · CEOMark Russell is an engineer and pilot who leads HyperSciences, which develops hypersonic accelerator engine technology for mining and tunneling applications.
MCMichelle Carbon
Michelle CarbonCFO and General Counsel2020–2025Michelle Carbon is an executive officer at HyperSciences, which develops hypersonic accelerator engines for mining and tunneling. She has prior experience in legal services and business development.

Board

MM
Michael McSherryBoard director
CR
Charles RussellBoard director

Investors · 3

Milkbox Partnerslisted by Milkbox PartnersNew York

How we know: Milkbox Partners's portfolio page · Not right? Tell us

The W Fundlisted by The W FundSeattle · $500K

How we know: The W Fund's portfolio page · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$7M disclosed across 11 of 13 rounds · 2015–2025

▶$5MofferedJul 2025 · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Michael McSherryDirector
  • Charles RussellDirector
  • Mark RussellExecutive Officer, Director
Offering amount
$5M
Minimum investment
$20K
Proceeds to insiders
$200K
Incorporated
Corporation, Delaware
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$80KraisedJan 2025 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Charles RussellDirector
  • Michael McSherryDirector
  • Mark RussellExecutive Officer, Director
  • Michelle CarbonExecutive Officer
Offering amount
$5M
Amount sold
$80K
Minimum investment
$20K
Proceeds to insiders
$475K
First sale
Dec 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$240KraisedFeb 2024 · 1 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Michael McSherryDirector
  • Charles RussellDirector
  • Michelle CarbonExecutive Officer
  • Mark RussellExecutive Officer, Director
Offering amount
$5M
Amount sold
$240K
Minimum investment
$20K
Sales commissions
$250K
Proceeds to insiders
$200K
Placement agents
Digital Offering LLC
First sale
Feb 2024
Incorporated
Corporation, Delaware
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$40KraisedDec 2023 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Charles RussellDirector
  • Stephanie KosterDirector
  • Mark RussellExecutive Officer, Director
  • Michelle CarbonExecutive Officer
  • Michael McSherryDirector
Offering amount
$5M
Amount sold
$40K
Minimum investment
$10K
Sales commissions
$250K
Proceeds to insiders
$136K
Placement agents
Digital Offering LLC
First sale
Dec 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$110KraisedJun 2023 · 3 investors · Telecommunications
Rule 506(c)
Officers, directors & promoters on the filing
  • Mark RussellExecutive Officer
  • Charles RussellDirector
  • Michelle CarbonExecutive Officer
  • Mike McSherryDirector
Offering amount
$5M
Amount sold
$110K
Minimum investment
$10K
Proceeds to insiders
$50K
First sale
May 2023
Incorporated
Corporation, Delaware
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$100KraisedMar 2023 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michelle CarbonExecutive Officer
  • Mike McSherryDirector
  • Charles RussellDirector
  • Mark RussellExecutive Officer, Director
Offering amount
$750K
Amount sold
$100K
Minimum investment
$25K
Proceeds to insiders
$25.5K
First sale
Feb 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$551.3KraisedJan 2023 · 10 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Michelle CarbonExecutive Officer
  • Charles RussellDirector
  • Mike McSherryDirector
  • Mark RussellExecutive Officer, Director
Offering amount
$2.5M
Amount sold
$551.3K
Proceeds to insiders
$292.5K
First sale
Mar 2022
Incorporated
Corporation, Delaware
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$260KraisedSep 2021 · 13 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Michelle CarbonExecutive Officer
  • Michael McSherryDirector
  • Mark RussellExecutive Officer, Director
  • Charles RussellDirector
Offering amount
$10M
Amount sold
$260K
First sale
Sep 2021
Incorporated
Corporation, Delaware
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 2

HypergiantHypergiant develops AI-enabled software platforms that process data and deliver actionable intelligence for rapid decision-making, serving Fortune 500 companies and government agencies. The platform provides visualization and analysis capabilities across strategic and tactical levels for mission-critical operations.
Nasdaq Private MarketNasdaq Private Market operates infrastructure for private-company securities, offering liquidity programs (tender offers, buybacks, auctions), a secondary marketplace for accredited investors to buy and sell pre-IPO shares and funds, market data and intelligence, patented settlement technology, and capital-raising solutions. It serves private companies, employee shareholders, institutional and individual investors, and banks/brokers.

Companies working in the same space as HyperSciences.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
NASAPhase I2018$124.3K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

HyperSciences (dba General Hypersonics) Achieves World-First Rocketless Ram-Accelerated Mach 3+ Launch and "Space Dart" Separation Under DoD Contractfinance.yahoo.com · Sep 2025HyperSciences pushes ahead to next stage of blaster technology (and fundraising)geekwire.com · Jun 2020

Frequently asked questions

What does HyperSciences do?
HyperSciences develops a hypersonic accelerator engine aimed at mining and tunneling applications. The company applies high-speed projectile technology to excavation and boring in these industries.
Who founded HyperSciences?
HyperSciences was founded by Mark Russell in 2014.
Who are HyperSciences's investors?
HyperSciences's investors include Cowles Ventures, Milkbox Partners, The W Fund.
How much funding has HyperSciences raised?
HyperSciences has disclosed $7M raised across 11 of its 13 known rounds.
Where is HyperSciences headquartered?
HyperSciences is headquartered in Spokane, US.