Heatworks
Heatworks is a privately-held, founder-led company founded in 2006 in Mount Pleasant, South Carolina, that designs and supplies electric liquid heating products for residential, commercial, and industrial applications.
- Company typePrivate
- Founded2006
- HeadquartersMount Pleasant, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Heatworks does
Heatworks is a privately-held, for-profit company headquartered in Mount Pleasant, South Carolina, founded in 2006 by Jerry Callahan, who continues to serve as Founder and CEO. The company designs and supplies electric liquid heating products serving residential, commercial, and industrial end markets, with a product portfolio positioned around innovative water and liquid heating appliances.
The company's go-to-market and technical model is sparsely documented in the available data. Heatworks has no disclosed headcount beyond a 1-10 employee range and a small named leadership team (Founder/CEO Jerry Callahan, Director of Engineering Shafi Keisler, and General Manager Dave Modeen). The firm is associated with a website at myheatworks.com, indicating an active direct-presence channel, and the company self-describes its offering as electric liquid heating products for three end-market segments, implying either a multi-channel OEM/distributor/retail mix or a horizontally-positioned product platform.
From a capital and operations perspective, Heatworks has been funded across at least 8 discrete rounds since 2012, including a 2012 seed from South Carolina Research Authority, three non-dilutive engagements with the Microsoft Accelerator program (2013, 2014 Seattle, 2015), a 2014 priced round of $2,000,000, a 2016 round of $5,000,000 led by WAVE Equity Partners, and two follow-on rounds in 2017 totaling $3,100,000. No additional financing has been disclosed since October 2017. Total disclosed funding is approximately $10.3M. There is no disclosed revenue, customer roster, patent portfolio, or pricing model, and the overall signal is that of a sub-scale, founder-led hardware business that has not raised institutional growth capital in over seven years.
Heatworks firmographics
Firmographics- Name
- Heatworks
- Website
- https://myheatworks.com
- Company type
- Private
- Founded year
- 2006
- Headcount range
- 1–10 employees
- Short description
- Heatworks is a privately-held, founder-led company founded in 2006 in Mount Pleasant, South Carolina, that designs and supplies electric liquid heating products for residential, commercial, and industrial applications.
- Ownership category
- akta.pro rank
Heatworks industry classification
Industry- Product category
- Electric Water Heating
- NAICS
- Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)
- SIC
- Electric Housewares & Fans (3634)
- akta.pro primary industry
- Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)
- akta.pro secondary industries
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)
Keywords
Where Heatworks is headquartered
LocationHeadquarters
- HQ city
- Mount Pleasant
- HQ country
- United States
- HQ region
- North America
Markets served
Heatworks business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales
Heatworks product offering
Product offeringCore offering
Heatworks designs, manufactures, and sells innovative electric liquid heating products — primarily tankless / on-demand electric water heaters — for residential, commercial, and industrial applications. Its portfolio is built around a proprietary electrode-based electric heating approach rather than conventional resistive-element heating.
Differentiator
Problem solved
Functional benefit
Companies that use Heatworks
Customer profileIdeal customer profiles3 records
Heatworks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Heatworks partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights3 records
Heatworks competitors and assessment
Company assessmentBroad incumbents
- Bosch Thermotechnology: Bosch Thermotechnology produces a wide range of heating and hot water solutions, including electric and gas water heaters, competing with Heatworks in residential and commercial segments.
- Rheem: Rheem is a large incumbent manufacturer of residential and commercial water heaters (tank, tankless, gas, electric, heat pump), offering overlapping capabilities with Heatworks as part of a much broader HVAC and water heating portfolio.
- Tempco Electric Heater Corporation: Tempco designs and manufactures industrial process heating elements and systems, comparable to Heatworks' industrial electric liquid heating applications though broader in scope.
- A. O. Smith: A. O. Smith is a major global water heater and boiler manufacturer with extensive residential and commercial lines, representing a broad incumbent competitor to Heatworks' electric heating focus.
- Bradford White: Bradford White manufactures water heaters, boilers, and storage tanks for residential and commercial markets, overlapping with Heatworks in water heating technology and customer base.
Direct peers
- Stiebel Eltron: Stiebel Eltron manufactures electric tankless water heaters and electric heating products for residential and commercial use, competing head-to-head with Heatworks on technology and channels.
- Eemax: Eemax produces electric tankless water heaters, particularly for point-of-use and commercial applications, overlapping directly with Heatworks' commercial and industrial electric liquid heating focus.
- EcoSmart: EcoSmart specializes in electric tankless water heaters for residential and light commercial applications, making it one of the closest direct competitors to Heatworks' electric on-demand heating platform.
- Keltech: Keltech manufactures electric instantaneous water heaters for industrial and commercial process applications, a comparable use case to Heatworks' industrial electric liquid heating positioning.
- Rinnai: Rinnai is a leading manufacturer of tankless water heaters for residential and commercial use, directly overlapping with Heatworks' core electric liquid heating offering in both technology and end customer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat1 record
Key risks5 records
Key highlights5 records
Customer concentration
Heatworks social profiles
Digital presenceHeatworks financial estimates
Financial estimateRevenue estimate
Valuation estimate
Heatworks leadership team
Management profileNumber of profiles
Profiles3 records
Heatworks funding detail
Funding detailFunding overview
Funding rounds8 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Heatworks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Heatworks
What does Heatworks do?
Heatworks designs, manufactures, and sells innovative electric liquid heating products — primarily tankless / on-demand electric water heaters — for residential, commercial, and industrial applications. Its portfolio is built around a proprietary electrode-based electric heating approach rather than conventional resistive-element heating.
When was Heatworks founded?
Heatworks was founded in 2006. It employs 1 to 10 people.
Where is Heatworks based?
Heatworks is headquartered in Mount Pleasant, United States, in the North America region.
Who are Heatworks's main competitors?
Broad incumbents on record are Bosch Thermotechnology, Rheem, Tempco Electric Heater Corporation, A. O. Smith and Bradford White. Direct peers are Stiebel Eltron, Eemax, EcoSmart, Keltech and Rinnai.
Does Heatworks have an API?
No public API is recorded for Heatworks.
What industry is Heatworks in?
Heatworks's product category is Electric Water Heating. Its primary akta.pro industry code is IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment, with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 333414 and its SIC code is 3634.