Specify is a technology company.
Specify has raised $4.0M across 1 funding round.
Specify has raised $4.0M in total across 1 funding round.
Specified Technologies Inc. (STI) is a specialized manufacturer of firestopping products and systems designed to prevent the spread of fire, smoke, and toxic fumes in building construction.[1][2][3] Headquartered in Somerville, New Jersey, with global offices, STI focuses exclusively on fire protection solutions like caulks, sealants, collars, wrap strips, grommets, and sprays, backed by over 1,300 UL-certified systems—the most in the industry.[1][3] The company serves construction segments including healthcare, offering innovative, easy-to-install products under brands like SpecSeal® and EZ-Path® that reduce costs while meeting stringent fire and smoke ratings.[1][2]
With an estimated annual revenue of $58.6M to $165.3M and around 306–456 employees, STI demonstrates steady growth, including a 5% employee increase last year, positioning it as a stable leader in the building materials sector.[2][3]
Founded around 1983 or with over 25 years of experience by that point (suggesting formalization in the late 1990s), STI emerged from founders deeply experienced in firestopping amid rising complexities in modern building construction, such as combustible penetrants.[1][2][4] The company's early focus was on healthcare partnerships, developing tailored solutions over 25 years to address complex firestopping challenges with premium, cost-effective systems.[1]
Pivotal moments include pioneering patented technologies like EZ-Path® Fire Rated Pathway and Triple S® intumescent sealants, plus digital tools such as the web-based Submittal Builder™ and System Search, which revolutionized industry workflows.[1] As an ISO 9001-certified company, STI has evolved into a global entity with representation in Latin America, Europe, the Middle East, India, Southeast Asia, and China.[1][4]
STI rides the trend of advanced building safety amid stricter fire codes, urbanization, and complex constructions with mixed combustible materials, where firestopping voids (e.g., floor-wall gaps) is critical.[1][5] Timing aligns with rising demand for perimeter fire barriers and digital BIM integration tools like Revit plugins, addressing labor shortages and compliance needs in global megaprojects.[5]
Market forces favoring STI include healthcare expansion, sustainable building mandates, and post-pandemic focus on resilient infrastructure, amplified by its worldwide presence.[1] The company influences the ecosystem by setting standards through extensive certifications, training over 1,300 systems, and tools that streamline adoption, reducing risks and costs for architects, contractors, and building owners.[1][5]
STI's trajectory points to sustained expansion in digital firestop tools and global markets, leveraging recent innovations like enhanced Revit integration and training amid 2025 newsletter updates on industry trends.[5] Emerging trends—AI-driven clash detection, green firestop materials, and megastructure booms in Asia/Middle East—will shape its path, potentially boosting revenue through operating efficiency and new patents.
As construction complexity grows, STI's singular focus cements its role as the go-to for reliable fire protection, evolving from niche innovator to indispensable ecosystem enabler, much like its foundational commitment to stopping fire at the source.[1][2]
Specify has raised $4.0M in total across 1 funding round.
Specify's investors include 360 Capital Partners, Balderton Capital, Canaan Partners Israel, Dawn Capital, Kima Ventures, LocalGlobe, Look Up Ventures, OurCrowd, Passion Capital, Point Nine Capital, Sapphire Ventures, Seedcamp.
Specify has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $4.0M Seed | 360 Capital Partners, Balderton Capital, Canaan Partners Israel, Dawn Capital, Kima Ventures, LocalGlobe, Look Up Ventures, OurCrowd, Passion Capital, Point Nine Capital, Sapphire Ventures, Seedcamp, Y Combinator, Chaim Meir Tessler, Christian Bach, Fredrik Björk, Ian Hogarth, kobi marenko, Leonard Picardo, Mathias Biilmann Christensen, Michael Pennington |