StatX

StatX is a technology company.

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Updated: Mar 22, 2026 ·

About

Stat-X develops advanced aerosol fire suppression systems, leveraging sophisticated technology to detect and extinguish fires rapidly. Its core product offers a clean, efficient fire control method, providing an alternative to traditional water-based or gaseous solutions. These systems are designed for critical protection across various challenging environments.

Fireaway Inc. commercializes Stat-X technology, founded by experienced fire protection professionals. While specific founder details are not publicly available, the company emerged from an insight into the market's need for superior, environmentally responsible fire suppression. This deep industry expertise drives its innovative product development.

Stat-X systems serve critical industrial applications demanding robust, reliable fire safety. The company envisions leading the aerosol fire suppression sector by continually delivering innovative and dependable solutions. Its mission is to safeguard assets and ensure operational continuity in high-risk environments worldwide.

Recent News & Mentions

Mar 1, 2017FundingStatX - Seed

Financial History

StatX has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in March 2017.

Total Raised

$3.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Lead Investors	Other Investors
Mar 1, 2017	$3.0M Seed		Investus Capital Partners, Liquid 2 Ventures, NGP Capital, Signia Venture Partners, Workday Ventures

Financial History

StatX has raised $3.0M across 1 funding round.

Total Raised

$3.0M

Valuation

N/A

Deep Dive

Stat-X is a technology company (product brand of Fireaway Inc.) that builds compact condensed‑aerosol fire‑suppression systems for industrial, transportation and energy applications, with broad global approvals and growing adoption in hard‑to‑protect spaces such as wind nacelles, battery enclosures and vehicle engine bays[6][5].

High‑Level Overview

Concise summary: Stat‑X (manufactured by Fireaway Inc.) produces electrically and thermally actuated condensed‑aerosol generators and sensors that deliver automatic, low‑maintenance fire suppression without piping or large gas stores, targeting special‑hazard protection in constrained or remote installations[6][5].- For an investment firm (not applicable): Stat‑X is a product company rather than an investment firm; below is company‑focused information.- For a portfolio/portfolio‑company style overview:
What product it builds: Condensed‑aerosol fire suppression generators (Stat‑X®) and complementary sensing/monitoring products (UltraSense), designed as total‑flooding or local generator installations[6][5]. - Who it serves: Industrial operators, energy storage and battery manufacturers, wind turbine/O&M, marine and transportation OEMs, data centers and other special‑hazard customers worldwide[3][4][6]. - What problem it solves: Provides effective early‑stage fire suppression in spaces where traditional gaseous or water systems are impractical, expensive, or environmentally constrained — e.g., small enclosures, remote turbines, battery containers, vehicle engine bays[4][6]. - Growth momentum: Stat‑X has accumulated substantial certifications and global approvals, reports hundreds of thousands of generators deployed (company milestone >250,000 generators), expanded product lines (UltraSense sensors) and ongoing international certification activity that supports continued adoption[5][6].

Origin Story

Founding and background: Fireaway Inc. was founded in 2005 to commercialize condensed‑aerosol technology; Stat‑X is the company’s core product line developed to apply that technology to special hazard fire protection[5].- Founders / leadership: Public materials identify Fireaway/Stat‑X leadership (e.g., Lance Harry previously noted as President/CEO in industry pieces) and more recent executive appointments such as Gonzalo Lopez Davila as CEO noted in company history updates[5][4].- How the idea emerged: The company pursued condensed‑aerosol chemistry and generator packaging as an alternative to legacy gaseous agents and water‑based systems, targeting applications where piping, maintenance, or environmental restrictions limit conventional solutions[5][4].- Early traction / pivotal moments: Early regulatory approvals and certifications (UL, various national maritime and safety authorities), rapid uptake in bus and vehicle protection programs, and milestones such as ULC/EN certifications, coast guard and classification society approvals helped scale adoption[5][3].

Core Differentiators

Compact, modular hardware — generators require no piping or large agent storage, simplifying retrofit and OEM integration into small enclosures and remote equipment[6][4].- Condensed‑aerosol chemistry — designed to suppress fires effectively while offering a lower‑footprint, maintenance‑light alternative to gaseous agents and water systems[5][6].- Broad approvals & certifications — multiple international listings and certifications (UL, EU standards, maritime and national bodies) that make the product acceptable across industries and geographies[5][3].- Long service life and low maintenance — manufacturer claims of multi‑year service life and minimal upkeep compared with pressurized gas systems[3][6].- Evolving product ecosystem — expansion into continuous monitoring / early detection (UltraSense sensors) to pair detection and suppression for improved reliability and predictive maintenance[5][6].

Role in the Broader Tech Landscape

Trend alignment: Stat‑X rides the growth in electrification, energy storage, remote/edge assets (wind turbines, telecom shelters, EV fleets) and heightened regulatory/environmental pressure on traditional fire suppressants[4][6].- Why timing matters: As Li‑ion battery systems and distributed power assets proliferate, demand for compact, OEM‑friendly and environmentally responsible suppression grows; supply chain and maintenance constraints for remote assets increase appeal of simple, robust solutions[4][6].- Market forces in their favor: Restrictions on certain gaseous agents, emphasis on sustainability, and rising insurance/regulatory scrutiny around battery and vehicle fires create openings for alternative technologies[5][4].- Influence on ecosystem: By enabling manufacturers (OEMs) to integrate suppression directly into products and assemblies, Stat‑X lowers barriers for safer deployment of electrified systems and can shift design norms toward onboard, modular protection[4][6].

Quick Take & Future Outlook

Near term: Continued international certification and expanded OEM partnerships (e.g., energy storage, wind, transportation) and adoption of UltraSense monitoring should drive steady deployments; production scale and distribution will be key to meeting demand[5][6].- Medium term trends shaping trajectory: Wider electrification, stricter fire‑safety codes for battery systems, and insurer/regulator preferences for proven, low‑maintenance solutions will favor compact, certified suppression systems like Stat‑X[4][5].- Risks and constraints: Competition from other clean‑agent technologies, evolving regulatory standards, and the need to demonstrate performance across diverse applications under real‑world conditions will determine pace of market share gains[5][6].- How influence might evolve: If Stat‑X continues to accumulate certifications and OEM integrations while adding smart sensing (UltraSense) and service offerings, it could become a standard option for embedded fire protection in many electrified and remote applications — closing the loop between detection, suppression and lifecycle monitoring[5][6].

Quick take (one line): Stat‑X is a matured condensed‑aerosol fire‑suppression platform with broad approvals and OEM traction that is well positioned to grow as electrification and demand for compact, low‑maintenance fire protection accelerate[5][6].

Sources: company site and history, industry profiles and product coverage[6][5][4][3].

Sources

Frequently Asked Questions

How much funding has StatX raised?

StatX has raised $3.0M in total across 1 funding round.

Who are StatX's investors?

StatX's investors include Investus Capital Partners, Liquid 2 Ventures, NGP Capital, Signia Venture Partners, Workday Ventures.