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HERMEUS

Netfigo Verdict
on Hermeus

Four aerospace engineers in Atlanta are building planes that fly at 3,800 mph. Mach 5. New York to London in 90 minutes. Sam Altman invested personally. Khosla Ventures invested. The US Air Force is paying for development. Hermeus has already test-fired its Chimera engine — a hybrid turbine/ramjet that transitions between modes in a single unit. The engineering challenges are staggering: at Mach 5, the aircraft's skin reaches 1,000+ degrees Fahrenheit. But if Hermeus solves it, they will have built something the Concorde only dreamed about. The Concorde flew at Mach 2 and went bankrupt. Hermeus wants to fly at Mach 5 and make money. The audacity is the product.

Founded

2018

HQ

Atlanta, Georgia

Total Raised

$175 million

Founder

AJ Piplica, Glenn Case, Skyler Shuford, Mike Smayda

Status

Private

THE ORIGIN STORY

AJ Piplica and his co-founders, all former aerospace engineers at Generation Orbit and SpaceX, founded Hermeus in Atlanta in 2018 with a bold thesis: hypersonic flight is achievable with existing materials and engineering if you rethink the engine architecture. Their Chimera engine is a turbine-based combined cycle (TBCC) engine that operates as a turbine at low speeds and transitions to a ramjet at hypersonic speeds — all in one unit.

The US Air Force awarded Hermeus contracts to explore hypersonic applications.

WHAT THEY ACTUALLY DO

Hermeus is building hypersonic aircraft — planes that fly at Mach 5+ (5x the speed of sound, roughly 3,800 mph). The eventual goal: New York to London in 90 minutes instead of 7 hours.

The company started with a defense focus — developing hypersonic drone technology for the US Air Force. Revenue comes from government contracts and R&D funding.

Hermeus has successfully test-fired its Chimera engine, which combines a turbine and ramjet into a single unit.

THE PRODUCTS

Chimera Engine (turbine-based combined cycle hypersonic engine), Quarterhorse (unmanned hypersonic testbed), Darkhorse (autonomous hypersonic drone)

HOW THEY GREW

Start with defense (hypersonic drones for the Air Force), then transition to commercial hypersonic passenger travel. The military applications fund R&D and prove the technology.

Commercial aviation — flying passengers at Mach 5 — is the long-term vision but is likely a decade or more away. Sam Altman (OpenAI CEO) personally invested, signaling that AI will play a role in managing hypersonic flight systems.

THE HARD PART

The physics are brutal. Flying at Mach 5 generates extreme heat — the aircraft's skin reaches over 1,000 degrees Fahrenheit.

Materials, cooling systems, and structural integrity at those speeds are engineering problems that decades of government research have not fully solved. Hermeus also needs to prove the Chimera engine can operate reliably over thousands of hours, not just test firings.

MONEY TRAIL

Seed

2019 · Led by

$3M raised

Series A

2021 · Led by

$16M raised

Series B

2022 · Led by

$100M raised

Series C

2024 · Led by

$56M raised

WHO BACKED THEM

Khosla Ventures, Sam Altman (personal), Bling Capital, US Air Force

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