Environmental Technology / Waste Management / Water Treatment
Strategic Profile
374Water is a global industrial technology and services company focused on wastewater treatment and waste management for industrial, municipal, and federal markets. In February 2026, the company appointed Daniel Bogar as President and Chief Executive Officer with three new board directors, signaling a new phase of commercialization.
Cyborg Score Rationale
2024 revenue was $445,445 with losses of $12.43 million, representing significant operational challenges despite being a commercialization-stage company. The company projects 2025 revenue of approximately $4.0 million and forecasts 2026 revenue of $6-8 million based on current bookings. Early-stage technology with limited revenue traction.
Top Insights
Waste Destruction Services deployment began November 2025 with North Carolina AFFF contracts and PFAS destruction projects across multiple states, demonstrating regulatory momentum.
As of September 30, 2025, cash was $0.9 million with a $7.0 million ATM providing runway into Q2 2026.
The company operates with only 27 employees as of February 23, 2026, suggesting early-stage operations.
The company serves municipal, Department of Defense, Department of Energy, Federal Aviation Agency, waste management, and industrial manufacturing customers.
Named Competitors
Waste Management Services — Large-scale waste management and disposal
Energy Recovery Services — Waste-to-energy and environmental solutions
Recent Developments
(February 2026) Daniel Bogar appointed CEO with three new board directors joining leadership team
(November 2025) Waste Destruction Services deployment with North Carolina AFFF treatment contracts initiated
(September 2025) $7.0 million ATM funding secured to extend cash runway into Q2 2026
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