Holden Forrest and Mike Pierson are the founders of HiberTec Homes, who entered Shark Tank with futuristic and highly innovative ideas that immediately caught the Sharks’ attention. Both founders experienced devastating wildfire destruction in California, where over 16,000 homes were burned in a single year.
Mike Pierson shared that it was extremely difficult and frustrating to deal with such a devastating fire situation. This experience pushed him and his partner, Holden Forrest, to develop a unique solution instead of relying on traditional home safety methods.
That’s where the innovation of HiberTec Homes came into being. This idea introduced the concept that homes can lower themselves underneath in just 15 minutes to protect themselves from tornadoes, wildfires, and other natural disasters. They used advanced technology and a hydraulic system to control it through a smartphone app.
They appeared on Shark Tank seeking $1 million for 8% equity for their company, whose valuation is $12.5 million. Their motive was not just to introduce this concept to the market, but to give a unique solution to a real-time problem with their high-tech safety solution.
In this article, we will discuss their sales, market competition, backstory, and whether they secured the deal or not.
HiberTec Homes Net Worth 2026
Holden Forrest and Mike Pierson went on Shark Tank asking for $1 million for 8% of their company. This meant they valued HiberTec Homes at about $12.5 million. They secured a deal with Barbara Corcoran for $1 million for 20% equity in their company, with the condition that they would build her home first. After the show aired, HiberTec Homes gained national attention for its underground disaster-resistant home concept, continued promoting its patented wildfire and tornado protection technology, and stayed active in the custom luxury home market, although public sales and large-scale expansion figures remain limited. With Shark Tank exposure, Barbara Corcoran’s backing, and the value of its patented home safety system, HiberTec Homes’ current net worth in 2026 is estimated to be between $2 million and $4 million.
Did HiberTec Homes Get a Deal on Shark Tank?
Yes, HiberTec Homes successfully secured a deal on Shark Tank. At the beginning, they were seeking $1 million for 8% equity, but they got an offer from Barbara, which was $1 million for 20% equity, with the condition that they had to build her home first.
They hesitated at the start but accepted the offer when they realized that they did not have many options. So they accepted the deal.
HiberTec Homes Shark Tank Deal Table
| Shark(s) Name | Offer & Demand | Accepted? |
| Barbara Corcoran | $1,000,000 for 20% equity+ with the condition that she wanted they built their house first | Yes |
| Lori Greiner | Out | No |
| Kevin O’Leary | Out | No |
| William | Out | No |
| Daymond | Out | No |
Founders’ Backstory
Holden Forrest, with his partner Mikke Pierson, entered Shark Tank with the idea of HiberTec Homes. From the start, Holden was the one who wanted to build homes that provide proper safety to the people. Then they mentioned that they witnessed excessive wildfires, which caused the burning of 16,000 houses.
They saw that families lost their homes and properties overnight, which turned their idea into an emotional perspective, and they introduced their company. The idea of building a company that helps homeowners lower their costs and protect themselves is simple yet highly innovative.
They wanted to combine technology with advanced engineering innovation to solve a real-world problem, which was advanced, not just another fire-resistant alarm or material. This was something that completely showed the concept of how homes respond to disaster.
This idea was unique and simple: to introduce a technology with advanced engineering to provide peace of mind to homeowners.
HiberTec Homes Shark Tank Pitch
The founders started their pitch by highlighting the major crisis of growing wildfires in California. They mentioned that traditional fire resistance was not enough, and that’s why a lot of houses are burned during wildfires.
And here the solution came into the market, which makes the house able to hide itself underneath when a natural disaster happens.
They highlighted how the system works, with high and advanced hydraulic engineering techniques and the smartphone app. During this process, utilities safely disconnect, which adds additional security.
They mentioned that during prototyping, they focused on the fact that their models are designed in such a way as to withstand extreme conditions like fires and tornadoes.
That’s why they showed a demo in which the house is moved inward and also sprays the corners of the house with water to protect against any disaster.
Shark Questions & Reactions
The Sharks asked further questions so they could understand this project or model deeply.
Kevin O’Leary was concerned about the demand for this model; that’s why he asked, “Do you have pre-orders?” Holden and Mike Pierson mentioned that right now, they were not taking any pre-orders.
Lori Greiner was concerned about funding and asked how much money the guys had raised. They mentioned that they raised $55,000, which made the Sharks think about the company’s readiness.
Barbara Corcoran asked about pricing: “What does it cost to build one home?” They replied that they charged $1000 per square foot, which was really shocking for the Sharks.
Lori also questioned adaptability: “Can this be added under existing homes?” The founders replied confidently that right now, they were a start-up company, so this facility was not available yet. But they were planning to introduce it in the future.
All Sharks really liked this model or project, but because of all these concerns, they did not want to invest in this project.
Sharks Negotiation & Discussion
The founders were highly confident in their project because they knew that this was not just a house-building project, but an idea that was turned into a life-saving innovation.
Kevin was concerned and mentioned that without sales clarity and pre-orders, this business was highly risky and too early for him to invest.
But they got an offer from Barbara, which was $1,000,000 for 20% equity+ with the condition that she wanted them to build their house first.
They negotiated for 12% equity, but she stuck to her offer. So, because they had only one offer, they accepted it.
Why Some Sharks Said No
The Sharks said no to the deal because of further concerns and reasons.
Firstly, because the cost was extremely high, they charged $1000 per square foot, which was not accessible to average homeowners.
Secondly, they had no pre-orders or sales, which felt highly risky for the investment.
And lastly, no doubt the model was awesome, but still, they were too early for the investment. For all these reasons, the Sharks said no to the investment.
HiberTec Homes Shark Tank Update 2026
As of 2026, HiberTec Homes is still in business and actively promoting its wildfire and tornado protection technology through its live website. The company now says it is building an open platform that could let established homebuilders integrate HiberTec’s system into modular home models, showing a broader licensing and partnership direction beyond a single custom-home concept. Public fundraising records also show HiberTec completed a Republic crowdfunding round that closed on January 12, 2024, raising $89,975 from 69 investors. There is no strong public evidence that the company has shut down, but there also does not appear to be any public confirmation that the Barbara Corcoran Shark Tank deal officially closed.
Product Features & Availability
HiberTec Homes is not a product that you can buy online. The customer has to preorder it.
They focused on all the features during the design:
- Hydraulic lowering system
- Underground structure
- Smartphone-controlled operation
- Safe utility disconnection system during the process
Because the company is still in its growing phase, availability is limited. Their pricing starts from $1000 per square foot, which makes it a premium offer.
Customers can visit their official website and get every update from their Instagram account.
What Happened To HiberTec Homes After Shark Tank?
After their appearance on Shark Tank, their project gained global recognition. This exposure helped the company secure the deal, attract investors, and gain orders.
Their concept was really amazing, which opened the doors to protecting homes from natural disasters.
Even though the company is going through challenges:
- The production cost is high
- Scalability is limited
But with the help of Barbara’s mentorship, they are overcoming all these challenges.
Conclusion
HiberTec Homes appeared on Shark Tank with their innovative and futuristic idea, which was admired by the Sharks. Their journey was really impressive, which started by getting inspiration from wildfire devastation and finally securing a deal on Shark Tank.
Even though their idea was amazing, because of sales, technical, financial, and scalability challenges, they did not get more than one deal. But with the help of Barbara, they are trying to overcome all these challenges.
So if they succeed, our perspective on home safety will be completely changed.
So stay tuned to witness their success together.
Hi, I’m Sandiya Kanwal! I’m in my final semester of my bachelor’s degree and I have a strong passion for sharing the inspiring stories of entrepreneurs. Writing for SharkTankInsights.com helps me explore how creative people turn simple ideas into successful businesses. I enjoy learning from their challenges, strategies, and achievements, and I love inspiring readers who dream of building something great.
