[1] http://www.pressdemocrat.com/business/7559762-181/hewlett-pa... (see picture 3)
In Australia, ember attack is responsible for 90% of the houses lost to bushfires. If you can prevent flying embers from igniting a house, you eliminate most of the risk to the building.
They are pressurised using a diesel generator, and each sprinkler head consumes 6 to 20 litres per minute (a typical installation will include 20-30 sprinkler heads) from an independent water supply (not mains - you can rely on that failing in a fire).
A bushfire front will typically pass within five to ten minutes, because as you pointed out, they are fast-moving. This limits the amount of radiant heat a sprinkler system has to cope with.
While fire suppression systems don't seem to me like a good startup model (more of a small-to-medium business), there are good software opportunities for automated and remote-triggered sprinkler activation (because people still evacuate hours earlier, and need a way to turn on the sprinkler system remotely).
Even with all the fire retardant sprayed onto massive wildfires from the sky, we're unable to stop them. Why wouldn't a different approach work?
If you read about the Napa fires, some neighborhoods in Santa Rosa were entirely burned to the ground not because of a wall of gushing fire, but because some embers from further away landed on dried up brush and leaves and started the fire in that area.
Forest fires are never put out with water--you just can't get enough water where it's needed. Instead, you use small amounts of air-dropped water and fire breaks to steer the fire where you want it to go and let it run out of fuel.