DTE
Real-time composition analysis of molten metals
HQRemote
Team Size30
Open JobsUnknown
Total Funding$36M
Latest Fundraise2 years ago
Real-time composition analysis of molten metals
Core product: LP-LIBS™ laser-based sensors with IREAS™ cloud analytics for real-time elemental analysis of molten metals
Performance: Reference-grade elemental composition from liquid metal in under 60 seconds
Headcount: About 30 employees
Recent funding: Series A2 extension completed in 2023; cumulative raises reported at $16M for 2023 round (site reports also list $36.1M total funding)
Primary market: Metals production (primarily aluminum) — process control and emissions/scrap reduction
Real-time elemental composition analysis of molten metals to enable better process control and lower emissions/scrap.
Metals / Industrial IoT / Analytical instrumentation
$10,000,000
Announced as a $10M first close of Series A2.
$6,000,000
Extension completing a total Series A2 round of $16M in 2023.
$2,400,000
Reported share acquisition (secondary) by Nordic Secondary Fund.
“Includes strategic and institutional investors such as Novelis, Metaplanet, the European Innovation Council (EIC) Fund, Eyrir Vöxtur, Chrysalix Venture Capital, Brunnur Ventures and Nordic Secondary Fund”