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Semiconductors Series A Founded 2013

DTE AI

DTE AI provides digital transformation and process control services for the metals manufacturing industry, using photonics-based laser-induced breakdown spectroscopy technology. The company's solutions enable real-time material analysis and process optimization during metals production. Founded in 2013 and headquartered in Iceland, DTE AI has raised approximately $23.9M in Series A funding from investors including…

📍 Iceland · Photonics,

Funding snapshot

Last roundSeries A
Amount$6M
Date22 December 2023
Total raised$24M
Team size242

About

DTE AI provides digital transformation and process control services for the metals manufacturing industry, using photonics-based laser-induced breakdown spectroscopy technology. The company's solutions enable real-time material analysis and process optimization during metals production. Founded in 2013 and headquartered in Iceland, DTE AI has raised approximately $23.9M in Series A funding from investors including Eyrir Venture Management, EIC Fund, Chrysalix Venture Capital, and Novelis. The company employs 242 people and is recognized as a minicorn. DTE AI's photonics technology provides manufacturers with precise elemental analysis of molten metal, enabling quality control and process adjustments that reduce waste and improve product consistency in aluminum and steel production.

Business model

Photonics > Quantum Optics > Quantum-optical Spectroscopy > Laser-induced Breakdown Spectroscopy,

Materials Tech > Research and Development > Spectroscopy

Institutional investors

Eyrir Venture Management EIC Fund Europa Chrysalix Venture Capital Brunnur Ventures Novelis Metaplanet Nordic Secondary Fund Eyrir Voxtur

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