DTE develops LP-LIBS™ sensor technology that delivers reference-grade elemental analysis directly from high-temperature molten metals. Its sensors collect melt composition information from critical process points and feed those signals into a cloud analytics platform that produces predictive decision-making insights. The solution complements and replaces manual methods for process and quality control, enabling enhanced process control and decision support for manufacturers and metals producers. Led by CEO Karl Matthiasson, the company has positioned its offering to provide real-time information across reduction cells, transport crucibles, furnaces and launders. DTE intends to use the newly raised funds to expand operations and broaden its business reach. The company is based in Reykjavik, Iceland and recently completed a Series A2 financing totaling $16M. DTE develops a proprietary LP-LIBS™ contactless sensor platform that delivers reference-grade elemental analysis directly from high-temperature liquid metals in less than 60 seconds. Its technology replaces slow, manual, and expensive composition-sampling methods to provide real-time process and quality control. The platform feeds actionable decision-support and predictive analytics from the plant floor through corporate management to optimize production, safety, and sustainability. DTE positions its solution to help metals producers and manufacturers improve efficiency and support carbon-reduction goals. The company plans to use new funding to expand its growing sales pipeline and accelerate technology and product development. DTE is based in Reykjavik, Iceland. DTE develops next-generation sensors and analytics to transform metals production and processing, with a flagship DTE-EA product range that provides direct sampling and compositional analysis of molten metal. Its platform combines fully automated elemental analyzers that generate real-time, reference-quality elemental composition from liquid metal with a software analytics layer for proactive and predictive process control. DTE positions its technology to replace slow, expensive and manual process- and quality-control methods with real-time, in-line analysis of trace materials. Benefits cited in the article include increased production and quality, reduced costs, energy savings, and improved operator safety through reduced human intervention. The company focuses on Industry 4.0 applications and aims to bring its analytics technologies to market worldwide. DTE was founded in 2013 and is based in Reykjavik, Iceland.

Total raised

$16M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2023