Participated · Series A · Jun 2023

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.

Participated · Equity · Jul 2022

Sortera Technologies is referenced in the article as a technology company, but no information is given about its core product, target customers, or industry segment. The Reuters piece only notes that the firm has completed a new financing round and does not elaborate on its operational model or future roadmap. Key operating metrics such as revenue, customer count, or profitability were not disclosed. Similarly, no information on the company’s founding date, leadership team, or geographic headquarters is provided. The announcement strictly centers on the fundraising event, leaving other aspects of the business unaddressed.

Participated · Series A · Jan 2022

Addionics produces textured, three-dimensional copper and aluminum foil current collectors for lithium-ion batteries, using electro-deposition for copper and electroetching for aluminum. Its foils feature tiny holes and undulating peaks and valleys that increase contact between the foil and active material. The company says the design improves battery performance and efficiency and can potentially double battery lifespan, and that the collectors can work with a wide range of chemistries. Addionics plans to tailor collectors to different chemistries in the future to extract additional performance. The Israel- and U.K.-based startup recently raised a $39 million Series B to accelerate delivery of its current collectors and to explore new markets and geographies. Earlier this year it announced plans to build a $400 million factory in the U.S. and said it has letters of intent from U.S. automakers. Addionics develops patented Smart 3D Electrode architecture and a scalable electrode fabrication process that replaces traditional 2D layered electrodes, aiming to increase energy density, power, safety and lifetime without raising cost. Its drop-in solution is compatible with existing battery manufacturing lines and is paired with a proprietary AI algorithm to accelerate and optimize electrode design for varied applications. The company targets electric vehicles initially and is collaborating with automotive OEMs and suppliers in the U.S. and Europe to integrate with NMC, LFP, silicon, lithium polymer and solid-state chemistries. Addionics plans to commercialize by 2024 and will use funding to advance product development, expand the team, and increase activity in the U.S. and Germany. The company also highlights applications beyond EVs, including consumer electronics, stationary storage, aviation, defense and medical devices. Addionics has developed a scalable, patent‑protected “smart 3D structure” that redesigns battery architecture via 3D metal fabrication to reduce internal resistance and improve mechanical longevity and thermal stability. The company’s approach is chemistry‑agnostic, designed to enhance existing and future battery chemistries rather than replace them. Addionics says its technology can increase EV mileage, improve safety, and reduce cost and charging time, and could be applied to consumer electronics, medical devices, grid storage, drones, and more. Commercial traction is early: the company is working with an unnamed tier‑1 American automotive company on a proof‑of‑concept and testing Addionics cells in vehicles. Management aims to secure 3–4 major collaborations with world‑leading OEMs over the next year. Financially, the company has raised $6M in funding, which includes a $2.5M grant awarded through the European Union’s Horizon2020 program.