Smart Steel Technologies

PRODUCTIVITY - ENERGY - PRIME QUALITY YIELD

General Information
Company Name
Smart Steel Technologies
Founded Year
2019
Location (Offices)
Berlin, Germany +2
Founders / Decision Makers
Number of Employees
45
Industries
AI, Information Technology, Manufacturing +1
Funding Stage
Series Unknown
Social Media

Smart Steel Technologies - Company Profile

Smart Steel is a Germany-based startup specializing in AI and machine learning for the steel and non-ferrous metals production industry. The company's slogan, "PRODUCTIVITY - ENERGY - PRIME QUALITY YIELD," embodies its mission to optimize processes. Founded in 2019, Smart Steel Technologies has garnered attention in the AI, Information Technology, Manufacturing, and Machine Learning sectors. The startup has recently received a Venture Round investment on 14 February 2023 from Heraeus, signaling confidence in its innovative approach. Smart Steel Technologies' AI-based process control system is engineered to reduce CO2 emissions, energy inefficiencies, and quality deviations while ensuring 24/7 operational efficiency at large integrated and electrical steel mills. This system, developed by a team of top AI\/ML engineers, software architects, and steel experts, leverages advanced machine learning techniques, combined with detailed process expertise, to dynamically optimize all processes of steel manufacturing. Smart Steel's focus on applying cutting-edge technology to traditional industries presents an opportunity for investors to support sustainable and efficient solutions within the manufacturing sector. With its recent investment from Heraeus, Smart Steel is poised to further establish itself as a leader in the digital transformation of the steel production industry.

Taxonomy: Steel Manufacturing, Software Architecture, Data Storage, Process Control System, CO2 Emissions Reduction, Energy Efficiency, Quality Optimization, AI Integration, Metallurgy, Industrial Software, Integrated Steel Mills, Automotive Steel

Funding Rounds & Investors of Smart Steel Technologies (2)

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Funding Stage Amount No. Investors Investors Date
Venture Round Unknown 1 Heraeus 14 Feb 2023
Venture Round €2.10M 1 06 Nov 2019

Latest News of Smart Steel Technologies

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No recent news or press coverage available for Smart Steel Technologies.

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