# DT Equipment ehf

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dt-equipment-ehf

- Industry: Industrial Machinery
- Headquarters: Reykjavik, Iceland
- Website: www.dtequipment.com
- Total disclosed funding: $6.6M
- Latest round: Series A (Sep 4, 2020)
- Investors on record: 2

## About

DT Equipment ehf specializes in advanced metal composition analysis, providing innovative solutions designed to enhance efficiency in the metal industry through real-time elemental analysis of liquid metals.DT Equipment ehf, founded in 2013 by Karl Matthíasson and headquartered in Reykjavik, Iceland, focuses on providing advanced analytical solutions for the metal industry. The company has completed 6 deals to date, with the most recent deal occurring on September 4, 2020, when it raised USD 5.5 mn in Series A funding from investors including Chrysalix and Brunnur Ventures. The company has not undergone any significant pivots or changes in operations since its inception.DT Equipment ehf offers DTE Solutions, which specializes in advanced metal composition analysis through its proprietary LP-LIBS™ technology. This technology allows for real-time analysis of liquid metals, providing critical insights within 60 seconds of sampling. By removing the need for manual casting for off-line analysis, the company enhances process control in the metal industry, serving primary smelters, recycling plants, and manufacturers across Europe, North America, and Asia.In the year 2020, DT Equipment ehf reported revenue of USD 31,579.60 and an EBITDA of USD -122,418.60, reflecting the company's focus on B2B transactions with industrial clients primarily centered around its LP-LIBS™ technology and associated services.Following the recent Series A funding round of USD 5.5 mn in September 2020, DT Equipment ehf is poised to enhance its product offerings and expand its market presence. The company is currently working on developing new products that leverage its existing technology, aiming for a release in the coming year. Additionally, there are plans to target growth in new geographic markets, particularly in regions where metal recycling is expanding. The funding will support these initiatives, aiming to improve operational efficiencies and broaden customer outreach.

## Funding rounds

- Series A, Sep 4, 2020, $5.5M — Chrysalix, Brunnur Ventures
- Seed, May 6, 2016, $1.1M — Brunnur Ventures

## Investors

- Brunnur Ventures (https://capitalatlas.ai/funds/brunnur-ventures) — Seed, Series A
- Chrysalix (https://capitalatlas.ai/funds/chrysalix) — Series A