# DTE ehf

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

- Industry: Industrial Machinery
- Headquarters: Iceland
- Website: www.dte.ai
- Total disclosed funding: $23M
- Latest round: Series A (Dec 21, 2023)
- Investors on record: 6

## About

Founded in 2013 and based in Reykjavik, Iceland, DTE ehf operates as an artificial intelligence-based company that offers a cloud platform for sampling and compositional analysis of molten metal. The company was founded by its CEO Karl Matthiasson. In June 2023, DTE ehf raised USD 10 million in series A funding co-led by Novelis Inc., European Innovation Council, and Metaplanet Holdings.

The company offers real-time intelligence and insights from liquid metals by combining connected, real-time, chemical composition analysis from molten metals -based on DTE's technology Liquid-Phase, Laser-Induced Breakdown Spectroscopy (LP-LIBS™) through its artificial intelligence-based cloud platform.

The company plans to use the June 2023 funding to accelerate its innovation and expand its reach.

## Funding rounds

- Series A, Dec 21, 2023, $6M — Eyrir Invest, European Innovation Council
- Series A, Jun 19, 2023, $10M — Chrysalix, Brunnur Ventures, Novelis Inc, Metaplanet Holdings, European Innovation Council
- 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
- Novelis Inc — Series A
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series A
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series A
- Eyrir Invest (https://capitalatlas.ai/funds/eyrir-invest) — Series A