What is Dte?
DTE is a pioneering deep-tech enterprise dedicated to the digital transformation of the metals industry. The company specializes in next-generation Industrial Internet of Things (IIoT) analysis technology, most notably its patented liquid-phase, laser-induced breakdown spectroscopy (LP-LIBS) platform. By providing real-time intelligence from molten metals, DTE enables producers to optimize value, safety, and sustainability. This technological ecosystem, integrated with advanced AI-cloud capabilities, positions DTE as a critical partner for stakeholders aiming to meet the 1.5-degree climate challenge through enhanced production precision and reduced waste.
How much funding has Dte raised?
Dte has raised a total of $17.1M across 3 funding rounds:
Angel/Seed
$1.1M
Series A
$10M
Other Financing Round
$6M
Angel/Seed (2016): $1.1M with participation from Brunnur Ventures
Series A (2023): $10M led by Novelis, Metaplanet, and The European Innovation Council
Other Financing Round (2023): $6M supported by Eyrir Vöxtur and The European Innovation Council
Key Investors in Dte
Novelis
A global leader in aluminum rolling and recycling, Novelis focuses on sustainable manufacturing and partners with stakeholders across the aluminum value chain to achieve environmental goals.
Metaplanet
An early-stage investment firm prioritizing mission-driven founders and disruptive deep technologies that foster positive societal impact and long-term human progress.
The European Innovation Council
A specialized entity focused on supporting high-potential innovation and research-driven startups to bridge the gap between academic discovery and market-ready industrial solutions.
What's next for Dte?
With the support of this major enterprise-level funding, DTE is poised to accelerate the global deployment of its LP-LIBS technology. The strategic roadmap focuses on scaling its AI-cloud platform to accommodate broader industrial adoption, thereby driving systemic improvements in metal production sustainability. As the company transitions from its initial development phases into a period of rapid commercial expansion, the focus will remain on deepening its integration within the global aluminum and copper value chains, ultimately setting a new standard for data-driven, environmentally conscious industrial manufacturing.
See full Dte company page
