Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues-1.4m1.0m1.9m4.4m
% growth--(25 %)90 %127 %
Profit(1.2m)(1.8m)(2.5m)(3.3m)-
% profit margin-(136 %)(245 %)(172 %)-
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DateInvestorsAmountRound

€2.1m

Seed
*

N/A

Early VC
Total Funding$2.3m

Recent News about Smart Steel Technologies

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More about Smart Steel Technologiesinfo icon
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Smart Steel Technologies is a startup that operates in the steel manufacturing industry, providing innovative solutions to enhance productivity, stability, and efficiency. The company leverages artificial intelligence (AI) to offer precise process control systems for steelmaking and casting, which is a unique selling proposition in the market.

The company's primary product is the Cast 'n Roll System (CNRS), an operating system designed specifically for the steelmaking and casting process. This system uses AI to control the temperature, manage the cleanliness of the steel, and control the alloy yield. This results in a more efficient and stable production process, reducing energy consumption and CO₂ emissions.

In addition, Smart Steel Technologies offers AI-based casting control and rolling control systems. These systems aim to improve the quality of the final product and minimize interruptions during the production process. The company also provides an AI-based surface inspection system for accurate cross-process surface inspection.

Smart Steel Technologies serves clients in the steel manufacturing industry. Its business model is based on selling its AI-based systems to these manufacturers, who then use the systems to improve their production processes and product quality. The company generates revenue from the sales of these systems.

In summary, Smart Steel Technologies is a forward-thinking startup that uses AI to improve the efficiency and quality of steel manufacturing processes. Its innovative solutions are designed to meet the needs of steel manufacturers, helping them to reduce costs, improve product quality, and minimize their environmental impact.

Keywords: Steel Manufacturing, Artificial Intelligence, Process Control, Energy Efficiency, CO₂ Reduction, Product Quality, Surface Inspection, Casting Control, Rolling Control, Steel Cleanliness.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.