LEA Partners invests 2.1 million euros in Smart Steel Technologies to expand its AI solutions for steel production
Summary
To achieve this, the company relies on a team of experienced metallurgy and AI experts.Reduced CO2 emissions and energy consumption, as well as a constantly higher quality level, enable every steel mill to achieve significant improvements in profitability.CAPITAL FOR GROWTH AND EXPANSION LEA Partners growth financing will provide the company, which was founded in Berlin at the beginning of 2019, with support from an investor for the first time. The capital will primarily be invested in the further development of software products and the establishment of additional customer relations in Europe. At the same time, plants can only optimize their processes at liquid steel temperatures above 1550 degrees Celsius under extreme risk. With our AI-based software, on the other hand, they receive a tool with which they can reduce energy consumption in steel production and achieve enormous monetary savings. The practical success of the products, the combined expertise of IT development and metallurgy in the team, and the contribution to the reduction of CO2 emissions in the industry made a lasting impression on us.