Reykjavík-based DTE, an innovator in decision support for the metals production and manufacturing industry, announced on Monday that it has secured $10M (approximately €9.15M) in a Series A2 round of funding.
DTE says it will use the funds to further accelerate its innovation and expand its reach.
Karl Matthiasson, CEO and founder of DTE, says, “We are delighted to secure this substantial funding round, which is a significant milestone for DTE, validating the transformative potential of our technology.”
“The additional capital secured in this funding round finances expansion of our growing sales pipeline and will accelerate our technology and product development capabilities as we continue to push the boundaries of manufacturing decision intelligence and predictive analytics,” he adds.