
DeepMeta
Makes the lives of steelmakers simpler by identifying product issues and tells exactly what the problem is and where it happened.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | £1.0m | Grant | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Deep.Meta is a pioneering startup that leverages artificial intelligence (AI) and machine learning to enhance energy efficiency in the steel industry. Recognizing that steel production contributes to 8% of global emissions, Deep.Meta's innovative software optimizes production processes by analyzing data from existing sensors at steel plants. This real-time analysis helps warn operators of potential defects across various stages of production, thereby minimizing energy consumption and reducing carbon emissions.
The company's primary clients are steel producers, a sector notorious for its high energy costs, which account for approximately 40% of production expenses. By reducing energy usage, Deep.Meta not only helps these producers cut costs but also significantly reduces their carbon footprint.
Deep.Meta's business model revolves around providing a software solution that assists in minimizing the energy required to melt or reheat products. The startup also offers specialized scheduling algorithms that improve production efficiency and increase output capacity through optimized, dynamic order schedules.
Looking ahead, Deep.Meta aims to simplify the tracking of steel through the supply chain, a process currently fraught with complexity. The company's vision is to identify whether decommissioned steel can be repurposed without remelting, thereby further reducing energy consumption. Given that steel is the world's most widely used and recycled metal, tracking it becomes a way of remotely monitoring structural integrity and promoting a more circular economy.
Keywords: Artificial Intelligence, Machine Learning, Energy Efficiency, Steel Production, Carbon Emissions, Software Solution, Production Optimization, Dynamic Order Schedules, Supply Chain Tracking, Circular Economy.