Mixteresting
Combines mathematical optimization and AI in one software that virtually simulates promising new concrete mixes.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| 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
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Mixteresting, an Austrian company founded in 2019 and headquartered in Leonding, operates within the construction technology sector, providing a specialized software-as-a-service (SaaS) solution for the concrete industry. The company was established by co-founders Franz Haller, who also serves as CEO, Ferenc Domes, and Hermann Schichl. The team leverages over 50 years of combined experience in material science and mathematical optimization to address inefficiencies in developing new concrete mixtures.
The core of Mixteresting's business is an AI-powered platform that digitally simulates and optimizes concrete mix designs. This tool combines mathematical optimization, physical models, and artificial intelligence to create new formulations, significantly reducing the time and expense associated with traditional laboratory experiments. The platform is designed to help clients develop more sustainable and higher-quality concrete by, for instance, lowering cement content to reduce CO2 emissions or incorporating recycled materials like wood fibers. By virtualizing the development process, the company states it can shorten innovation cycles from years to a matter of months.
The business primarily serves concrete producers, researchers at universities, 3D concrete printing companies, and large construction firms. Revenue is generated through a subscription-based model, with monthly license fees per customer. For clients who prefer a different arrangement, Mixteresting also offers milestone-based payment systems tied to the success of a development project. The software is a fully managed cloud-hosted solution and offers enterprise integrations, including API interfaces and Excel compatibility for data uploads.
Keywords: concrete optimization, construction technology, AI in construction, material science, mix design software, sustainable concrete, CO2 reduction, cement industry, building materials, SaaS, mathematical optimization, virtual simulation, construction research, 3D concrete printing, recycled building materials, Franz Haller, Leonding, Austria