Smart Steel Technologies GmbH

Smart Steel Technologies GmbH specializes in advanced production planning software solutions tailored for the steel industry, enhancing efficiency in production processes and resource management. Founded in 2019 in Berlin, Germany, Smart Steel Technologies GmbH focuses on delivering software solutions for the steel industry. The company has completed a total of 4 deals, with its most recent funding round occurring on February 9, 2023, during which it raised EUR 2. 10 mn in a SEED round led by LEA Partners.

The firm’s current valuation stands at EUR 9. 53 mn. The founders, Falk-Florian Henrich, Luca Valente, and Sarah Lang, have backgrounds that contribute to the company’s expertise in steel production planning. Smart Steel Technologies (SST) offers a suite of advanced production planning software solutions designed specifically for the steel industry.

Their core products include the SST Short-Term Scheduler, SST Long Product Scheduler, SST Mid-Term Planner, and SST Material Allocator, among others. These tools are engineered to optimize various aspects of steel production, addressing challenges related to yield, throughput, inventory management, and resource allocation. For instance, the Short-Term Scheduler enhances short-term production planning efficiency, while the Mid-Term Planner facilitates scenario simulation and forecasting, eliminating uncertainties in production cycles. SST’s solutions target steel manufacturers in Europe, North America, and Asia, serving clients from large steel mills to specialized fabricators.

For the fiscal year 2022, Smart Steel Technologies reported revenue of EUR 1,853,059. The company’s revenue model is primarily structured around B2B transactions, offering their software solutions through subscription agreements. Notably, flagship products such as the SST Short-Term Scheduler and SST Material Allocator are key revenue drivers, fostering long-term relationships with clients and ensuring ongoing support and updates. Smart Steel Technologies GmbH is poised for growth with plans to launch new products designed to enhance production planning further.

The company aims to expand into new geographic markets, specifically targeting regions in Asia and North America by the end of 2024. The funding raised in February 2023 will be utilized to support these initiatives, including research and development for upcoming software solutions and market entry strategies.