Finland · Machinery startup

Luxmet

Luxmet Oy is a Finnish technology company based in Oulu, specializing in advanced control systems for high-temperature metallurgical processes.

Funding reportedLast round: Undisclosed round

MachineryOulu, Finland

About Luxmet

Luxmet Oy is a Finnish technology company based in Oulu, specializing in advanced control systems for high-temperature metallurgical processes.

Founded in 2014, Luxmet emerged from extensive research at the University of Oulu. The company focuses on providing real-time monitoring solutions that enhance energy efficiency, reduce material waste, and optimize production capacity in the steel and metal industries. Luxmet offers a range of services, including real-time process monitoring using Optical Emission Spectrometry (OES), process optimization for electric arc and ladle furnaces, and sustainability consulting. Their patented OES-based technology allows for precise temperature measurement and process control in challenging environments. Key products include TempSpec for temperature monitoring and ArcSpec for electric arc furnace automation, both designed to improve efficiency and reduce power consumption. With a commitment to sustainability, Luxmet aims to drive ecological practices in the metals industry. The company collaborates with industry partners and has received significant financial backing to support its growth and innovation.

What company datasets say Luxmet raised

Funding, as reported

Reported in all800kin the source's currency
Rounds1
Last roundUndisclosed round
Last round size880k
Last round dateDec 2019
Investors listed1

The company, in detail

What they build

Known for

industrial automationmanagement consultingfurnace energy managementindustrial process controlmanufacturingfurnace monitoringfurnace optimizationarcspeclfall other general purpose machinery manufacturinghigh-temperature environmentsprocess automationfurnace wear reductionfurnace hot spotstempspecenvironmental servicesfurnace process diagnostics

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Sector
Machinery
Industry code
NAICS 33399, 334513, SIC 3824, 3825
Region
Northern Ostrobothnia
Full record
Every detail in the company directory

Machinery in Finland

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