# Luxmet: Machinery, Oulu, Finland

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

Source: https://millionrounds.com/startup/luxmet (Millionrounds; every figure on the page links to its filing or article)

Finland · [Machinery startup](https://millionrounds.com/companies)

# Luxmet

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

Email

Funding reported Last round: Undisclosed round

Machinery Oulu, Finland

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Company summary

- **Founded:** 2014 12 years old
- **Team:** 16 11 to 50 people
- **Funding reported:** 800k as listed, currency not stated
- **Last round:** Undisclosed round Dec 2019

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Luxmet has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **800k** in the source's currency

Rounds **1**

Last round **Undisclosed round**

Last round size **880k**

Last round date **Dec 2019**

Investors listed **1**

## The company, in detail

What they build

Known for

industrial automation management consulting furnace energy management industrial process control manufacturing furnace monitoring furnace optimization arcspeclf all other general purpose machinery manufacturing high-temperature environments process automation furnace wear reduction furnace hot spots tempspec environmental services furnace process diagnostics

Built with from their website

Google Tag Manager LiteSpeed WordPress.org Viewport Meta CookieYes WPMU DEV Smush nordpass Bunny Priority Hints CAPTCHA

+8 more

Google Font API Microsoft Exchange Bunny Fonts FitVids.JS MySQL PrimeNG Microsoft 365 Apps & Services Mobile Friendly

- **Sector:** Machinery
- **Industry code:** NAICS 33399, 334513, SIC 3824, 3825
- **Region:** Northern Ostrobothnia
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/luxmet)

## Machinery in Finland

Startups like it

- [**Tamturbo** Tampere · founded 2010](https://millionrounds.com/startup/tamturbo)
- [**Savcor** Mikkeli · founded 1981](https://millionrounds.com/startup/savcor)
- [**SpinDrive** Lappeenranta · founded 2015](https://millionrounds.com/startup/spindrive)
- [**Savroc** Kuopio · founded 2013](https://millionrounds.com/startup/savroc)
- [**Mekitec** Oulu · founded 2005](https://millionrounds.com/startup/mekitec)
- [**Sofi Filtration** Lappeenranta · founded 2011](https://millionrounds.com/startup/sofi-filtration)
- [**Teraloop Oy** Helsinki · founded 2014](https://millionrounds.com/startup/teraloop-oy)
- [**Helmee Imaging Ltd** Tampere · founded 2013](https://millionrounds.com/startup/helmee-imaging-ltd)

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