Technology company Heraeus is expanding its expertise in artificial intelligence and AI-based process optimization by acquiring a stake in the Berlin-based start-up Smart Steel Technologies, making it the largest shareholder.
Jan Rinnert, CEO of Heraeus Holding and chairman of the management board, says: “Artificial intelligence and optimization of production processes are becoming increasingly important in the steel industry, too.
“AI solutions increase efficiency, sustainability and quality standards along the entire process chain. With Smart Steel Technologies, we have a competent partner at our side, with whose software we will further improve production processes in steel mills.”
Falk-Florian Henrich, founder and CEO of Smart Steel Technologies, says: “Heraeus Electro-Nite is a very strong partner for SST. We are looking forward to the joint cooperation and valuable synergies, as well as innovations for the steel industry that will be enabled by the partnership.”
Nils Seele, partner at LEA Partners, which is involved in SST, says: “We are very pleased that someone like Heraeus with such strong technology expertise in the industry is coming on board and that together with the SST team we will expand the leading market position for AI in the steel sector.”
Technology company Heraeus is expanding its expertise in artificial intelligence and AI-based process optimization by acquiring a stake in the Berlin-based start-up Smart Steel Technologies, making it the largest shareholder.
Jan Rinnert, CEO of Heraeus Holding and chairman of the management board, says: “Artificial intelligence and optimization of production processes are becoming increasingly important in the steel industry, too.
“AI solutions increase efficiency, sustainability and quality standards along the entire process chain. With Smart Steel Technologies, we have a competent partner at our side, with whose software we will further improve production processes in steel mills.”
Falk-Florian Henrich, founder and CEO of Smart Steel Technologies, says: “Heraeus Electro-Nite is a very strong partner for SST. We are looking forward to the joint cooperation and valuable synergies, as well as innovations for the steel industry that will be enabled by the partnership.”
Nils Seele, partner at LEA Partners, which is involved in SST, says: “We are very pleased that someone like Heraeus with such strong technology expertise in the industry is coming on board and that together with the SST team we will expand the leading market position for AI in the steel sector.”