On 23.12.2024, MFG Invest AD invested an additional amount of 200,000 (two hundred thousand) euros in TETMET SAS – a company registered in France, under number B 950786020.
The financing round has a total value of 1,170,000 (one million one hundred and seventy thousand) euros, at a post-money valuation of 17,500,000 (seventeen million five hundred thousand) euros.
Within this round, MFG Invest AD also acquired shares from its previous investment, made through SAFE instrument in May of this year.
About TETMET
TETMET is a French company that has developed the ASLM (Adaptive Spatial Lattice Manufacturing) technology. It is a robotic spot welding and advanced artificial intelligence of metal rods. This process can build structural elements using 40-70% less material and up to 99% less energy than conventional methods. The application of the technology is wide, and the company is currently focusing on the automotive, aircraft and spacecraft sectors. The business model is licensing software for designing elements and controlling the robots that produce them. The effectiveness of this model lies in the fact that in most cases, customers already own the necessary robots, and LDS, TETMET’s software, helps them to raise the level of their developments.