WSS Redpoint advises the industrial tech startup mecorad on a financing round by Aperam Ventures.

Founded by Marc Banaszak, Andreas Heutz and Cagdas Ünlüer, the B2B company offers in-line measurement & AI-based optimisation for the hot forming of metals. It thereby helps operators of steelworks and hot rolling mills to achieve higher product quality, reduce losses in production value and connect production all the way through to end customers.

Aperam Ventures is the venture capital arm of the Aperam Group, which, in addition to capital, also provides access to the Aperam Group’s extensive technological and commercial expertise.

Through the current financing round, mecorad can thus benefit from the experience and resources of the Aperam Group and further develop its solution for mass measurement.

WSS Redpoint has advised mecorad on legal matters since its foundation in 2018. On the current financing round, Peter Siedlatzek advised on behalf of WSS Redpoint.