Hertha Metals

“$133.65M Series A from Siemens (strategic backer). Develops low-emission, cost-effective iron and steel production technology using continuous processing”

“Several rounds feature strategic backers aligned to the product: Lockheed Martin Ventures in Fortem Technologies, Siemens in Hertha Metals, and In-Q-Tel in Armadin”

“Hertha Metals is building single-step iron and steel production that skips coal-fired blast furnaces... The Series A includes a sizable U.S. government equity stake tied to industrial-base goals.”