GeologicAI, a leader in advanced AI and decision engineering for the critical minerals mining industry, has closed a $44 million Series B funding round. The round was led by Blue Earth Capital with participation from BHP Ventures and Rio Tinto.
The company’s platform combines sensors with machine learning to analyze drill cores in real-time, delivering high-resolution data that enhances decision-making and exploration efficiency while minimizing environmental impact. As demand for critical minerals like lithium, copper, and rare earth elements continues to rise, GeologicAI’s solutions are being utilized across projects on five continents, helping mining leaders enhance discovery rates and reduce costs.
How the funding will be used: The funding will be used to expand GeologicAI’s global operations and enhance its AI and sensor technologies.
KEY QUOTES:
“A significant increase in the supply of critical minerals is essential for the energy transition and specifically electrification, and we believe GeologicAI is at the forefront of providing solutions to improve the recovery process while reducing the environmental footprint. GeologicAI fits within our thematic investment approach for electrification and AI use cases, and is an example of using technology driven solutions in parts of the critical mineral value chain to drive optimization and efficiency. We look forward to working with management and shareholders to help GeologicAI realize its full potential in this next phase of growth.”
Kayode Akinola, Head of Private Equity at Blue Earth Capital
“We are proud of the impact we have already had and are honored by the support of such visionary investors and industry leaders as we accelerate our mission and scale our impact.”
Grant Sanden, CEO of GeologicAI
“GeologicAI is addressing one of the mining’s sector’s most pressing challenges. Their game-changing technology is disrupting traditional, time – and cost – intensive workflows with AI-powered analytics and modelling solutions. This technology has the power to reshape how we discover, evaluate and source ore bodies.”
Laurel Buckner, Vice President, Ventures at BHP
“We have a proud track record of building partnerships with innovative companies who can bring new ideas to our business, and GeologicAI stands out as a catalyst for real change. Their high-resolution approach and real-time data capabilities have the potential to transform how we think about project development timelines and risk.”
Pekka Santasalo, Head of Growth & Ventures at Rio Tinto
“Today’s critical minerals are concentrated in just a few regions, making the global supply chain highly vulnerable to conflict and disruption. GeologicAI’s AI-driven process is accelerating the discovery and development of new deposits, strengthening the mineral pipeline that’s essential for electrification.”
Carmichael Roberts of Breakthrough Energy Ventures
