GeologicAI, a leader in applying advanced artificial intelligence and High-Resolution Decision Engineering to the critical minerals mining industry, today announced the successful closing of a $44 million US Dollar Series B funding round. The round was led by Blue Earth Capital, with participation from BHP Ventures and Rio Tinto, representing two of the world’s largest mining companies, and existing investors such as Breakthrough Energy.
GeologicAI’s platform combines a complete range of sensors with advanced machine learning and deep industry domain expertise, scanning and analyzing drill core in real time. Its high-resolution data and enhanced models provide geologists, minerals strategists and investors with unprecedented insight and speed in decision-making, dramatically improving exploration efficiency and reducing environmental impact — essential as the world faces increasing pressure to secure sustainable sources of critical minerals.
"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,” said Kayode Akinola, Head of Private Equity at Blue Earth Capital. “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."
The funding will be used to scale GeologicAI globally, expand its proprietary AI and sensor technologies, and deepen its presence in key mining jurisdictions as demand for critical minerals—such as lithium, copper, and rare earth elements—intensifies amid the rapid growth in AI and data center demand and energy transition. “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,” said Grant Sanden, CEO of GeologicAI.
“GeologicAI is addressing one of the mining’s sector’s most pressing challenges,” said Laurel Buckner, Vice President, Ventures at BHP. “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.”
“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,” said Pekka Santasalo, Head of Growth & Ventures at Rio Tinto. “Their high-resolution approach and real-time data capabilities have the potential to transform how we think about project development timelines and risk.”
“Today’s critical minerals are concentrated in just a few regions, making the global supply chain highly vulnerable to conflict and disruption,” said Carmichael Roberts of Breakthrough Energy Ventures. “GeologicAI’s AI-driven process is accelerating the discovery and development of new deposits, strengthening the mineral pipeline that’s essential for electrification.”
GeologicAI’s solutions are now in use across exploration and development projects on five continents, helping mining leaders improve discovery rates, lower costs, and make better resources decisions of all types faster.
About GeologicAI
GeologicAI is the leader in bringing High Resolution Decision Engineering to the Global Critical Minerals Industry. Its unique, proven core scanning technology captures dramatically enhanced, critical data at the source - saving valuable time and expense. Combining this rich data set with advanced, purpose-built AI models and tools guided by deep domain expertise provides a clear path for the Critical Minerals Industry to harness and exploit powerful data driven insights. GeologicAI's unique combination of proven, practical, and powerful technologies is helping the world's leaders in mining and discovery make dramatically better resource, operations, and investment decisions, faster. Learn more at GeologicAI.com. Contact: [email protected]
About Blue Earth Capital
Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and market-rate financial returns. The company operates dedicated private equity, private credit, and fund solutions as well as separately managed accounts. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future. Contact: [email protected]
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