Calgary’s GeologicAI has raised a $20 million Series A funding investment from Breakthrough Energy Ventures (BEV).
GeologicAI is a global leader in rock and resource digitization services and the new funds will be used to further the development and global scaling of their fleet of AI-powered robot geologists.
GeologicAI’s proprietary core scanning robot uses a unique blend of high-resolution imaging, XRF and hyperspectral data to analyze rock samples, providing unparalleled accuracy in identifying resources hidden beneath the Earth’s surface.
By leveraging advanced machine vision and AI to analyze high-resolution, multi-sensor rock sample data, GeologicAI can offer faster and more accurate results than traditional core logging methods.
The company’s digital rock viewing and analysis software gives geologists worldwide instant access to high-resolution, AI-enhanced digital rock twins. These data-driven insights equip geologists and energy scientists with powerful tools for efficient, environmentally conscious resource discovery and extraction.
The global transition to a low carbon economy will necessitate a rapid and responsible expansion in the supply of key minerals like copper, iron, nickel, cobalt, beryllium, lithium, and rare earth elements. Recognizing this, BEV has invested in GeologicAI’s revolutionary approach to core scanning and resource analysis, leveraging artificial intelligence, robotics, and advanced sensor technologies.
“Without sufficient quantities of key minerals like copper, nickel, cobalt, and lithium, the transition to a clean energy economy simply cannot happen,” said Carmichael Roberts, Breakthrough Energy Ventures. “GeologicAI’s multi-sensor core scanning robots and AI-assisted analysis are a powerful combination, and we believe their technology will significantly accelerate key mineral discovery and recovery.”
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