GeologicAI, a leader in applying advanced artificial intelligence to the critical minerals mining industry, has successfully closed a $44 million Series B funding round. Rio Tinto participated in this round, alongside BHP Ventures and Blue Earth Capital, representing two of the world’s largest mining companies. This investment underscores the growing importance of AI in mineral discovery and development.
The funds will be used to accelerate GeologicAI's global expansion and further develop its proprietary AI and sensor technologies. These technologies are designed to enhance the discovery and development of critical minerals, which are essential for the global energy transition. Rio Tinto's involvement highlights its commitment to leveraging innovation for future-facing metals.
This major investment aligns with Rio Tinto's strategic focus on technological differentiation and sustainable growth. By supporting AI-driven solutions, the company aims to improve efficiency, reduce costs, and accelerate the identification of new mineral resources. This collaboration positions Rio Tinto at the forefront of technological advancements in the mining sector.
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