GeologicAI Raises $44 Million in Series B Funding to Revolutionize Critical Minerals Exploration with AI
In a groundbreaking move for the mining industry, GeologicAI, a pioneer in applying advanced artificial intelligence (AI) and High-Resolution Decision Engineering to critical minerals exploration, has successfully closed a $44 million USD Series B funding round. The investment was led by Blue Earth Capital, with participation from two of the world’s largest mining companies—BHP Ventures and Rio Tinto—as well as existing investors like Breakthrough Energy. This infusion of capital underscores the growing recognition of GeologicAI’s transformative role in addressing one of the most pressing challenges of our time: securing sustainable sources of critical minerals essential for the global energy transition.
Transforming Mineral Exploration with AI
GeologicAI’s innovative platform integrates a comprehensive suite of sensors with cutting-edge machine learning algorithms and deep domain expertise in geology. By scanning and analyzing drill core samples in real time, the platform provides high-resolution data and enhanced models that empower geologists, minerals strategists, and investors to make faster, more informed decisions. This technology not only accelerates exploration efficiency but also significantly reduces the environmental impact of mining—a crucial factor as the world races to meet the increasing demand for critical minerals like lithium, copper, and rare earth elements.
The pressure to secure these resources is mounting. Critical minerals are the backbone of electrification, renewable energy technologies, and the burgeoning AI and data center industries. However, traditional exploration methods are often slow, costly, and environmentally taxing. GeologicAI is changing this paradigm by leveraging AI-driven insights to streamline workflows, improve discovery rates, and optimize resource allocation.
A Strategic Investment for the Future
The Series B funding reflects investor confidence in GeologicAI’s ability to drive innovation across the mining value chain. Kayode Akinola, Head of Private Equity at Blue Earth Capital, highlighted the company’s alignment with their thematic investment approach: “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.”
Industry leaders share this enthusiasm. Laurel Buckner, Vice President of Ventures at BHP, noted, “GeologicAI is addressing one of the mining sector’s most pressing challenges. Their game-changing technology is disrupting traditional, time- and cost-intensive workflows with AI-powered analytics and modeling solutions. This technology has the power to reshape how we discover, evaluate, and source ore bodies.”
Similarly, Pekka Santasalo, Head of Growth & Ventures at Rio Tinto, emphasized the transformative potential of GeologicAI’s approach: “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.”
Strengthening Global Supply Chains
The need for innovation in critical minerals exploration has never been more urgent. As Carmichael Roberts of Breakthrough Energy Ventures pointed out, “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.”
By expediting the identification and evaluation of mineral deposits, GeologicAI is helping to diversify supply sources and mitigate risks associated with geopolitical tensions or logistical bottlenecks. This capability is particularly vital as demand for critical minerals continues to surge, driven by the rapid adoption of electric vehicles, renewable energy infrastructure, and advanced technologies like AI.
Scaling Impact Globally
With the new funding, GeologicAI plans to scale its operations globally, expand its proprietary AI and sensor technologies, and deepen its presence in key mining jurisdictions. These efforts will enable the company to meet the intensifying demand for critical minerals while maintaining its commitment to sustainability and efficiency.
“GeologicAI is proud of the impact we’ve already achieved, and we’re 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. “Our goal is to empower the mining industry to operate more efficiently, sustainably, and responsibly, ensuring that critical minerals are available to fuel the energy transition without compromising the planet.”
Proven Success Across Continents
GeologicAI’s solutions are already being deployed across exploration and development projects on five continents. Mining leaders are leveraging the platform to enhance discovery rates, lower costs, and make better-informed resource decisions faster. By providing unprecedented clarity and speed in decision-making, GeologicAI is enabling companies to unlock hidden value in their projects while minimizing environmental footprints.
As the global demand for critical minerals continues to grow, GeologicAI’s AI-driven approach represents a beacon of hope for a more sustainable and resilient future. By combining cutting-edge technology with deep industry expertise, the company is not only transforming the mining sector but also playing a pivotal role in advancing the global energy transition.
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: media@geologicai.com
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.
