GeologicAI: $100M Raised to Make Mining More Efficient

GeologicAI builds robots that scan drill core and tell mining companies where to dig. They spent their first eight years doing research projects for oil companies in Calgary, pivoted to mining in 2019 against nearly everyone's advice, and raised a Series A thirteen years in from Bill Gates' Breakthrough Energy, BHP and Rio Tinto. They're now capital break even, 330 people, and building a new scanning unit every three weeks.
CEO Grant Sanden and CTO John Mortimer on the long road to product market fit, buying their own copper mine in Arizona to prove out the product, what a 17 year mine…