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$44 million Series B round led by Blue Earth Capital with backing from BHP Ventures, Rio Tinto, and Breakthrough Energy to advance AI-powered mineral exploration.
GeologicAI’s platform combines real-time drill core scanning with machine learning, enhancing mineral discovery speed, decision-making accuracy, and environmental efficiency.
Funding will support global expansion and technology enhancement amid rising demand for critical minerals driven by electrification and data center growth.
GeologicAI has raised $44 million USD in Series B funding to accelerate the global rollout of its artificial intelligence and sensor-driven solutions for the critical minerals mining industry. The round was led by Blue Earth Capital, with strategic participation from BHP Ventures, Rio Tinto, and existing investor Breakthrough Energy Ventures.
The company’s platform combines high-resolution sensors with machine learning to scan and analyze drill core in real time, enabling faster, more accurate resource assessments. This approach offers a step-change in how the industry evaluates ore bodies—improving discovery rates, lowering costs, and significantly reducing environmental impact.
“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 plans to use the capital to scale operations globally, deepen R&D in proprietary AI and sensor technologies, and grow its presence in key mining jurisdictions. The need for critical minerals like lithium, copper, and rare earth elements is intensifying alongside the expansion of AI, data centers, and clean energy infrastructure.
“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.
Backing from major mining companies underscores the urgency of deploying disruptive technologies in the sector.
“GeologicAI is addressing one of 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.”
“Their high-resolution approach and real-time data capabilities have the potential to transform how we think about project development timelines and risk,” added Pekka Santasalo, Head of Growth & Ventures at Rio Tinto.
Breakthrough Energy Ventures emphasized the strategic importance of strengthening global mineral supply chains.
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“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.”
Currently deployed across exploration and development projects on five continents, GeologicAI’s solutions are shaping a new frontier in sustainable, data-driven mineral exploration.
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