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GeologicAI Raises $20 Million in Series A Funding Led by Breakthrough Energy

GeologicAI Raises $20 Million in Series A Funding Led by Breakthrough Energy

July 3, 2023

Calgary, Alberta, Canada - GeologicAI, the global leader in high-resolution core scanning technology, is thrilled to announce the successful completion of its Series A funding round, raising a total of $20 million. Breakthrough Energy, a prominent investor in clean and sustainable technologies, led the investment.

GeologicAI's breakthrough technology offers the world's highest-resolution core scanning capabilities in the mining industry. With their state-of-the-art equipment, they provide unparalleled accuracy and efficiency, delivering the best results at the lowest cost. By placing their advanced scanners on mining sites, companies can unlock valuable insights and make data-driven decisions like never before.

Grant Sanden, the Founder of GeologicAI, expressed his enthusiasm regarding the successful funding round, saying, "We are incredibly grateful for the support and trust showed by Breakthrough Energy and our other investors. This funding will allow us to advance our technology further and solidify our position as the go-to provider of high-resolution core scanning solutions in the mining sector. We are excited to continue empowering mining companies with the insights and knowledge needed to make smarter and more sustainable decisions."

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