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AI-powered critical mineral startup Kobold Metals has raised $491 million in a new funding round, according to filings. The round, which targets $527 million, could value the company at over $2 billion. Kobold Metals uses machine learning to identify large deposits of various metals, crucial for the energy transition. The company has already seen significant success, including a massive copper discovery in Zambia earlier this year. The news was reported by TechCrunch.
Filing: KoBold Metals, which uses ML to help it sift through datasets to identify large deposits of various metals, has raised $491M of a targeted $527M round (@tdechant / TechCrunch) https://t.co/hngaWDLubO 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/rgpeAzwJzT
Humongous round for a startup that uses AI to find precious metals needed in the energy transition - it's already had big success in Zambia. Scoop from @tdechant https://t.co/HJfSYdeXNv - tip @Techmeme
Scoop: Kobold Metals has raised $491 million in a new funding round that could reach $527 million. The fundraise comes hot on the heels of its massive copper discovery earlier this year. https://t.co/d91INa0GOk