Calgary’s GeologicAI has raised $60 million in Series B funding to expand its AI-powered mineral exploration platform worldwide, as the global push for clean energy and digital infrastructure intensifies demand for critical minerals.
The funding round was led by Blue Earth Capital, with participation from major mining players BHP Ventures and Rio Tinto, along with existing investor Breakthrough Energy, the climate-focused investment firm founded by Bill Gates.
GeologicAI’s platform combines proprietary sensors and advanced machine learning to scan and analyze drill core in real time—streamlining exploration, reducing environmental impact, and accelerating decision-making in the hunt for minerals like lithium, copper, and rare earth elements.
“A significant increase in the supply of critical minerals is essential for the energy transition and specifically electrification,” said Kayode Akinola, Head of Private Equity at Blue Earth Capital. “GeologicAI is at the forefront of providing solutions to improve recovery while reducing the environmental footprint.”
CEO Grant Sanden said the fresh capital will fuel GeologicAI’s global scale-up and continued innovation. “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.”
The company’s AI-powered platform is now being deployed on five continents, helping miners improve discovery rates, lower costs, and make more informed resource decisions. Backers say it’s a game-changer for an industry under pressure to find new deposits faster and more sustainably.
“GeologicAI is addressing one of mining’s most pressing challenges,” said Laurel Buckner, Vice President of Ventures at BHP. “Their technology is disrupting traditional, time- and cost-intensive workflows with AI-powered analytics and modeling.”
Rio Tinto’s Head of Growth & Ventures, Pekka Santasalo, echoed that view: “GeologicAI’s high-resolution approach and real-time data capabilities have the potential to transform how we think about project development timelines and risk.”
As mineral supply chains face increasing geopolitical risks, the company’s backers say GeologicAI’s innovations are crucial for accelerating electrification and reducing global dependencies.
“Today’s critical minerals are concentrated in just a few regions, making the global supply chain highly vulnerable,” said Carmichael Roberts of Breakthrough Energy Ventures. “GeologicAI is accelerating the discovery and development of new deposits, strengthening the mineral pipeline that’s essential for electrification.”
With the clean energy transition and growth in AI and data centers driving unprecedented demand for critical minerals, GeologicAI is positioning itself as a pivotal player in shaping a more sustainable and resilient mining future.