Earth AI, San Mateo, CA-based predictive explorer for clean energy metals, raised $20M in Series B funding.
The round was led by Tamarack Global and Cantos Ventures. Other investors included Overmatch, Alpaca, Sparkwave Capital, and support from existing investors including Y Combinator and Scrum Ventures.
The company intends to use the funds to drive AI and drilling technology development and accelerate project value discovery.
Led by CEO and Founder Roman Teslyuk, Earth AI is a predictive explorer and driller for clean energy metals that is empowering the mineral industry through a new approach using AI-powered mineral deposit discovery software and proprietary low disturbance drilling technology. Its model is focused on identifying mineral deposits using AI, validating them through drilling and then selling the multi-billion-dollar mining rights to large cap mining companies. Its technology has been extensively trained using continental scale data sets that combine and contextualize 400 million pieces of disparate information along with satellite remote sensing to identify greenfield prospects–a key differentiator to other exploration technologies that focus on identifying resources near existing mines. This ability makes Earth AI an integral partner for the mining industry as it seeks to meet the exponential growth in demand for critical minerals resulting from the global energy transition.
The company also operates in Sydney, Australia, and Los Angeles, CA.