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Enterprise Applications Series B Founded 2016

EARTH AI

EARTH AI is a mining technology company that uses artificial intelligence and autonomous field operations to discover critical minerals essential for the hardware economy, including lithium, copper, gold, nickel, and manganese. The company has developed MTP, a proprietary AI model built from the ground up and trained on 400 million geological sites, which locates the source rocks for mineral deposits. EARTH AI…

📍 San Mateo, United States · Data as a Service,

Funding snapshot

Last roundSeries B
Amount$26M
Date23 December 2024
Total raised$43M
Team size40

About

EARTH AI is a mining technology company that uses artificial intelligence and autonomous field operations to discover critical minerals essential for the hardware economy, including lithium, copper, gold, nickel, and manganese. The company has developed MTP, a proprietary AI model built from the ground up and trained on 400 million geological sites, which locates the source rocks for mineral deposits. EARTH AI vertically integrates the entire exploration process, combining AI-driven targeting with real-world execution including UAV-based aeromagnetic surveys, remote fieldwork in remote greenfield areas, and autonomous drilling. This approach dramatically reduces the new mine discovery timeline and improves success rates compared to traditional explorers, addressing the critical supply gap as demand for minerals powering data centers, humanoid robots, eVTOL aircraft, fusion energy, space, and defense applications grows rapidly. The company has secured mineral rights across millions of acres, drilled numerous holes, identified AI targets across multiple projects, and built a pipeline valued in billions. Founded in 2016 and headquartered in San Mateo, California, EARTH AI has raised $43.4M in Series B funding from investors including AirTree, Blackbird Ventures, Y Combinator, DCVC, Metaplanet, Cantos Ventures, Duro Ventures, Fifty Years, Promus Ventures, Taver Capital, INCUBATE, Tamarack Global, Sparkwave Capital, Scrum Ventures, Overmatch, Alpac Capital, Zeno Ventures, Pioneer Fund, The 6ixth Event, and Agile Ang.

Business model

Data as a Service > Industries > Energy Metals and Chemicals Data > GIS Data,

Mining Tech > Exploration > Tech First Mineral Explorers,

Geographic Information Systems > Location Analytics > Natural Resources > Metals and Minerals,

Y Combinator Batches > 2019 > Summer

Team background

College Wise > The University of Sydney

Institutional investors

AirTree Blackbird Ventures Y Combinator DCVC Metaplanet Cantos Ventures Duro Ventures Fifty Years Promus Ventures Taver Capital INCUBATE Tamarack Global Sparkwave Capital Scrum Ventures Overmatch

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