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High Tech Series A Founded 2020

Ideon

Ideon provides a muography platform that uses cosmic ray muon imaging to detect and characterize mineral deposits beneath the Earth's surface. The technology combines patented detectors, imaging systems, inversion technologies, and artificial intelligence to provide subsurface geological insights, identifying and monitoring mineral deposits between drill holes. The system consists of proprietary hardware for data…

📍 Richmond, Canada · Geographic Information Systems,

Funding snapshot

Last roundSeries A
Amount$16M
Date13 September 2022
Total raised$17M
Team size88

About

Ideon provides a muography platform that uses cosmic ray muon imaging to detect and characterize mineral deposits beneath the Earth's surface. The technology combines patented detectors, imaging systems, inversion technologies, and artificial intelligence to provide subsurface geological insights, identifying and monitoring mineral deposits between drill holes. The system consists of proprietary hardware for data gathering, integrated imaging systems, and software for data analysis and interpretation. Founded in 2020 and headquartered in Richmond, Canada, Ideon has raised approximately $17M in Series A funding from investors including Playground Global, University of British Columbia, Sprout Fund, and WUTIF Capital. The company leverages naturally occurring cosmic ray muons that penetrate the Earth's surface, measuring their attenuation to create density maps of subsurface geology, enabling mining companies to identify high-grade ore deposits with significantly less drilling, reducing exploration costs and environmental impact.

Business model

Mining Tech > Exploration > Geological Mapping > Muon Tomography,

Geographic Information Systems > Image Processing & Mapping > Subsurface Mapping

Institutional investors

Playground Global University of British Columbia Sprout Fund WUTIF Capital

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