Kobold Metals is an AI-powered critical mineral startup paving the way for a future where critical minerals are sourced more efficiently, sustainably, and ethically. At the core of Kobold Metals' approach is its AI-powered mineral exploration platform, which uses a vast array of data sources — from geological surveys to satellite imagery — to model and predict where undiscovered mineral deposits are likely to be found. The platform integrates machine learning algorithms that analyze this data to generate high-confidence targets for exploration.
KoBold Metals has raised $537 million in a Series C funding round, bringing its valuation to $2.96 billion. The round was co-led by Durable Capital Partners LP and T. Rowe Price, with significant participation from existing backers including Andreessen Horowitz, Breakthrough Energy Ventures (funded by Gates and Bezos), and new investor StepStone. In total, KoBold Metals has raised over $1 billion to date.
Kobold Metals, Berkeley, California, United States, was founded in 2018 by Jeff Jurinak, Josh Goldman, and Kurt House. In 2023, the company joined the unicorn club. KoBold Metals operates in countries such as the United States, Canada, Australia, and regions across Africa, using AI to sustainably and ethically explore critical minerals for the global clean energy transition. Kobold Metals exemplifies how technology and innovation can intersect to solve some of the world's most pressing challenges, making it a key player in the race for critical minerals and the push toward a sustainable future.
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