Kobold Metals

KoBold used AI to find copper — now investors are piling in to the tune of $537M

Fundraising /

KoBold Metals closed a $537 million Series C round on Wednesday to help build a multi-billion-dollar mine to exploit a copper deposit it found using AI. The new funding round, which was led by Durable Capital Partners and T. Rowe Price, will be used to expand the company’s exploration efforts on five continents and develop […]

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Kobold Metals, which uses AI to help find critical minerals for the energy transition, raises $491M

Fundraising /

Earlier this year, Kobold Metals found what might be one of the largest high-grade copper deposits of all time, with the potential to produce hundreds of thousands of metric tons per year, the company’s CEO said. Now, just eight months later, Kobold is close to raising over half a billion dollars. The funding should help

Kobold Metals, which uses AI to help find critical minerals for the energy transition, raises $491M Read More »