GeologicAI, a global leader in digital rock analytics, receives investment. The $10 million investment round was led by Export Development Canada. This investment will support the exploration and extraction of critical minerals required for the energy transition. At this point, it will accelerate the global deployment of GeologicAI’s fleet of artificial intelligence-powered robot geologists.
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Technology of GeologicAI
Mining is a global industry. The critical materials needed will come from increasingly remote corners of the planet. Our platform gives our customers’ best geologists access to all their rock from anywhere in the world, enabling collaboration and knowledge sharing. It also accelerates exploration and development.
Grant Sanden, founder and CEO of GeologicAI
It combines hardware, software and advanced machine learning into an integrated digital rock analysis platform. A proprietary core scanning robot uses a unique blend of high-resolution multi-sensor data to analyse rock samples, providing unparalleled accuracy in identifying resources hidden beneath the Earth’s surface. Its advanced machine vision and artificial intelligence algorithms transform screening data into key rock properties, reducing the need for costly and time-consuming laboratory testing and dependence on subjective manual interpretation.
The company’s cloud-based digital rock imaging and analysis software gives geologists worldwide instant access to high-resolution AI-powered digital rock twins and automated digital geoscience workflows. GeologicAI is already working with some of the world’s leading mining and exploration companies. It is also excited to utilise EDC funding to accelerate its global expansion. GeologicAI, headquartered in Calgary, Canada, is revolutionising resource exploration by developing AI-powered core scanning robots and software! Their technology creates the most comprehensive geological dataset in the industry, dramatically improving workflows from exploration to extraction.
There is a GeologicAI robot on a ship en route to Australia and several more being prepared for imminent shipment to customer sites in Finland, Brazil and Chile. But we are excited to have EDC’s support and expertise in bringing Canadian technology.
David Henderson, President of GeologicAI