January 1, 2025:
KoBold Metals Secures $527M for AI Mineral Exploration - KoBold Metals, a California-based startup using AI for mineral exploration, has raised $527 million in a Series C funding round. The round was led by T Rowe Price, with Breakthrough Energy Ventures and Andreessen Horowitz also participating. The company's technology aids in discovering essential metals like copper, lithium, nickel, and cobalt, crucial for batteries and renewable energy.
KoBold plans to invest in existing projects, including a significant copper site in Zambia. Additionally, the company intends to expand its team of data scientists and geoscientists. KoBold has plans to go public within the next three to five years.
