KoBold raised $537M in a funding round co-led by Durable Capital Partners LP and T. Rowe Price to fund new exploration projects and boost research and development.
KoBold raised $537M in a funding round co-led by Durable Capital Partners LP and T. Rowe Price to fund new exploration projects and boost research and development.
01/02/25, 3:32 AM
Location
berkeleyMoney raised
$537 million
Industry
mining
Investors
Step Stone, Breakthrough Energy Ventures, Andreessen Horowitz, T. Rowe Price, Durable Capital Partners Lp
KoBold, a US mining startup, secured $537 million to disrupt China's mineral supply chain, with significant investment from Bill Gates and Jeff Bezos. The funding aims to expand and diversify the global supply of critical resources using artificial intelligence for exploration.
Company Info
Location
2021 shattuck avenue
berkeley, california, united states
Additional Info
KoBold Metals is pioneering Digital Exploration by applying statistical modeling, big data aggregation, and foundational ore-deposit science to materially improve the pace and efficacy of natural resources exploration. We are deploying our Machine Prospector tool to discover new ethical sources of Ni, Cu, Co, and Li critical for the electric vehicle revolution.