AI-powered Kobold Metals Raises $491M in Critical Mineral Funding Round

Oct 7, 2024, 03:30 PM

AI-powered critical mineral startup Kobold Metals has raised $491 million in a new funding round, according to filings. The round, which targets $527 million, could value the company at over $2 billion. Kobold Metals uses machine learning to identify large deposits of various metals, crucial for the energy transition. The company has already seen significant success, including a massive copper discovery in Zambia earlier this year. The news was reported by TechCrunch.