AI-Powered KoBold Metals Raises $537 Million, Backed by Bill Gates and Jeff Bezos, Valued at $2.96 Billion

Jan 1, 2025, 07:14 PM

KoBold Metals, an AI-powered mineral exploration company backed by notable investors including Bill Gates and Jeff Bezos, has successfully raised $537 million in its latest funding round. This capital influx positions the company with a valuation of approximately $2.96 billion. The funding is expected to enhance KoBold Metals' capabilities in mineral exploration, leveraging artificial intelligence to identify and develop new mining opportunities.