Founder and chief executive of Plotlogic Andrew Job.

Source: Brisbane mining-tech startup Plotlogic backed by US billionaire in $42m in Series B

  • Brisbane-based Plotlogic secures $42 million in Series B funding led by global climate technology investors, including Tom Steyer and Katie Hall.
  • The Series B round is also supported by existing investors Innovation Endeavors, DCVC, Bentley iTwin Ventures, and GRIDS Capital.
  • The funding aims to support Plotlogic’s ambitious growth agenda in reducing carbon emissions in the resources sector.
  • Plotlogic uses AI technology to scan terrain, enabling precise extraction of critical minerals and metals for miners.
  • Plotlogic’s core product, OreSense, combines AI and sensors to generate highly accurate ore characterisation predictions in real-time.
  • OreSense is the company‚Äôs first commercial product and uses machine learning algorithms to produce ore characterisation. It is currently used by global mining firms to improve ore recovery, and helps mine operators to increase output and reduce waste by identifying the location and material properties of every rock within the mine. Such precision promises a reduction in greenhouse gas emissions from mining activities.
  • The technology is already adopted by major mining companies like BHP, Vale, South32, and Pilbara Minerals to increase output and reduce waste.
  • The company’s technology has the potential to transform the mining industry towards sustainability, aligning with the global net-zero goals and helping to execute against their ESG strategy.

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