GeologicAI

Calgary-based GeologicAI has strategically acquired Resource Modeling Solutions (RMS), an Alberta-based geo-statistics and geo-metallurgy consulting firm. This move follows a successful $30 million funding round, including $10 million from Export Development Canada and $20 million led by Breakthrough Energy Ventures.

GeologicAI’s integrated digital rock analytics platform, which significantly shortens traditional year-long analysis processes to a week or less, stands to gain further expertise and capabilities from RMS.

The partnership is expected to foster collaboration, innovation, and knowledge-sharing in the industry, building on GeologicAI’s commitment to integrating cutting-edge technologies. Founded in 2013, GeologicAI is poised for major scale-up, including a significant workforce expansion in the coming years.

Want to know more? Check out the source code on Calgary.tech.

Calgary-based GeologicAI has secured $20 million in Series A funding from Breakthrough Energy Ventures (BEV) to advance its AI-powered robot geologists.

GeologicAI is a global leader in rock and resource digitization services, utilizing its core scanning robot with high-resolution imaging, XRF, and hyperspectral data analysis. Their AI and machine vision capabilities enable faster and more accurate identification of underground resources, surpassing traditional methods.

GeologicAI’s digital rock viewing and analysis software provides geologists worldwide with instant access to AI-enhanced digital rock twins.

This investment recognizes the importance of key minerals for the transition to a low-carbon economy and supports GeologicAI’s innovative approach to resource analysis.

Want to know more? Check out the source code on Calgary.tech. Image: GeologicAI.