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.

Jan 02, 2025•12 months ago

Amount Raised

$537 Million

BerkeleyMining

Investors

Step StoneBreakthrough Energy VenturesAndreessen HorowitzT. Rowe PriceDurable Capital Partners Lp

Description

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 Information

Company

KoBold Metals

Location

2021 Shattuck Avenue

Berkeley, California, United States

About

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.

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Funding Insights

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