MineSense Technologies
Latest round
- Series E
Last raised
- Dec 2022
Total raised
- $88M
Investors
- 11
About MineSense Technologies
Founded in 2009 and headquartered in Vancouver, Canada, MineSense Technologies Ltd. specializes in digital mining solutions.MineSense Technologies Ltd. specializes in advanced digital mining solutions aimed at enhancing the efficiency and sustainability of mining operations. Their core offerings include ShovelSense and BeltSense, technologies that utilize real-time data and AI algorithms to improve ore and waste classification directly at the mine face. ShovelSense focuses on providing precise ore and waste characterization using data captured from the Selective Mining Unit (SMU) to optimize recovery and minimize dilution, while BeltSense supports real-time monitoring of ore characteristics along conveyor belts. These products cater primarily to the mining sector, serving clients involved in copper and other critical metal extraction in global markets including North America, South America, and Australia.MineSense generates revenue through the sale of its proprietary technologies, primarily on a subscription or licensing basis. Clients in the mining industry engage with MineSense to implement their systems, which are tailored to specific operational needs. The transaction structure typically involves direct partnerships with mining companies, whereby ongoing support and software updates are provided as part of the agreement.In December 2022, MineSense Technologies Ltd. Plans include extending their technology offerings to other critical metals such as nickel, cobalt, zinc, and iron. The company aims to penetrate new markets, specifically targeting regions in South America and Australia by the end of 2024.
Who invested in MineSense Technologies
11 investors across 7 rounds
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Funding rounds
Series E
Dec 7, 2022
Amount
$31M
Investors
Series D
Aug 7, 2018
Amount
$18M
Investors
Series C
Feb 15, 2017
Amount
$15M
Investors
Series B
Oct 1, 2016
Amount
$9.2M
Investors
Series B
Jun 3, 2015
Amount
$6.4M
Investors
Series B
Dec 18, 2014
Amount
$6.5M
Investors
Series A
Mar 1, 2013
Amount
$2.4M
Investors
Questions about MineSense Technologies
Who invested in MineSense Technologies?
MineSense Technologies has 11 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MineSense Technologies raised?
MineSense Technologies has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did MineSense Technologies last raise money?
MineSense Technologies's most recent round on record is a Series E, in Dec 2022.
What does MineSense Technologies do?
Founded in 2009 and headquartered in Vancouver, Canada, MineSense Technologies Ltd.
Where is MineSense Technologies headquartered?
MineSense Technologies is headquartered in Vancouver, Canada.
Which VCs invest in companies like MineSense Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back mining companies at MineSense Technologies's stage. Their profiles are linked below.
VCs backing mining startups at Series E
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