# RockMass Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rockmass-technologies

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.rockmasstech.com
- Total disclosed funding: $2M
- Latest round: Seed (Dec 2, 2021)
- Investors on record: 7

## About

RockMass Technologies Inc. delivers advanced geological and geotechnical mapping solutions, enhancing the safety, accuracy, and efficiency of mining operations through innovative technology.Founded in 2016, RockMass Technologies Inc. is headquartered in Toronto, Canada. The company specializes in geological and geotechnical mapping solutions tailored for the mining industry. Co-founders Matthew Gubasta and Shelby Yee spearhead the company, with Shelby currently serving as CEO. The company has successfully executed 8 deals, with its latest funding round, a Seed round, raising CAD 2.5 mn on December 2, 2021, led by investors including BDC Capital, Creative Destruction Lab, Maple Leaf Angels, and SOSV, bringing the total amount raised to CAD 2.5 mn.RockMass Technologies specializes in advanced geological and geotechnical mapping solutions, offering core products like RockMass Eon, Lithos, and Stratus Cloud. These solutions utilize high-definition imaging and LiDAR technology for 2D and 3D data capture, enabling users to map geological features accurately. The products are designed for geological engineers, mine technical services teams, and safety professionals, and are utilized globally across North America, Europe, and Australia.RockMass Technologies generates revenue through B2B product sales and service agreements, partnering with mining companies to provide solutions such as RockMass Eon and Lithos. These offerings are typically included in comprehensive mapping packages or subscription services, often featuring pilot programs for clients to evaluate technology before full implementation. The pricing is tiered based on the complexity and scale of mining operations, fostering long-term relationships with clients through customized solutions.RockMass Technologies plans to leverage its recent Seed funding of CAD 2.5 mn to accelerate product development and market expansion. The company is focused on enhancing its existing product suite and developing new solutions tailored to emerging needs in the mining sector. Additionally, RockMass aims to expand its market presence in regions such as South America and Asia by 2023, targeting opportunities in high-demand mining markets. The funding will support these initiatives, allowing for increased research and development and targeted marketing efforts.

## Funding rounds

- Seed, Dec 2, 2021 — SOSV
- Seed, Dec 15, 2020, $2M — BDC Capital, SOSV, Maple Leaf Angels, Creative Destruction Lab
- Seed, Oct 26, 2020 — SOSV, HAX
- Seed, Sep 1, 2017 — SOSV, HAX
- Seed, Nov 30, 2016 — Ontario Centre of Innovation, Queen's University

## Investors

- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- Queen's University — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Maple Leaf Angels — Seed
- Creative Destruction Lab (https://capitalatlas.ai/funds/creative-destruction-lab) — Seed