Durin

Durin

Automated drilling rigs for mineral exploration

Overview

Durin develops and operates automated and remotely controlled drill rigs to speed up mineral discovery. It designs, builds, and runs its rigs and collects real-time geological data, integrating this with geological modeling, lab testing, and drillhole planning on a single platform. Rigs gather mineralogical and structural data in minutes and assay data in days, and can be operated remotely to reduce on-site labor and improve safety. The goal is to scale production globally, delivering faster, safer, and more cost-efficient exploration by shortening cycles and improving decision-making.

About Durin

Simplify's Rating
Why Durin is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Robotics & Automation

Industrial & Manufacturing

Enterprise Software

Company Size

11-50

Company Stage

Seed

Total Funding

$3.4M

Headquarters

El Segundo, California

Founded

2024

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Simplify's Take

What believers are saying

  • $3.4M pre-seed from Andreessen Horowitz funds automation by end-2025.
  • First rig drills 300m deep, gathers data for fully unattended rigs in 2-3 years.
  • Expands to South America by end-2026 leveraging critical minerals demand.

What critics are saying

  • Boart Longyear undercuts with established fleet in 6-12 months.
  • Manually operated rig delays revenue as clients reject until end-2025.
  • XCMG deploys cheaper rigs in South America by late 2026.

What makes Durin unique

  • Durin automates drill rigs with sensors for real-time mineralogical data in minutes.
  • Vertically integrates exploration workflow from modeling to drillhole planning.
  • Operates rigs on projects to feedback-loop improve designs with revenue.

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Funding

Total Funding

$3.4M

Meets

Industry Average

Funded Over

1 Rounds

Notable Investors:
Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Meet Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$3.4M
Durin

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Company Equity

Company News

TechCrunch
Apr 23rd, 2025
Durin digs up $3.4M to automate drills for critical minerals exploration

To get the ball rolling, Durin has raised $3.4 million in a pre-seed round led by 8090 Industries, the company exclusively told TechCrunch. Also participating were 1517, Andreessen Horowitz, Bedrock, Champion Hill, Contrary, Day One Ventures, and Lux Capital.

Rare Earth Exchanges
Apr 23rd, 2025
Durin Mining Technologies Aims to Automate Large Scale Mines

As reported by TechCrunch today, Durin has just secured a $3.4 million pre-seed investment led by 8090 Industries, with backing from notable investors such as Andreessen Horowitz, Lux Capital, and Contrary.

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