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MineSense

Real-time ore grade data at shovel

Overview

MineSense provides real-time ore grade and material characteristics at the extraction face by installing ShovelSense hardware on existing mining equipment, paired with software that analyzes data from each shovel bucket. It works by scanning each bucket and using proprietary algorithms to produce actionable insights that help with routing, blending, and campaign decisions, effectively connecting pit-grade data to concentrator-grade decisions. Unlike many providers that offer post-hoc analytics, MineSense delivers at-face, real-time data integrated into the mining workflow, supported by both hardware and software plus services. The company's goal is to help mining operators optimize operations, reduce ore losses and waste dilution, and increase profits and sustainability.

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About MineSense

Simplify's Rating
Why MineSense is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & AnalyticsHardwareIndustrial & ManufacturingEnterprise Software

Company Size

201-500

Company Stage

Grant

Total Funding

$145M

Headquarters

Vancouver, Canada

Founded

2008

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Simplify's take

What believers are saying

  • MineSense won Canada’s 2026 Technology Fast 50 Enterprise—Industry Leaders award on October 28.
  • ShovelSense identified over 19,000 tonnes of copper waste by 2025, showing ROI.
  • MineSense Data Portal expands mine-to-mill optimization beyond bucket sensing into planning workflows.

What critics are saying

  • No funding followed the $42 million Series E since December 2022, tightening runway.
  • Hardware deployments depend on mine-capex cycles; customers can defer upgrades during budget cuts.
  • If one major miner standardizes competing sensor analytics, MineSense becomes a niche retrofit vendor.

What makes MineSense unique

  • ShovelSense scans every bucket in harsh mine conditions, capturing ore grade at extraction.
  • MineSense operates 32 systems across 16 mines globally, proving repeatable deployment.
  • John Slaven joined March 2026 after Jetti, bringing BHP-to-Alcoa operating credibility.

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Funding

Total Funding

$145M

Below

Industry Average

Funded Over

13 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison Coming Soon

Benefits

  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Hybrid Work Options
  • Paid Vacation
  • Commuter Benefits
  • Professional Development Budget
  • Training Programs

Company News

Associated Press
Feb 17th, 2026
MineSense appoints John Slaven as CEO to scale critical mineral recovery technology

MineSense, a mining technology company, has appointed John Slaven as chief executive officer, effective 2 March. Slaven brings 35 years of industry experience, most recently serving as CEO of Jetti, with previous senior roles at BHP, Alcoa Corporation, Boston Consulting Group, De Beers and Vedanta Limited. Founded in 2008, MineSense develops real-time, sensor-based ore sorting and data analytics for large-scale mines. The company currently operates 32 systems across 16 mines globally. Its flagship product, ShovelSense, has identified over 19,000 tonnes of copper from being wasted as of 2025. Slaven will lead MineSense through its next growth phase as demand for critical minerals increases. The company's technology aims to increase mineral recovery whilst reducing environmental impact.

GlobeNewswire
Feb 17th, 2026
MineSense appoints John Slaven as CEO

MineSense appoints John Slaven as CEO. February 17, 2026 09:00 ET | Source: MineSense VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) - MineSense, a technology company that accelerates the mining industry's ability to meet the world's growing demand for metals, today announced the appointment of John Slaven as Chief Executive Officer. Slaven starts on March 2. Slaven is a respected industry professional with 35 years of experience covering exploration, project development, mining, and processing operations. He most recently served as the CEO of Jetti, a technology-driven natural resources company. He also held senior leadership positions at BHP, Alcoa Corporation, Boston Consulting Group, De Beers, and Vedanta Limited. An internationally experienced senior metals and mining business executive with deep knowledge and experience in the industry, John will lead the company through the next stage of growth as it enables customers to increase critical mineral recovery, minimize environmental impacts and expand their bottom line. "The demand for critical minerals has never been greater," said John Slaven, CEO of MineSense. "MineSense has proven that we can recover more of what is already being mined, while reducing environmental impact. This is a pivotal moment for MineSense and the industry, and I am excited to lead the company as it continues to scale globally." "Every day, high-value ore is being missed simply because mines lack visibility at the point of extraction," said Ian Pearce, MineSense Board Chair. "John's appointment marks an exciting inflection point for MineSense - with his leadership, we're positioned to bring this value proposition to many more mining operations around the world, helping them capture millions in revenue that would otherwise be lost." Since 2008, MineSense has scaled operations around the world, with 32 systems currently operating at 16 mines globally. As of 2025, MineSense's flagship product ShovelSense has identified over 19,000 tons of copper from being wasted, providing a system that can operate in harsh environments and help increase value for customers right at the source. About MineSense Technologies MineSense maximizes the value of existing mines. Founded in 2008, the company is a pioneer in digital mining solutions, providing real-time, sensor-based ore sorting and data analytics for large-scale mines. With a fast, scalable, and robust mineral sensing platform, the system provides precise grade control and ore routing decisions at the point of extraction, maximizing resource conversion and metal recovery. MineSense creates transformational value by reducing the carbon footprint during the entire mining process, while increasing revenue. For more information, visit www.minesense.com.

Dealroom.co
Jun 21st, 2025
Destiny Copper company information, funding & investors

Destiny Copper, destiny copper has developed an innovative, low-cost, modular, cleantech hydro-metallurgical copper extraction system. Here you'll find information about their funding, investors and team.

Village Media
Jun 29th, 2024
Sudbury's Symbioticware among companies sharing $2.4M in mining grants

This marks the third cohort for the Mining Innovation Commercialization Accelerator

Engineer Live
Mar 22nd, 2024
Data platform optimises mine-to-mill operations

Vancouver-based MineSense Technologies Ltd has recently unveiled a digital platform, MineSense Data Portal, designed to optimise operations.

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