Full-Time
Confirmed live in the last 24 hours
Uses AI for mineral exploration efficiency
$80k - $125kAnnually
Senior
No H1B Sponsorship
Remote in USA + 1 more
More locations: Remote in Canada
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KoBold Metals discovers essential minerals like lithium, cobalt, copper, and nickel for clean energy technologies using artificial intelligence. Their proprietary AI tool employs the Efficacy of Information (EOI) concept to optimize data collection and improve exploration efficiency. By investing over $60 million annually in various projects and aggregating extensive geological data, KoBold transforms mineral exploration into a more scientific process. This approach allows them to locate mineral deposits more accurately than traditional methods, giving them a competitive edge in the market.
Company Size
201-500
Company Stage
Series C
Total Funding
$909M
Headquarters
Berkeley, California
Founded
2018
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Remote Work Options
Flexible Work Hours
KoBold Metals, an AI-driven mining company, raised $5.37 billion in its latest Series C funding round, reaching a valuation of $2.96 billion. Backed by notable investors like Bill Gates, Jeff Bezos, and Jack Ma, KoBold discovered a world-class copper deposit in Zambia, potentially generating $1 billion annually for decades. Utilizing AI, KoBold enhances mining efficiency by 10 times and reduces costs by 75%. Despite its success, the role of AI in these discoveries remains debated.
KoBold Metals, an AI-driven mining company, announced it raised $537 million in a Series C funding round. Led by existing investors T. Rowe Price and Durable Capital Partners, the round also saw participation from Bill Gates' Breakthrough Energy Ventures, Andreessen Horowitz, and new investor StepStone. CEO Kurt House stated that 40% of the funds will convert existing projects into mining sites, with a priority on a $2 billion copper mine in Zambia. The company may go public in 3-5 years.
AI-powered mineral exploration company KoBold Metals raises $527M - SiliconANGLE
KoBold Metals, a mining and AI startup backed by Bill Gates and Jeff Bezos, secured $537 million in funding, valuing the company at $2.96 billion, according to FT. The company aims to compete with Chinese producers of copper, lithium, and nickel, crucial for the energy transition. KoBold announced a significant copper deposit discovery in Zambia worth $2 billion, using AI and scientific data to find undiscovered deposits.
KoBold Metals, backed by Bill Gates and Jeff Bezos, raised $537 million in its latest funding round, valuing the company at $2.96 billion. The round was co-led by T Rowe Price and included Andreessen Horowitz and new backer StepStone. KoBold plans to invest 40% of the funds in a large copper deposit in Zambia and expand to Finland, Botswana, and Canada. The company aims to hire aggressively and may go public in 3-5 years.