KoBold Metals, a Silicon Valley-based AI-powered mining startup, has successfully raised $537 million in a Series C funding round.
This significant investment, backed by prominent figures like Bill Gates and Jeff Bezos, values the company at $2.96 billion. The funds will be used to enhance the exploration of critical minerals essential for the energy transition.
KoBold Metals aims to revolutionize the mining industry by leveraging artificial intelligence to identify and extract these vital resources more efficiently.
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