Australian Mining Tech Startup Plotlogic Raises $28m

Australian Mining Tech Startup Plotlogic Raises $28m

Plotlogic, an Australian mining technology startup, has raised $28m in Series B funding.

The round was led by Galvanize Climate Solutions, the climate investment platform of Tom Steyer and Katie Hall, and SE Ventures, the investing firm backed by French energy and automation giant Schneider Electric.

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Plotlogic uses LiDAR and hyperspectral imaging technology to scan mine deposits, providing insights into their composition and location.

This information can help miners to better pinpoint and extract minerals and metals, increasing output and cutting waste.

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The company’s customers include some of the world’s largest mining companies, such as BHP, Vale, and Rio Tinto. Plotlogic is currently operating in Australia, North America, and Indonesia, and plans to use the new funding to expand into new markets.

“We are excited to partner with Galvanize Climate Solutions and SE Ventures,” said Andrew Job, CEO of Plotlogic. “This investment will help us accelerate our growth and make a real difference in the mining industry.”

“Plotlogic is a leading provider of mining technology that has the potential to revolutionize the way we extract minerals,” said Tom Steyer, CEO of Galvanize Climate Solutions. “We are proud to support their mission to make mining more sustainable and efficient.”

The investment in Plotlogic is a sign of the growing interest in mining technology. The mining industry is under pressure to reduce its environmental impact, and technology is seen as one of the key ways to achieve this. Plotlogic is well-positioned to benefit from this trend, and the new funding will help the company to accelerate its growth.

Here are some key takeaways from the article:

  • Plotlogic is an Australian mining tech startup that uses LiDAR and hyperspectral imaging technology to scan mine deposits.
  • The company’s customers include some of the world’s largest mining companies.
  • Plotlogic has raised $28m in Series B funding.
  • The round was led by Galvanize Climate Solutions and SE Ventures.
  • Plotlogic plans to use the new funding to expand into new markets.
  • The investment in Plotlogic is a sign of the growing interest in mining technology.

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