Back to Kobold in the News

WSJ: Bill Gates-Backed Mining Company Is Silicon Valley’s Newest Unicorn

Today, KoBold announced we’ve raised $195m from existing investors to accelerate our AI-backed search for critical minerals vital for preventing the most catastrophic impacts of climate change. The news was picked up in an exclusive story with the Wall Street Journal

From the piece:

“KoBold marries elements of two recently hot investment trends. Investors have been pouring money into projects that will help transition the world to a greener economy, including battery production for electric vehicles, clean hydrogen projects and carbon-removal technologies. That all requires a suite of metals that can be hard to find and expensive to dig out of the ground.

At the same time, recent advances in artificial intelligence, including the debut this year of AI-empowered chat apps, have funneled investment into AI startups.”

T. Rowe Price led the round with participation from BOND, Standard Investments, Equinor Ventures, a16z, Breakthrough Energy Ventures, BHP Ventures, Mitsubishi Corporation, Earthshot Ventures, and the July Fund.