Plotlogic

The company has developed a proprietary technology called OreSense®, which integrates hyperspectral imaging sensors with artificial intelligence to provide real-time, high-precision ore characterization. This system can be deployed on mining equipment like excavators or on light vehicles, enabling it to scan materials and deliver detailed geological data before and during the excavation process. By differentiating between high-grade ore, low-grade ore, and waste with remarkable accuracy, the technology allows mining companies to make immediate decisions on material handling.

Plotlogic's business model centers on providing this technology as a service to the global mining industry. Clients, which include major players like BHP, Anglo American, and Glencore, benefit from significant operational improvements. The primary value proposition is the ability to selectively mine and process only the most valuable rock, thereby reducing the amount of waste material that is hauled and processed. This targeted approach leads to lower energy consumption, decreased water usage, and a reduction in greenhouse gas emissions. Consequently, mining operations can enhance their ore recovery, increase processing throughput, and improve their overall environmental, social, and governance (ESG) performance.

The company has achieved notable milestones, including securing significant funding to support its global expansion. A key achievement was a $28 million Series B funding round co-led by Galvanize Climate Solutions and SE Ventures, with participation from existing investors like Innovation Endeavors and DCVC. This capital is being used to deploy its technology commercially across various commodities, including iron ore, copper, coal, and phosphate, in key mining regions like Australia, North America, and South America. Keywords: ore sensing, hyperspectral imaging, mining technology, precision mining, artificial intelligence, ESG, resource extraction, ore characterization, real-time geology, sustainable mining