MineMind raises $1M to bring AI agents to mining geology work
What's the deal? Brazilian mining-tech startup MineMindDealroom has a profile for this one. Try Dealroom → has raised $1 million in an angel round that valued it at $11 million. The company uses artificial intelligence to automate tasks in geology and mine-engineering software used by miners.
How it works: MineMind's platform connects to existing programs rather than replacing them, letting geologists and engineers run data analyses, organise files, and execute technical steps via natural-language commands. The company says tasks that would normally take four or five weeks can be finished in hours or days, with professionals keeping the final call.
Who's backing it? The round drew investors with deep sector ties: Edson Ribeiro, who spent more than three decades at ValeDealroom has a profile for this one. Try Dealroom →; Nick Fogarty, a former Seequent executive; and Francisco Bittencourt and Mauro Sérvulo Delgado Santos, both linked to Deswik and Fast2MineDealroom has a profile for this one. Try Dealroom →. Santos also serves as MineMind's vice-president of mineral planning.
Why these names? "Mining is a market built heavily on trust," said cofounder and chief executive officer Gustavo Usero. "We could have sought only capital, but we wanted people who deeply understood the industry and the problems we are trying to solve."
The numbers: MineMind currently brings in about US$511.6K in revenue and aims to reach US$2.56M by June 2027 — a fivefold increase. In one project, it rebuilt 11 steps of a lost geostatistical model for a precious-metals operation in three days, work it says would take weeks by traditional methods.
Why now? The raise fits a broader push to digitise mining. In August, Vale and ABB announced an alliance to expand automation, AI, and data integration across Brazilian operations, after a pilot at Conceição II that the companies said lifted productivity by 25%.
The signal: Against those industrial-scale projects, $1 million is modest — but backers drawn from Vale, Seequent, and Deswik bring expertise and commercial access. The test is whether MineMind can turn that support into recurring adoption by miners, not just product development.
Read more: exame.com
Image credit: Generated with Gemini
