Founders Factory & Rio Tinto invest in reduced-impact mining through AI & breakthrough technologies
Summary
Founders Factory and Rio Tinto announced six new investments through their Mining Tech Accelerator. The program backs startups developing AI and other technologies for mineral exploration, drilling, lithium extraction, and reduced-impact mining. The accelerator will support the startups with seed capital, operational help, executive access, and opportunities to pitch pilots and proofs of concept to Rio Tinto. The partnership aims to accelerate, optimize, and decarbonize the mining value chain while commercializing breakthrough technologies.
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AI/ML Software
Geoscience Software
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Terra AI
up to $1M