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

Julie Steinberg of The Wall Street Journal reports on the newest Silicon Valley unicorn.

The C3 Take
  • KoBold Metals uses artificial intelligence and machine learning to mine metals like cobalt, lithium, and copper.
  • This technology-dependent approach allows the company to more efficiently locate and extract critical minerals.
  • KoBold recently completed a $200 million funding round led by Bill Gates’ Breakthrough Energy and other climate funds.

“Founded in 2018, KoBold says it uses data science and machine learning to identify deposits of cobalt, copper, nickel and lithium, crucial components of the electric-vehicle boom. It has 60 continuing exploration projects in North America, Africa and Australia. Last December, it agreed to invest $150 million to buy a controlling stake in a large, undeveloped copper deposit in Zambia that it says should take at least eight years to yield copper.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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