Top Sustainability Investors Fund Plotlogic's Series B Round with $28 Million Investment

Plotlogic Founder and CEO Dr Andrew Job with the company's proprietary OreSense® technology (Photo Credit: Plotlogic)

BRISBANE, Australia, July 31, 2023 (VSNewsNetwork.com) - Renowned American venture capital firms have rallied behind Plotlogic, an Australian deep-tech mining company, in its Series B funding round. The company has raised $28 million in investment. Galvanize Climate Solutions, a climate-focused global investment firm, and SE Ventures, an investing firm backed by Schneider Electric, co-led the funding round.

Plotlogic has been recognized as a global leader in ore characterization within five years of its launch. It assists customers like BHP, Vale, South32, and leading lithium company Pilbara Minerals in augmenting output while reducing waste. The firm's proprietary technology, OreSense®, utilizes AI and a stack of sensors to analyze samples and terrains in real-time, providing accurate ore characterization predictions. This data allows miners to improve their extraction of critical minerals and metals.

Dr. Andrew Job, Founder and CEO of Plotlogic, emphasized the role of their technology in promoting sustainable mining practices. "Recycling alone can only meet a fraction of the demand for essential commodities making continued mining essential. And sustainability in mining can be achieved through the increased adoption of advanced technologies like ours," Dr. Job said. The fresh capital from the Series B round will be used to expand the firm's platform, bolster commercialization, and invest in further research and development.

Learn more at www.plotlogic.com.

Source: Plotlogic via Newswire