KoBold Leverages AI to Discover Copper, Attracting $537M in New Investment
On Wednesday, KoBold Metals completed a $537 million Series C funding round, aiming to build a multi-billion-dollar mine to extract copper deposits discovered through AI. This new investment round was led by Durable Capital Partners and T. Rowe Price and will help expand KoBold’s exploration efforts across five continents, particularly focusing on a large copper mine in Zambia. According to The Financial Times, the funding has boosted KoBold’s valuation to $2.96 billion.
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