GeologicAI

01 The Platform

Founded in 2013 and headquartered in Calgary, GeologicAI is an integrated hardware, software, and services platform that gives mining companies the real-time geological intelligence they need to decide where to dig, how to dig, and what an asset is worth. The company's robotic core scanners sit directly at the drill site, take core off the rig as it is produced, and run every meter through six sensor types simultaneously — returning results within 24 hours rather than the six to ten days required by traditional off-site labs. That data flows directly into GeologicAI's Resource Modeling Solutions software, turning raw scan output into the resource models and mine plans that operators actually run their operations against. As of 2026, 21 scanners are deployed across mine sites in more than 10 countries, and the company has scanned over 2.1 million cumulative meters of rock.

02 Customers & Capital

GeologicAI's customers include Rio Tinto, BHP, Freeport-McMoRan, Anglo American, Newmont, and all three of Canada's top mining majors, with retention above 90% across all product lines. In August 2025, BHP Ventures and Rio Tinto co-invested in the company's $44M Series B alongside Blue Earth Capital — an unusual alignment in which two of the world's three largest miners are simultaneously customers, shareholders, and observer-board participants. Freeport-McMoRan, the world's largest copper miner, recorded a 20% uplift in copper production after deploying GeologicAI's full platform, and its board has since mandated a full global rollout.

03 The Market

The company sits at the intersection of two converging pressures. Mining productivity has declined sharply over the past three decades as the easy orebodies have been exhausted — what remains is deeper, lower grade, and harder to operate. At the same time, demand for critical minerals has surged, driven by AI data centres, electric vehicles, transmission grids, and battery storage. The IEA projects mined copper supply to fall 30% short of demand by 2035, and only 14 new copper deposits have been discovered in the past decade. The world needs more critical minerals, and it needs them faster than legacy workflows — built on paper logs, off-site labs, and weeks-long information loops — can deliver. GeologicAI is building the infrastructure to close that gap.

04 Founders & Selection

GeologicAI was co-founded by Grant Sanden and Yannai Segal, who serves as Chief Strategy Officer. Grant trained as a mechanical engineer at the University of Calgary and spent fifteen years in the oil and gas industry before recognizing that mining — an industry making billion-dollar capital decisions — was operating on technology a decade behind its peers. That observation became the foundation for GeologicAI.