Market & RegulationInvestment · $25M
Lithosquare raises $25M to find metals with AI
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Why it matters
- →Lithosquare's AI platform accelerates the discovery of critical metals, essential for decarbonization.
- →The technology reduces exploration timelines from months to days, enhancing efficiency.
- →It addresses geopolitical concerns by diversifying and strengthening supply chains for critical metals.
Lithosquare, a startup based in Paris, has raised $25 million in a seed funding round to enhance its AI technology for discovering critical metal deposits. The funding was led by World Fund and Kindred Capital, with participation from several French investors. Lithosquare's AI platform uses a foundational model trained on diverse data to help geologists identify new metal deposits more efficiently. This development is particularly significant as it addresses the growing need for critical metals in the electric vehicle and renewable energy sectors. The company plans to expand its team and establish a presence in North America.
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