Company Name: GeologicAI
Location: Calgary, Canada
Product: Digital rock analysis technology including AI-driven core scanning robots and software
- Funding led by: Export Development Canada
- Total Funding Amount: $10M (current round), $30M (total)
- Purpose of Funding: Accelerate global deployment of AI-powered robot geologists
Leadership: Founder and CEO Grant Sanden and President David Henderson
About: GeologicAI develops AI-driven core scanning robots and software, aimed at providing geologists worldwide with instant access to AI-enhanced digital rock twins and automated digital geoscience workflows through its cloud-based platform. With a proprietary core scanning robot capable of high-resolution multi-sensor data analysis of rock samples, GeologicAI significantly enhances accuracy in identifying underground resources. The advanced machine vision and AI algorithms embedded in their technology streamline the conversion of scan data to key rock properties, reducing the necessity for extensive laboratory testing and minimizing reliance on subjective manual interpretation. This fresh infusion of funding sets the stage for GeologicAI to expedite the global deployment of its innovative fleet of AI-powered robot geologists, heralding a new era in geoscience exploration and analysis.