GeologicAI

GeologicAI is a well-funded mining technology company headquartered in Calgary, having raised approximately $100M total including a $44M Series B in July 2025 led by Blue Earth Capital with participation from BHP Ventures and Rio Tinto. Founded in 2013 as Enersoft for oil and gas, the company pivoted to mining in 2021 and has established itself as a leader in AI-powered core scanning and geological analytics operating on five continents, with clients including Agnico Eagle, Glencore, and Fireweed Metals.

GeologicAI's differentiator is its multi-sensor approach: mobile trailer-based scanning units equipped with five sensor types — hyperspectral (SWIR/VNIR), XRF, high-resolution RGB photography, LiDAR, and magnetic susceptibility — with all data stitched together at the pixel level and analysed by proprietary AI models. Its 2024 acquisition of Resource Modeling Solutions added geostatistical software (RMSP), while the December 2025 acquisition of Finland's Lumo Analytics brought LIBS technology for rare earth and light element detection.