MineSense nabs $23.5 mln in VC to commercialize mining tech
MineSense Technologies, a Vancouver-based digital mining solutions provider, has secured $23.5 million (US$18 million) in its latest financing. The round was led by Prelude Ventures and joined by strategic investors Caterpillar Inc, Mitsubishi Corp and new backer ABB Technology Ventures, the venture capital arm of Europe's ABB Group. Existing investors Aurus Ventures, Chrysalix Venture Capital and Cycle Capital Management also participated. MineSense, founded in 2008, provides real-time, sensor-based ore data and sorting solutions for large-scale mines. CEO Jeff More said the funds raised will accelerate the commercialization of the company's digital offering.
8 August 2018•3 mins read
