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E-Commerce Internet Mineral Mining Precious Metals Western Europe

Open Mineral Raises $33M in Series C Funding

– Open Mineral develops a blockchain-based platform for the supply chain of raw materials.
– Series C round $33m brings company valuation to $120m.
– The round was led by Mubadala Investment Company with participation from existing investors Xploration Capital and Emerald Technology Ventures and new investors Statkraft and Lingfeng Capital.
– The new investment will be aimed at accelerating its growth, solidifying its physical supply chain merchant activities, and advancing its position in digitizing metal raw material trading.

B2B Logistics Marketplace Mining North America Software Supply Chain Management

Felux Raises $5.1M in Seed Funding

– Felux is a B2B marketplace and supply chain platform for the steel and industrial industry.
– Company raised $5.1m in seed funding.
– The round was led by Expa, with participation from 8VC and Lightbank.
– The new investment will be used to continue expanding operations and business reach.

Mining Mining Technology North America

Novamera Closes $5 Million Series A Financing to Advance Its Precision Mining Solution – Sustainable Mining by Drilling

– Novamera closed its $5m Series A financing round.
– BDC Capital’s Industrial Innovation Venture Fund was the lead investor and Chrysalix Venture Capital also participated with a follow-on investment.
– The financing will primarily fund Novamera’s full field trial of the Sustainable Mining by Drilling (“SMD”) solution.
– The field trial, which is taking place at Anaconda Mining’s project site in Newfoundland, has commenced and will be ongoing until the end of November.
– The Company is carrying out a proof of concept, testing the entire SMD system and process.

Construction Mining North America

SafeAI Raises $21M in Series A Funding

– SafeAI, a Milpitas, California-based autonomous heavy equipment company, raised $21m in Series A funding.
– The round was led by Builders VC with participation from new investors LTC, DG Ventures, MACA and Vimson Group and existing investors Autotech Ventures, Brick and Mortar Ventures, Embark Ventures, Monta Vista Capital and Obayashi Corporation.
– The company intends to use the funds to advance its interoperable autonomous technology through accelerated research and development and accelerate global expansion.

Construction Energy Industrial Information Technology Internet of Things Manufacturing Mining North America Oil and Gas Software

Triax Technologies Raises $12.5 Million Series A Funding Round to Expand Team, Scale Globally

– Triax technologies raised a Series A funding round of $12.5m.
– The round was led by McRock Capital, an institutional investor focused on industrial IoT.
– Triax will use the funding to grow the team and scale its solutions globally.
– Triax will immediately begin to expand its talented team with openings in several areas across the company.
– It is seeking team members with domain-specific technical skills, who would work well in a community-minded, fair and transparent culture.

Blockchain Financial Services Information Technology Mining North America

Luxor Technology Closes $5.0M Round Led by NYDIG, With Participation From US Mining Firms

– Luxor Technology Corporation announced the closing of a $5m Series A led by NYDIG.
– Luxor and NYDIG offer complementary products to the rapidly evolving mining industry.
– Luxor and NYDIG are providing best-in-class services to miners looking to improve their operations and investors getting exposure to mining.
– Luxor’s proprietary technology has the potential to supercharge returns for miners.
– Luxor’s Switch software product is a profit-switching algorithm that maximizes earnings by switching between blockchains and venues to maximize hashrate rewards.

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