KoBold Metals’ core technology centers on the Machine Prospector platform, which applies machine learning to geological datasets (historical drilling results, satellite imagery, and geological indicators) for precise underground mapping, and the TerraShedSM software suite, integrating multi-source data streams to evaluate sites likely to contain cobalt, nickel, and lithium. Proprietary algorithms assess geological formations and predict mineral concentrations, all under strict environmental and ethical standards.
Machine Prospector: a machine-learning platform analyzing drilling results, satellite imagery, and geological indicators to map mineral deposits with high accuracy. TerraShedSM software suite: integrates multiple data streams to target areas rich in battery-essential minerals like cobalt, nickel, and lithium, using proprietary algorithms to predict concentrations.
In 2024, after securing $537 million in Series C funding at a $2.96 billion valuation, KoBold Metals began drilling at the Dumbwa copper prospect in Zambia in 2025, advanced exploration at the Konkola West Project, and developed infrastructure for copper production at the Mingomba project. These efforts are part of over 70 active exploration projects across five continents.
Investors in KoBold Metals include Breakthrough Energy Ventures, Jeff Bezos, Andreessen Horowitz, Durable Capital Partners LP, T. Rowe Price Funds, WCM Investment Management, Equinor, Mitsubishi Corporation and Standard Investments. In 2024, the company raised $537M in a Series C round at a $3.0B valuation.
