What is MineSense?
Founded in 2008, MineSense operates at the intersection of industrial technology and environmental stewardship. The company provides a robust, scalable platform that utilizes advanced sensor technology to provide real-time data analytics, allowing mining operations to make informed decisions that maximize resource conversion and metal recovery. By reducing the consumption of water, energy, and chemical reagents, MineSense offers a dual value proposition: increasing revenue for mining operators while significantly lowering the environmental impact of extraction activities. Its presence in major mining jurisdictions positions it as a key player in the digital transformation of the global mining sector.
How much funding has MineSense raised?
MineSense has raised a total of $68.8M across 6 funding rounds:
Private Equity
$2.5M
Private Equity
$4.8M
Debt
$954K
Private Equity
$14.5M
Private Equity
$4M
Series E
$42M
Private Equity (2013): $2.5M, investors not publicly disclosed
Private Equity (2014): $4.8M, investors not publicly disclosed
Debt (2016): $954K, investors not publicly disclosed
Private Equity (2017): $14.5M featuring Cycle Capital Management, Chrysalix Venture Capital, Export Development Canada, Prelude Ventures, and Aurus Ventures
Private Equity (2018): $4M backed by Mitsubishi International Corporation
Series E (2022): $42M with participation from Chrysalix Venture Capital, BDC Industrial Innovation Venture Fund, Cycle Capital Management, Prelude Ventures, J.P. Morgan Asset Management, and Evok Innovations
Key Investors in MineSense
Cycle Capital Management
Cycle Capital is a venture capital firm founded in 2009 that focuses on building innovative clean technology companies globally, managing a platform of seven investment funds targeting DeepTech and circular innovation.
Prelude Ventures
Prelude Ventures is an investment firm that focuses on supporting early-stage startups with significant potential to mitigate climate change, prioritizing sectors such as energy, manufacturing, and mobility.
J.P. Morgan Asset Management
J.P. Morgan Asset Management is a global financial services firm providing comprehensive portfolio management solutions and investment strategies for institutions and individual investors worldwide.
What's next for MineSense?
With the successful closure of this major enterprise-level funding, MineSense is well-positioned to accelerate its global expansion and deepen its R&D efforts in industrial optimization. The strategic focus will likely center on enhancing the integration of its sensor-based systems into existing mining workflows, thereby solidifying its market position as an essential partner for large-scale mining operations seeking to meet stringent sustainability targets. As the industry faces increasing pressure to improve ESG performance, MineSense's ability to deliver measurable improvements in resource recovery will be a primary driver of its future growth and long-term commercial viability.
See full MineSense company page
