What is Plotlogic?
Plotlogic provides mining operators with real-time, precise insights into the location and material properties of every rock within their mines. This advanced ore-body knowledge empowers leading mining companies to make more informed decisions, leading to improved ore recovery, reduced dilution, and enhanced environmental and social governance performance. The company's technology is designed to bring a new level of precision to a traditionally complex and data-intensive industry.
How much funding has Plotlogic raised?
Plotlogic has raised a total of $46M across 2 funding rounds:
Series A
$18M
Series B
$28M
Series A (2022): $18M with participation from DCVC Management, Baidu Ventures, 8VC, Innovation Endeavors, BHP Ventures, Bentley iTwin Ventures, and GRIDS Capital
Series B (2023): $28M led by Schneider Electric and Schneider Electric Ventures
Key Investors in Plotlogic
Schneider Electric
Schneider Electric is a global specialist in energy management and automation, providing integrated solutions for efficiency and sustainability across various sectors. Their investment in Plotlogic suggests a strategic alignment with advancements in industrial technology and resource management.
Schneider Electric Ventures
SE Ventures is the venture capital arm of Schneider Electric, focusing on Climate Tech and Industrial Tech. They aim to drive scale for startups through commercial collaborations, indicating a strong interest in innovative solutions that enhance sustainability and efficiency in industrial operations.
DCVC Management
DCVC is a venture capital firm specializing in deep tech, investing in companies that tackle significant global challenges. Their involvement suggests Plotlogic's technology is recognized for its potential to drive substantial advancements through scientific and engineering innovation.
What's next for Plotlogic?
The recent major strategic investment signifies a pivotal moment for Plotlogic, likely enabling the company to accelerate its product development, expand its market reach, and further solidify its position as a leader in mining technology. This capital infusion is expected to fuel innovation and support the scaling of its operations to meet the growing demand for precision mining solutions. The company's trajectory suggests a focus on deepening its technological capabilities and forging stronger partnerships within the global mining sector.
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