Plotlogic develops OreSense®, a patented sensor stack that uses AI to scan core samples, chips and terrain in real time — including mine faces, stockpiles, heavy vehicle loads and plant feed — to produce ore-characterization predictions. Its technology is used to increase output and reduce waste. Named customers include BHP, Vale, South32 and Pilbara Minerals. The company says it has emerged as a global leader in ore characterization in the five years since its founding. Plotlogic plans to use the Series B proceeds to accelerate commercialization, broaden its platform across more touchpoints, expand into North America, and invest in additional R&D. The CEO framed the technology as central to supplying critical minerals for a sustainable future while avoiding past environmental damage. Plotlogic builds a multispectral-plus-LiDAR hyperspectral imaging system (OreSense) that performs spectral analysis on ore to identify and map minerals in situ. The system can be stationary or mobile, scanning ore on conveyor belts or traveling on treads into locations unsafe for people, and is designed to fit into existing mining processes. Plotlogic first deployed OreSense in 2019 and has iterated the product with feedback from major mining companies. By embedding spectral analysis on-site, the company removes the need to send samples to labs and provides real-time information to mine staff, improving operational efficiency. CEO Andrew Job highlights three types of benefits: financial, environmental sustainability (less waste and emissions) and safety, and suggests the technology could help usher in autonomous mining. The company was founded in 2018 in Brisbane, Australia and plans to expand commercial deployments and begin working internationally following its recent fundraise.

Total raised

$46M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2023