Participated · Series B · Aug 2023

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.

Participated · Equity · Nov 2022

Overstory builds an AI-driven grid-resilience platform that analyzes high-resolution satellite data to identify vegetation and infrastructure risks for electric utilities. Its software pinpoints tree-by-tree threats, helping utilities reduce outages, prevent wildfires, and optimize maintenance budgets. The company recently introduced the next generation of its Wildfire Intelligence product, featuring a proprietary Fuel Detection Model that locates the highest-risk fuels and recommends precise mitigation actions. Overstory reports that it now serves six of the ten largest utilities across the Americas. The team has grown to more than 80 employees representing 16 nationalities and spans machine learning, data science, arboriculture, and wildfire expertise. With new leadership from incoming COO Tamara Mendelsohn, the firm plans to accelerate AI risk-model development, broaden its wildfire-prevention suite, and expand its global footprint. Overstory maintains dual headquarters in Boston and Amsterdam.