Led · Seed · Aug 2026

LoopX develops a physical AI platform that combines thermal computer vision, edge computing and proprietary AI models trained on data collected from operating mine sites. Its product portfolio includes a collision avoidance system for mobile mining equipment, LoadSight for automated payload measurement and material tracking, and BoomGuard for active safety around boom-operated machinery. The company’s systems are deployed at eight active mining sites operated by customers and contractors including Vale Base Metals and Cementation Americas. LoopX uses data collected from deployments to improve its models, system reliability and implementation processes. The company plans to expand its applied AI engineering, customer success and go-to-market teams following its seed raise.

Participated · Equity · Jul 2026

Emesent develops sensors that attach to drones and pairs them with autonomous AI and 3D mapping software to survey areas without GPS. Its technology has been adopted by major mining customers including BHP and Rio Tinto, and the company serves customers across Australia, the US and Europe. Construction and mining have been its primary use cases, and it has recently moved to pursue defence reconnaissance opportunities. Emesent operates a manufacturing plant in Wacol, Queensland and plans to scale capacity to meet rising demand. The company had a $32 million Series A in 2022 backed by Tiger Global and Perennial Partners, and currently employs 109 people with plans to add 20 more roles following the new raise.

Participated · Series B · May 2026

Thea Energy builds pixel-inspired rectangular magnets and software to generate and fine-tune stellarator magnetic fields, using many smaller planar coils to shape plasma confinement. The company says its approach lets software control arrays of regular magnets to create complex stellarator fields, and it has built dozens of full-scale magnet iterations in its Jersey City lab. Thea originally spun out of the Princeton Plasma Physics Laboratory and has iterated its design to include a set of larger magnets alongside more than 300 smaller coils that fine-tune the plasma. With $130 million in total private funding after the new Series B, Thea is scaling magnet manufacturing and plans to begin construction of its Eos demonstration reactor next year. The company aims to complete Eos by 2030 and bring a commercial device, Helios, online in 2034.

Participated · Series C · Jan 2026

Zanskar combines artificial intelligence, modern drilling techniques, and computational geoscience to find, assess, and develop geothermal energy resources. The company has a portfolio of greenfield geothermal projects, including the Lightning Dock site in New Mexico and recent discoveries at Pumpernickel and Big Blind in Nevada, plus two announced discovery sites in Nevada. Financially, Zanskar completed a $115 million Series C in January 2026 (later expanded with additional investment from Just Climate) and has now closed a $40 million revolving Development Capital Facility structured to scale to $100 million. Zanskar plans to use the new facility to fund pre-construction work and bridge projects to traditional project financing so it can rapidly build multiple geothermal power plants. The company aims to deliver gigawatts of clean, firm power to U.S. customers and expects to create hundreds of jobs as it scales development. Zanskar markets its approach as making geothermal more predictable, lowering development costs, and enabling large-scale deployment of dispatchable baseload power.

Participated · Seed · May 2025

Alta Resource Technologies has built an engineered‑protein platform that selectively binds and separates critical minerals, including rare earth elements, from low‑grade ores, tailings, waste streams and end‑of‑life products. The company’s approach, developed with Lawrence Livermore National Laboratory and Pennsylvania State University researchers, aims to deliver higher precision and lower environmental impact than conventional separation methods. Alta plans to use new capital to expand its technical team, advance commercial pilots, and extend the platform to additional metal targets and feedstocks. The technology targets domestic supply‑chain resilience for materials used in electronics, clean energy, and defense. Alta has also received grant support from federal partners and the State of Colorado to complement private investment. The company is based in Boulder, Colo. Alta Resource has developed a biology-based process that uses specially designed proteins attached to a resin to selectively capture rare earth elements from solutions derived from electronic waste or virgin ore. The proteins are loaded into columns through which solutions percolate; the proteins bind the metals and the column is later flushed to release them, and Alta says the proteins have proven durable. The company argues biology offers selectivity advantages over traditional multi-step chemical refining, which relies on toxic chemicals. Alta plans to build a pilot-scale plant this year about the size of a shipping container and aims to refine and scale the technology. Management has said it has reasonable conviction the federal government will help fund part of the pilot, and the company highlights a near-term market in meeting U.S. defense single-digit-thousands-of-tons needs. Financially, Alta raised a $5.1M seed round and has secured about $1M in grant funding from DARPA and the state of Colorado.