$ cat ./records/gates-and-bezos-backed-kobold-metals-raises-537-million-for-ai-dr-2025.txt
Gates- and Bezos-backed KoBold Metals raises $537 million for AI-driven mineral exploration
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In January 2025 KoBold Metals — an AI-driven minerals-exploration company backed by Bill Gates's Breakthrough Energy Ventures and Jeff Bezos — raised $537 million at a valuation near $3 billion. KoBold uses artificial intelligence to analyze vast scientific datasets and locate deposits of copper, lithium, and nickel critical to electric vehicles, batteries, and data-center infrastructure. The round, led by Durable Capital Partners and T. Rowe Price funds, underscored investor appetite for technologies that speed the hunt for the critical minerals underpinning the energy transition. Gates has championed such 'climate plus AI' bets through Breakthrough Energy.
Source: https://fortune.com/2025/01/02/kobold-mining-jeff-bezos-bill-gates-investment-round-copper-lithium/
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