AI-Powered Mining Mineral Startup KoBold Metals Raised $537 Million in Series C Funding at $2.9 Billion Valuation, Raised Total of $1 Billion from Investors Include Durable Capital Partners, T. Rowe Price and Billionaires Bill Gates & Jeff Bezos, Founded in 2018 by Jeff Jurinak, Josh Goldman & Kurt Zenz House
3rd January 2025 | Hong Kong
United States AI-powered mining mineral startup KoBold Metals has raised $537 million in Series C funding at $2.9 billion valuation, raising a total of $1 billion since founding from investors including Durable Capital Partners, T. Rowe Price and Billionaires Bill Gates & Jeff Bezos. KoBold Metals was founded in 2018 by Jeff Jurinak, Josh Goldman & Kurt Zenz House. KoBold – KoBold is building the world’s largest collection of geoscience information. Using AI systems, KoBold interrogates that data to model the sub-surface in the most statistically valid manner ever.
“ AI-Powered Mining Mineral Startup KoBold Metals Raised $537 Million in Series C Funding at $2.9 Billion Valuation, Raised Total of $1 Billion from Investors Include Durable Capital Partners, T. Rowe Price and Billionaires Bill Gates & Jeff Bezos, Founded in 2018 by Jeff Jurinak, Josh Goldman & Kurt Zenz House “
Kurt Zenz House – Kurt is the Co-founder and CEO of KoBold Metals, an AI-driven mineral exploration and development firm that combines the expertise of renowned mineral explorers with data scientists and engineers from top Silicon Valley companies. KoBold is dedicated to discovering the critical materials needed for the energy transition; it’s currently exploring ~60 properties on 4 continents for lithium, copper, cobalt, and nickel, as well as developing it’s Mingomba project into a very large new mine. KoBold has also partnered with established firms like BHP and Rio Tinto. Before KoBold, Kurt founded a carbon sequestration and enhanced oil recovery venture as well as a natural gas asset acquisition platform. Previously, Kurt worked in private equity and corporate consulting at Bain & Company. He has been an Adjunct Professor at Stanford University and was a KAUST Research Fellow at MIT. He received his B.A. in physics from the Claremont Colleges, and his Ph.D. in applied math and earth science from Harvard University.
Josh Goldman – Josh is Co-Founder and President of KoBold Metals Company. Since inception in 2018, KoBold has grown under Josh’s leadership to become one of the top 3 exploration groups worldwide, the largest investor in R&D for exploration. Today, KoBold operates exploration programs guided by proprietary technology on four continents, including the world-class Mingomba copper project in Zambia. Josh’s expertise lies at the intersection of technology and natural resource businesses. Prior to starting KoBold, he was a private equity investor in upstream oil & gas and wrote software to identify undervalued opportunities from large datasets and rigorously underwrite investments in subsurface resources. Previously, he was a consultant with McKinsey & Company, where he advised leading energy and materials companies on strategy, corporate finance, operations, and advanced analytics. Josh earned a Ph.D. in Physics from Harvard University for experiments on quantum computing. He also received master’s degrees in History of Science from Imperial College London and in Applied Mathematics from Cambridge University, where he was a Marshall Scholar, and a B.A. in Physics from Cornell University.
Jeff Jurinak – Jeff is a 35+ year professional in petroleum exploration and production with 20+ years in management of engineering and technology groups. His professional foundation is reservoir engineering and project assessment, and he has significant career experience in exploration management, business strategy and portfolio management, corporate restructuring, and organizational start-up. The core of his career was with Conoco and ConocoPhillips. Jeff served as Chief Reservoir Engineer, responsible for reviewing and approving reservoir engineering for all major exploration and production projects for ConocoPhillips worldwide and for overseeing corporate reserves bookings of 11.5 billion bbl. In this role, Jeff also helped oversee COP’s global exploration portfolio. From 2011-2014, Jeff was Vice President of Development for QGC, part of BG Group, based in Brisbane, Australia. He was responsible for the upstream component of the US$21 billion QCLNG CBM to LNG project, including development geoscience, operations geology, reservoir engineering, production technology, and water resources. Jeff has a Ph.D. in mechanical engineering from the University of Wisconsin, Madison, where he conducted research on solar energy applications.
AI-Powered Mining Mineral Startup KoBold Metals Raised $537 Million in Series C Funding at $2.9 Billion Valuation, Raised Total of $1 Billion from Investors Include Durable Capital Partners, T. Rowe Price and Billionaires Bill Gates & Jeff Bezos, Founded in 2018 by Jeff Jurinak, Josh Goldman & Kurt Zenz House
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