• Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.51-4.18%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$111,172.000.35%
  • ethereumEthereum(ETH)$2,711.923.77%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.472.50%
  • binancecoinBNB(BNB)$689.030.84%
  • solanaSolana(SOL)$184.465.33%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2507054.46%
  • cardanoCardano(ADA)$0.835.60%
  • tronTRON(TRX)$0.2750471.99%
  • staked-etherLido Staked Ether(STETH)$2,711.454.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$111,022.000.47%
  • SuiSui(SUI)$3.91-2.64%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • HyperliquidHyperliquid(HYPE)$35.9217.45%
  • Wrapped stETHWrapped stETH(WSTETH)$3,261.884.27%
  • chainlinkChainlink(LINK)$17.034.39%
  • avalanche-2Avalanche(AVAX)$25.759.07%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • stellarStellar(XLM)$0.3089333.93%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • shiba-inuShiba Inu(SHIB)$0.0000164.85%
  • bitcoin-cashBitcoin Cash(BCH)$453.888.21%
  • hedera-hashgraphHedera(HBAR)$0.2081434.49%
  • leo-tokenLEO Token(LEO)$8.880.01%
  • ToncoinToncoin(TON)$3.203.03%
  • litecoinLitecoin(LTC)$102.143.51%
  • polkadotPolkadot(DOT)$5.085.43%
  • wethWETH(WETH)$2,719.073.71%
  • moneroMonero(XMR)$387.60-1.69%
  • USDSUSDS(USDS)$1.000.01%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • PepePepe(PEPE)$0.00001613.77%
  • Bitget TokenBitget Token(BGB)$5.615.89%
  • Wrapped eETHWrapped eETH(WEETH)$2,897.364.59%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.00%
  • Pi NetworkPi Network(PI)$0.81-4.21%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.51-4.18%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$111,172.000.35%
  • ethereumEthereum(ETH)$2,711.923.77%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.472.50%
  • binancecoinBNB(BNB)$689.030.84%
  • solanaSolana(SOL)$184.465.33%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2507054.46%
  • cardanoCardano(ADA)$0.835.60%
  • tronTRON(TRX)$0.2750471.99%
  • staked-etherLido Staked Ether(STETH)$2,711.454.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$111,022.000.47%
  • SuiSui(SUI)$3.91-2.64%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • HyperliquidHyperliquid(HYPE)$35.9217.45%
  • Wrapped stETHWrapped stETH(WSTETH)$3,261.884.27%
  • chainlinkChainlink(LINK)$17.034.39%
  • avalanche-2Avalanche(AVAX)$25.759.07%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • stellarStellar(XLM)$0.3089333.93%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • shiba-inuShiba Inu(SHIB)$0.0000164.85%
  • bitcoin-cashBitcoin Cash(BCH)$453.888.21%
  • hedera-hashgraphHedera(HBAR)$0.2081434.49%
  • leo-tokenLEO Token(LEO)$8.880.01%
  • ToncoinToncoin(TON)$3.203.03%
  • litecoinLitecoin(LTC)$102.143.51%
  • polkadotPolkadot(DOT)$5.085.43%
  • wethWETH(WETH)$2,719.073.71%
  • moneroMonero(XMR)$387.60-1.69%
  • USDSUSDS(USDS)$1.000.01%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • PepePepe(PEPE)$0.00001613.77%
  • Bitget TokenBitget Token(BGB)$5.615.89%
  • Wrapped eETHWrapped eETH(WEETH)$2,897.364.59%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.00%
  • Pi NetworkPi Network(PI)$0.81-4.21%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Bill Gates, Jeff Bezos-backed mining startup KoBold raises $537M

January 1, 2025
in Business
Reading Time: 2 mins read
A A
Bill Gates, Jeff Bezos-backed mining startup KoBold raises $537M
ShareShareShareShareShare

KoBold, a US mining startup backed by billionaire investors including Bill Gates and Jeff Bezos, raised $537 million in its latest funding round, the company said.

The funding round, co-led by investors Durable Capital Partners LP and T. Rowe Price, valued KoBold at $2.96 billion, according to the company.

Existing backers including venture capital firm Andreessen Horowitz and Gates’ Breakthrough Energy Ventures, which counts Bezos as an investor, also participated in the funding round, as well as new money from StepStone.

KoBold discovered a huge copper deposit in Zambia in southern Africa last February. KoBold Metals

The US mining startup has raised a whopping $1 billion to date as it seeks to undermine China’s dominance in the mineral supply chain.

KoBold uses artificial intelligence, including OpenAI’s generative AI, to sift through historical and scientific data to find mineral deposits.

The US relies heavily on China for the supply of in-demand metals like copper, lithium and nickel – used for mobile phones, data centers and batteries for electric vehicles.

“KoBold’s mission is to expand and diversify the global supply of critical resources essential for prosperity, energy technology, AI, and security,” KoBold CEO Kurt House said in a statement.

The multi-million-dollar investment will be used to fund new exploration projects and boost research and development, the company said. 

The funding will be used to advance “high-potential projects,” like a huge copper deposit in Zambia that KoBold discovered last February, the company added.

Bill Gates’ Breakthrough Energy Ventures participated in the latest funding round for KoBold. GC Images
Billionaire Amazon founder Jeff Bezos is also backing the AI-powered mining startup. AP

The $2 billion mine will produce at least 300,000 tons of copper per year, the company has said.

“KoBold shows how the combination of scientific excellence and AI can enable the discovery of critical metals for the global energy transition,” Henry Ellenbogen, managing partner and chief investment officer at Durable Capital Partners LP, said in a statement.

Credit: Source link

YOU MAY ALSO LIKE

FTC tosses PepsiCo price-fixing lawsuit, slams agency’s ex-boss

Kathryn Wylde, NYC power broker, announces retirement

ShareTweetSendSharePin

Related Posts

FTC tosses PepsiCo price-fixing lawsuit, slams agency’s ex-boss
Business

FTC tosses PepsiCo price-fixing lawsuit, slams agency’s ex-boss

May 22, 2025
Kathryn Wylde, NYC power broker, announces retirement
Business

Kathryn Wylde, NYC power broker, announces retirement

May 22, 2025
Bill Ackman’s Pershing Square bought Amazon stake at ‘extremely attractive’ price
Business

Bill Ackman’s Pershing Square bought Amazon stake at ‘extremely attractive’ price

May 22, 2025
Google faces DOJ antitrust probe over Character.AI chatbot deal
Business

Google faces DOJ antitrust probe over Character.AI chatbot deal

May 22, 2025
Next Post
Meet the Press NOW — Dec. 17

Meet the Press NOW — Dec. 17

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Logitech launches G522 gaming headset for personal expression

Logitech launches G522 gaming headset for personal expression

May 21, 2025
Widow sues National Geographic alleging his appearance in film caused his murder

Widow sues National Geographic alleging his appearance in film caused his murder

May 22, 2025
PCMM: Innovative Private Credit CLO Fund

PCMM: Innovative Private Credit CLO Fund

May 22, 2025

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!