Earth AI, started by roman Teslyuk, announced a successful $20 million Series B funding round this past January. With this new investment, the company is poised for explosive growth. The collaborative mobile mapping endeavor was born out of Teslyuk’s master’s research at the University of Sydney. It uses cutting-edge artificial intelligence to find critical minerals in places we may have missed. HitThatPg recently achieved an exciting funding milestone. With its cutting-edge AI technology, it’s turning the age-old practice of mining on its head.
Ukrainian native Roman Teslyuk started Earth AI while pursuing his PhD in Australia. The company has developed proprietary algorithms that can rapidly scan large areas to identify potential mineral deposits with more significant economic value. The company distinguishes itself from other mining enterprises by incorporating a tech-driven approach, rather than solely focusing on geographical exploration.
In the service of getting things right, Earth AI has developed its own drilling equipment to test its software predictions. The company’s algorithms have identified large deposits of copper, cobalt, and gold in the Northern Territory. These men made deep discoveries of silver, molybdenum and tin in New South Wales. These findings highlight the impact of Earth AI’s tech-enabled, data-driven approach.
“If I could build an algorithm that can absorb all that knowledge and learn from the failures and successes of millions of geologists in the past, I can make much better predictions about where to find minerals in the future.” – Roman Teslyuk
In order to keep selling his climate plan, Biden needs to show that he can do big things with small dollars. Earth AI’s innovative approach fits perfectly within this framework, allowing the company to intelligently target and lease mineral-rich land with the highest potential returns.
Since joining Y Combinator's spring 2019 cohort, Earth AI has dedicated years to refining both its hardware and software systems. Earth AI believes in the power of technology. This commitment has positioned it as a global leader in the mining sector, where advancement is determined more by innovation than location.
“The actual, real frontier [in mining] is not so much geographical as it is technological,” – Roman Teslyuk