Paris-based Lithosquare raises €21.3 million to accelerate transition-critical mineral discovery with Geology AI
Paris-based Lithosquare has secured €21.3 million to advance critical mineral discovery using its AI-powered platform. This significant funding round, co-led by World Fund and Kindred Capital, underscores the growing urgency to address supply chain gaps for minerals essential to the global energy transition. The investment aims to accelerate the identification and development of these vital resources, bolstering European technological independence. Lithosquare's innovative approach combines foundational AI with deep geological expertise to drastically shorten the mineral exploration timeline. Traditionally, this process can take 7 to 15 years, with geologists dedicating up to 80% of their time to data processing. By automating and accelerating exploration workflows, Lithosquare's platform aims to increase discovery efficiency by up to tenfold, reducing analysis from months to days. This breakthrough technology is critical for meeting the surging demand for metals like lithium and copper, driven by electrification, AI data centers, and grid infrastructure upgrades. With projected supply gaps potentially reaching hundreds of billions of euros by 2040, Lithosquare's ability to rapidly discover new deposits is crucial. The platform augments geologists' capabilities, enabling more precise targeting, reducing unnecessary drilling, and ultimately supporting a more resilient and sustainable supply of raw materials for European industries.
Curated and translated by Europe Digital for our multilingual European audience.
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