Augment Technologies is a West Australian technology company specializing in AI, IoT, and blockchain solutions, primarily targeting the mining sector to solve complex, high-value problems that clients cannot address independently.[1] It develops products like the cornerstone Ore Movement Policy (OMP), an AI-driven 3D blast movement software using physics engines and machine learning to transform ore control block models into accurate Muckpile Block Models™ post-blast, enabling mine-to-mill optimization across the mining value chain.[1][2] The company serves mining organizations globally (Australia, Africa, Americas), leveraging a lean, agile methodology for commercially lucrative deployments, with a small team (<25 employees) and revenue under $5 million.[1][2]
Note: Multiple companies share the "Augment" name, including goaugment.io (AI/data strategy for financial services, media, ecommerce, insurance), augment.co (B2B sales AI platform), and augmentt.com (SaaS security for MSPs).[3][4][5] This profile focuses on Augment Technologies (augmenttechnologies.ai) as the primary match for a mining-AI tech firm with product emphasis.[1][2]
Augment Technologies emerged as a proudly West Australian innovator, building a global team of AI specialists with proven experience delivering practical solutions across Australia, Africa, and the Americas.[1] While exact founding year and founders are not detailed in available sources, the company evolved from expertise in AI convergence—integrating AI, IoT, and blockchain—to focus on mining's high-value opportunities, from exploration to mine closure.[1] A pivotal product, OMP, became its cornerstone, addressing blast movement challenges with physics and ML for rapid, accurate post-blast modeling, marking early traction in mine-to-mill processes.[1][2]
Augment Technologies rides the AI convergence wave in heavy industry, particularly mining, where AI unlocks value in ore movement, blast optimization, and mine-to-mill workflows amid rising demands for efficiency and sustainability.[1] Timing aligns with global mining digitization, as operations face resource scarcity, environmental pressures, and automation needs—AI tools like OMP provide quick, impactful data for decisions, outpacing traditional methods.[1][2] Market forces favoring it include mining's AI adoption surge (e.g., exploration to closure tech) and demand for non-disruptive augmentations for legacy operations.[1] It influences the ecosystem by proving scalable AI for high-stakes industries, potentially inspiring similar physics-ML hybrids beyond mining.
Augment Technologies is poised to expand its mining AI roadmap globally, targeting untapped value chain segments like pit-to-port with OMP evolutions and new products.[1] Trends like AI-driven sustainability in mining and edge IoT/blockchain integration will shape its path, amplifying growth as resource firms prioritize tech for profitability.[1][2] Its influence may evolve from niche specialist to broader industrial AI leader, especially if it scales employee base and revenue amid strong market interest in business services.[2] This positions Augment as a key player augmenting AI capabilities where traditional players falter, echoing its core mission.
Augment has raised $91.0M in total across 2 funding rounds.
Augment's investors include Redpoint Ventures, 20VC, Afore Capital, Ascend Vietnam Ventures, Autotech Ventures, BILL, Browder Capital, Countdown Capital, eFounders, Felix Capital, Fireside Ventures, Founders' Co-op.
Augment has raised $91.0M across 2 funding rounds. Most recently, it raised $85.0M Series A in September 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2025 | $85.0M Series A | Redpoint Ventures | |
| Nov 1, 2023 | $6.0M Seed | 20VC, Afore Capital, Ascend Vietnam Ventures, Autotech Ventures, BILL, Browder Capital, Countdown Capital, eFounders, Felix Capital, Fireside Ventures, Founders' Co-op, Founders Fund, Kima Ventures, Leap Forward Ventures, Matrix, Motier Ventures, Pareto Holdings, Point Nine Capital, Seven Seven Six, The Hit Forge, Thirty Five Ventures, Yamaha Motor Ventures, Akin Babayigit, Alex Payne, Austin Walters, Cory Levy, Derrick Li, Dharmesh Shah, Maria Raga, Mario Götze, Nicolas Julia, Robin Sabban, Ryan Chan, Thibaud Elziere, Youcef Es-skouri |
