Loading organizations...
MineSense Technologies provides digital mining solutions, specializing in real-time, sensor-based ore sorting. Its ShovelSense and BeltSense products integrate advanced sensor technology onto mining equipment and conveyor belts, scanning and estimating material grade. This delivers precise ore characteristics at the face, enabling smart routing and new orebody knowledge via AI-powered analytics, optimizing mine-to-mill reconciliation.
The company originated as a research project at the University of British Columbia (UBC), incorporating in 2008. This work recognized the potential to improve resource recovery and reduce waste by leveraging real-time, high-resolution ore composition data. MineSense utilized academic expertise to address critical material classification inefficiencies.
Mining companies worldwide employ MineSense products to enhance profitability and sustainability. The company’s mission is to radically elevate mining profitability and sustainability, increasing mineral recovery and minimizing environmental impacts. Its long-term vision maximizes global metals output, reducing the industry's environmental footprint, fostering a sustainable future.
MineSense Technologies has raised $102.0M across 7 funding rounds.
MineSense Technologies has raised $102.0M in total across 7 funding rounds.
MineSense Technologies is a Vancouver-based mining technology company founded in 2008 that develops digital sensing and IoT platforms for real-time bulk ore sorting, primarily for copper, zinc, and nickel mines[1][2][4][6]. Its flagship product, ShovelSense, installs on mobile excavation equipment like shovels to measure ore grade and characteristics at the mine face, enabling precise ore-from-waste separation, reduced energy/water/chemical use, up to 20% margin enhancement, and extended mine life through improved recovery and efficiency[1][2][3][6]. The company serves large-scale mining operations worldwide, solving the critical problem of waste in ore and ore in waste misrouting, which boosts profitability and sustainability amid rising demand for critical metals[2][5][6]. With $109.38M raised, recent accolades like the 2025 Deloitte Technology Fast 50 and Global Cleantech 100 Hall of Fame, and expanding global projects, MineSense demonstrates strong growth momentum[4][5][6].
MineSense originated as a research project at the University of British Columbia (UBC) in Canada, incorporating in 2008 as a British Columbia-based technology firm focused on enhancing mining sustainability through precise ore extraction and recovery[3][4][6]. Early development centered on proprietary sensing algorithms for real-time ore characterization, leading to pivotal traction via government and investor funding, including from BDC Capital, and awards in tech, mining, and sustainability[1][6]. Key milestones include scaling from concept to commercial deployment of ShovelSense and BeltSense systems, with headquarters in Vancouver and a South American base in Santiago, Chile, now supporting a global team and projects[5][6].
MineSense rides the wave of digital mining transformation and cleantech innovation, addressing surging global demand for critical metals like copper for EVs, renewables, and AI infrastructure amid supply shortages[2][5]. Timing is ideal as mines face pressure to boost efficiency from existing orebodies—extending life, cutting emissions—aligning with ESG mandates, regulatory pushes for sustainability, and AI/IoT adoption in resource extraction[1][3][6]. Market forces like volatile commodity prices, energy costs, and environmental scrutiny favor its pre-concentration tech, which differentiates from competitors like NextOre (magnetic resonance) by focusing on face-of-mine precision[4]. By enabling higher metal recovery with lower impacts, MineSense influences the ecosystem, accelerating sustainable mining practices and supporting the energy transition[2][5].
MineSense is poised for accelerated global expansion, building on 2025 Fast 50 recognition and Cleantech Hall of Fame status to deploy ShovelSense/BeltSense at more copper/zinc/nickel sites, potentially doubling revenue through new contracts in high-demand regions like South America[5][6]. Trends like AI-enhanced geoscience, stricter net-zero mining standards, and critical minerals shortages will propel its trajectory, with R&D investments yielding next-gen sensors for broader minerals[5][6]. Its influence may evolve from pioneer to industry standard-setter, reshaping profitability models as mines prioritize orebody intelligence—ultimately proving that precision at the face unlocks the metals needed for a sustainable world, echoing its mission to radically elevate mining[2][6].
MineSense Technologies has raised $102.0M across 7 funding rounds. Most recently, it raised $42.0M Series E in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2022 | $42M Series E | — | BDC Venture Capital, Chrysalix Venture Capital, Element Partners, Galvanize Climate Solutions, Prelude Ventures | Announced |
| Mar 1, 2020 | $3M Series U | — | BDC Venture Capital | Announced |
| Aug 1, 2018 | $18M Series D | — | BDC Venture Capital, Chrysalix Venture Capital, Element Partners, Galvanize Climate Solutions, Prelude Ventures | Announced |
| Feb 1, 2017 | $19M Series C | — | BDC Venture Capital, Chrysalix Venture Capital, Element Partners, Galvanize Climate Solutions, Prelude Ventures | Announced |
| Sep 1, 2016 | $12M Series B | — | BDC Venture Capital, Chrysalix Venture Capital, Element Partners, Galvanize Climate Solutions, Prelude Ventures | Announced |
| Dec 1, 2014 | $6M Series B | — | BDC Venture Capital, Chrysalix Venture Capital, Prelude Ventures, Element Partners, Galvanize Climate Solutions | Announced |
| Mar 1, 2013 | $2M Series A | — | BDC Venture Capital, Chrysalix Venture Capital, Prelude Ventures | Announced |
MineSense Technologies has raised $102.0M in total across 7 funding rounds.
MineSense Technologies's investors include BDC Venture Capital, Chrysalix Venture Capital, Element Partners, Galvanize Climate Solutions, Prelude Ventures.
