About Mining Tech
There are 802 companies in the Mining Tech sector across the world, with 260 funded companies having collectively raised $5.1B in venture capital money and private equity. Overall 174 of these are Series A+ funded, and 1 of these is a unicorn.
Mining Tech sector has seen 88 acquisitions and 25 IPOs. This represents almost 14.1% of all such companies - which is higher than the 4.9% exit rate of tech companies in general.
This sector includes companies which provide technology solutions including software applications, new-age hardware and tech-enabled services across the mining value chain.
Mining Tech sector is also known as Smart Mining.
Companies included in Mining Tech sector
Companies which provide software solutions for exploration, mine planning, operations, refinery, inventory management, supply chain management and also general management solutions for mining like finance and accounting, HR, health safety and compliance, data and analytics, and simulators. Also included are companies providing tech-enabled services through proprietary hardware such as drill rig alignment technology, communication technologies, etc.Companies excluded in Mining Tech sector
Companies that manufacture traditional equipment, business services companies in staffing, marketing, IT services, consulting and online listing platforms for software/hardware products.Market Map of Mining Tech
The market map of Mining Tech gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Trending business models in Mining Tech sector are Mineral Recovery from Waste, Biomining and Autonomous Mining Vehicles.
Reports related to Mining Tech
Here are some reports related to Mining Tech sector:
Free
Mining Tech - Sector Report
Edition: October, 2025 (68 Pages)
Premium
Mining Tech Investor Landscape
Edition: May, 2025 (12 Pages)
Premium
Mining Exit Landscape
Edition: November, 2025 (15 Pages)
View all reports related to Mining Tech. Sign up today!Top Companies in Mining Tech
There are more than 802 companies in Mining Tech. KoBold Metals is the top Mining Tech company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Mining Tech companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of technology and exploration projects focused on critical mineral discovery | Berkeley (United States) | 2018 | Series D | $1.22B | |
Provider of AI-based subsurface mapping services | Tel Aviv (Israel) | 2020 | Series B | $271M | |
Developer of a process for extracting lithium | Calgary (Canada) | 2018 | Series B | $95.7M | |
Online mineral recovery from mining waste platform | Woburn (United States) | 2019 | Series B | $149M | |
Developer of modular scalable lithium refining technology for battery‑grade production | Delta (Canada) | 2013 | Series B | $46.5M |
Companies founded year-on-year in the Mining Tech sector
1 new startup has been founded so far in 2026 in the Mining Tech sector. 42 Mining Tech startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 7 |
2024 | 22 |
2023 | 21 |
2022 | 40 |
2021 | 31 |
2020 | 42 |
2019 | 33 |
2018 | 40 |
2017 | 34 |
Companies founded across countries in the Mining Tech sector
United States has 179 Mining Tech startups, the most by any country, followed by Australia which has 175 startups and Canada which has 124.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 179 |
Australia | 175 |
Canada | 124 |
South Africa | 43 |
India | 42 |
United Kingdom | 37 |
Chile | 23 |
Germany | 18 |
China | 15 |
France | 12 |
Stage-wise distribution of the Mining Tech sector
Out of the total 802 Mining Tech companies, 260 have secured funding. Among them, 174 have reached Series A or higher, and 150 to Series B or beyond.
Founded - 802
Funded - 260
Series A+ - 174
Series B+ - 150
Series C+ - 126
Company Stage | No. of companies |
|---|---|
Founded | 802 |
Funded | 260 |
Series A+ | 174 |
Series B+ | 150 |
Series C+ | 126 |
Want to know more about Mining Tech ? Signup and explore Tracxn for free
- 800+ Total Companies
- $5.1B+ Total Funding
- 255+ Funded Companies
- 20+ IPOs
- 85+ Acquisitions
- 5+ Reports
Funding Trends in the Mining Tech sector
Total funding year-on-year in the Mining Tech sector
The Mining Tech sector saw a total funding of more than $4.48B in the last 10 years. The most amount of funding was in 2024 at more than $1.05B. There has been a total funding of $225M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $225M |
2025 | $920M |
2024 | $1.05B |
2023 | $760M |
2022 | $608M |
2021 | $412M |
2020 | $128M |
2019 | $204M |
2018 | $84.7M |
2017 | $97M |
Total funding across countries in the Mining Tech sector
In the last 10 years, Mining Tech startups in United States have recieved the highest funding among all countries - $2.23B. Canada follows with $1.07B and China with $254M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $2.23B |
Canada | $1.07B |
China | $254M |
Australia | $222M |
France | $61.4M |
United Kingdom | $47.4M |
Germany | $42.2M |
Finland | $14.9M |
Sweden | $7.07M |
India | $1.7M |
Total funding amount raised by stage in the Mining Tech sector
Over the last 10 years, the Mining Tech sector have seen $214M into Seed Stage funding rounds, $2.04B into Early Stage funding rounds and $1.73B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Early Stage | $2.04B |
Late Stage | $1.73B |
Post IPO | $286M |
Seed Stage | $214M |
Debt | $115M |
Grant | $80.2M |
Recent Funding Rounds in Mining Tech
In the year 2026, till February 2026, Mining Tech companies have raised $53.3M in equity funding across 6 rounds.
In the same period last year (i.e. till February 2025), Mining Tech companies had raised $104M across 7 rounds.
So, 2026 has seen a 48.54% drop in funding in Mining Tech companies as compared to 2025.
Here are some recent, important funding rounds in Mining Tech:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 3369 | Feb 18, 2026 | ||
Series A | 4879 | Feb 09, 2026 | and 1 more | |
Seed | 5921 | Feb 05, 2026 | ||
Series A | 2618 | Jan 20, 2026 | and 1 more | |
Seed | 6767 | Jan 15, 2026 |
Top Investors in Mining Tech
Europa is the top investor in Mining Tech companies based on number of companies invested.
Here are some top investors in Mining Tech:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oak Ridge (United States) | ||
Kirkland (United States) | ||
Mountain View (United States) | ||
Vancouver (Canada) |
M&A activity in Mining Tech
In the year 2026, till February 2026, 2 acquisitions happened in Mining Tech sector. Last year, in 2025, a total of 9 acquisitions happened in Mining Tech sector.
Here are some recent, important acquisitions in Mining Tech:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Feb 12, 2026 | ||
Business Acquisition | Jan 19, 2026 | ||
Business Acquisition | Dec 17, 2025 | ||
Business Acquisition | Nov 30, 2025 | ||
Business Acquisition | Oct 12, 2025 |
Acquisition trends in Mining Tech
Here are the acquisition trends in Mining Tech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 9 |
2024 | 7 |
2023 | 3 |
2022 | 11 |
2021 | 17 |
2020 | 9 |
2019 | 7 |
2018 | 10 |
2017 | 7 |
IPOs in Mining Tech
In the year 2024, till August 2024, 1 IPO happened in Mining Tech sector.
Here are some recent, important IPOs in Mining Tech:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 15, 2024 | Canadian Securities Exchange (CSE) | |
Apr 01, 2022 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Feb 11, 2022 | Australian Securities Exchange (ASX) | |
Jan 21, 2022 | Australian Securities Exchange (ASX) | |
Jan 07, 2022 | Toronto Stock Exchange - Venture Exchange (TSX-V) |
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Colleges which produce the most Mining Tech companies
Companies founded by alumni from top colleges in the Mining Tech sector
Most number of Mining Tech startups have been founded by alumni from Massachusetts Institute of Technology, University of California (Berkeley) and University of Cambridge.
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 9 |
University of California (Berkeley) | 7 |
University of Cambridge | 7 |
University of Pennsylvania | 6 |
University of Toronto | 6 |
Cornell University | 4 |
Harvard University | 4 |
Imperial College London | 3 |
Queen's University | 3 |
Stanford University | 3 |
Total funding in companies founded by alumni from top colleges in the the Mining Tech sector
In the last 10 years, Harvard University graduates' Mining Tech companies have raised the most funding among top colleges. University of Cambridge alumni are second, and Cornell University alumni are third.
College | Total Funding |
|---|---|
Harvard University | $1.26B |
University of Cambridge | $1.25B |
Cornell University | $1.22B |
Imperial College London | $1.22B |
The Hebrew University of Jerusalem | $310M |
Tel Aviv University | $308M |
Bar-Ilan University | $271M |
Technion - Israel Institute of Technology | $271M |
Universitat de Barcelona | $174M |
Massachusetts Institute of Technology | $164M |
Top News in Mining Tech
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Leica Geosystems Launches Xsight360 in North America for Jobsite SafetyEuropaWire•Feb 11, 2026•Leica-Geosystems
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4M Analytics and WSB Engineering Announce Reseller Partnership for Utility AI Data AccessGlobeNewswire•Oct 29, 2025•WSB, 4M Analytics
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Leica TS20 "significant leap forward" in total station technologyconstructionbriefing.com•Oct 03, 2025•Leica-Geosystems
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Sphera Wins 2025 Sustainability Award for Sustainability HeroGlobeNewswire•Aug 26, 2025•Sphera Solutions
