GeologicAI
Category: AI in Analytics & BI
AI-powered robots for automated geological core scanning and analysis in the mining industry. GeologicAI was founded in 2013. The company is led by Grant Sanden. Based in Calgary, Alberta, Canada. Team size: 51-200. Total funding raised: $74,000,000. Latest round: $24M Strategic Investment (May 2024). Key investors include Breakthrough Energy Ventures, Export Development Canada (EDC), Blue Earth Capital, BHP Ventures, Rio Tinto.
- Founded
- 2013
- Headquarters
- Calgary, Alberta, Canada
- Team size
- 51-200
- Total funding
- $74,000,000
Value proposition
Dramatically accelerates the speed and accuracy of core sample analysis from weeks or months to minutes, reducing costs and improving resource development decisions.
Products and solutions
Automated Core Scanning Robots (“CoreBots”), Cloud-based Data Platform, AI-powered Analytics Suite, LIBS Technology (via Lumo Analytics acquisition)
Unique value
Combines robotics with advanced multi-sensor arrays (including high-resolution imaging, XRF, and hyperspectral sensors) and proprietary deep learning models to deliver lab-quality results directly at drill sites in near real-time.
Target customer
Mining companies engaged in mineral exploration and development, and geological survey organizations.
Industries served
Mining & Metals Exploration, Geological Surveying
Technology advantage
End-to-end automation from physical sample handling to cloud-based analytics, creating standardized digital records across global operations and replacing traditional manual logging.
How they differentiate
Offers a fully automated, on-site, multi-modal 'lab-in-a-box' solution, contrasting with competitors' partial digitization, narrower sensor focus, or offsite service models.
Main competitors
Imago Inc. (acquired by Seequent/Bentley), Orexplore Technologies, Corescan
Key partnerships
BHP Group, Teck Resources, Agnico Eagle, Collaborations with various universities on geoscience research initiatives
Notable customers
BHP Group, Agnico Eagle, Several other top-ten global mining firms
Major milestones
Secured $20M Series A investment led by Breakthrough Energy Ventures (June 2023), Secured $10M Series A extension from Export Development Canada (September 2023), Completed first commercial deployments outside North America (2024), Secured $44M Series B led by Blue Earth Capital with BHP Ventures and Rio Tinto (July 2025), Acquired Lumo Analytics to add LIBS sensor technology (December 2025)
Growth metrics
Over two million meters of drill core scanned globally as of late 2025.
Market positioning
A leader in providing an end-to-end, automated, on-site core analysis solution for the mining industry.
Geographic focus
Global, with active deployments and expansion in North America, South America, and the Australia-Pacific region.
Patents and IP
Several patents filed/pending related to automated core scanning hardware design and spectral data processing algorithms.
About Grant Sanden
Grant Sanden has a strong background in leadership roles within the energy and technology sectors. He currently serves as the CEO of GeologicAI Inc., a company focused on advancing geological and mining decision-making through innovative core scanning technology and AI-driven analytical solutions. His prior experience includes leadership positions as CEO of Enersoft Inc. and Spectralog Inc. Grant also has a history of managing technical and operational teams, including roles such as Director at CSI Canada Safety and Partner and Manager of Unconventional Oil at Sproule. His expertise centers on building reserve and development cases, managing multidisciplinary teams, and advancing innovative technologies in geological data evaluation.
Official website: https://www.geologicai.com/