home Uncategorized Ideon Technologies digs up $16M Series A to use particle physics to find critical minerals Tim De Chant

Ideon Technologies digs up $16M Series A to use particle physics to find critical minerals Tim De Chant

Car companies and battery manufacturers have scrambled over the last few years to secure critical minerals supplies, a race that’s only gotten more intense as consumers snap up every EV that comes off the production line.

Demand is so high that the International Energy Agency believes the critical minerals market will grow sevenfold by the end of the decade. Mining companies have been moving as quickly as possible to validate new reserves and bring them online, but prospecting is a laborious and time-consuming task.

There’s an easier way, though. Startup Ideon Technologies, fresh off a $16 million Series A round led by Playground Global that closed last week, has a pretty far-out way to simplify the search for critical minerals. You could say it’s way out there. Like outer space out there.

Ideon Technologies digs up $16M Series A to use particle physics to find critical minerals by Tim De Chant originally published on TechCrunch

The startup’s technology promises to significantly slash some of the the time and expense of mineral exploration while also allowing mining companies to be more targeted in their extraction efforts.
Ideon Technologies digs up $16M Series A to use particle physics to find critical minerals by Tim De Chant originally published on TechCrunch Climate, Hardware, EC Food Climate and Sustainability, energy, mining, particle physics, playground globalTechCrunch

Leave a Reply

Your email address will not be published. Required fields are marked *

Generated by Feedzy