MineWatch raises $900K to expand underground mining technology
Chilean mining technology startup MineWatch raised $900K in a round led by Alza Mining Tech. Founded in 2022… The post MineWatch raises $900K to expand underground mining technology appeared first on LatamList .
Mining technology startup MineWatch, founded in 2022 by José Reyes, has successfully raised $900,000 in a funding round led by Alza Mining Tech. The company specializes in developing wireless infrastructure that enables mining companies to track workers and equipment in real-time, without the need for cables or traditional WiFi networks.
MineWatch's technology utilizes a mesh network of battery-powered wireless nodes that communicate through radio frequency. Each node boasts a range of up to 250 meters, allowing mining companies to cover vast expanses of underground tunnels with reduced infrastructure requirements.
With the newly acquired funds, MineWatch plans to expand its commercial team and continue development of new product features. Currently, the company employs 18 individuals and generates revenue from clients in Chile, including contractors at the El Teniente mine.
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