MineMind raises $1M at $11M valuation

Brazilian startup MineMind has successfully raised $1 million in a funding round, bringing its valuation to $11 million. The investment was made by a group of investors, including Edson Ribeiro, Nick Fogarty, Francisco Bittencourt, and Mauro Sérvulo Delgado Santos. MineMind's technology utilizes AI agents to automate tasks for geologists and mining engineers by using natural language commands to analyze data, organize files, and execute technical processes within existing software.

The company's platform currently generates around $400,000 in revenue, primarily through software subscriptions priced at approximately $2,000 per user per month, and consulting services. With the new funding, MineMind plans to enhance its platform and expand its offerings in the area of mine planning. The startup aspires to achieve $2 million in revenue by June 2027.

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