Brazilian startup MineMind raised $1M in a funding round that valued the company at $11M. Investors included Edson Ribeiro, Nick Fogarty, Francisco Bittencourt, and Mauro Sérvulo Delgado Santos.
Founded by Gustavo Usero, Danyel Usero, and Luigi Carboni, MineMind develops AI agents that help geologists and mining engineers automate tasks in their existing software. Its platform uses natural language commands to analyze data, organize files, and execute technical processes.
MineMind will use the funds to improve its platform and expand into mine planning.
MineMind generates approximately $400K in revenue and aims to reach $2M by June 2027. Its revenue comes from software subscriptions, priced at around $2,000 per user per month, and consulting services.
Source: LatamList
