AI startup Beholder: an impressive investment in mineral exploration
Ukrainian AI startup Beholder has received $940,000 in investment to develop its neural network designed to search for valuable minerals. In particular, these funds were provided by the European InnoEnergy fund, as well as Rockstart and STRT Ventures funds. According to Forbes, the startup plans to use the received investment to scale the business, enter foreign markets and develop two versions of the product - B2C and B2B. Glossary: - Beholder: Ukrainian AI startup specializing in the development of neural networks for the search for valuable minerals; - InnoEnergy: European fund that invests in energy projects; - Rockstart: Fund providing investments and mentoring support to Ukrainian startups; - STRT Ventures: Fund specializing in investments in Startups. Links: - Forbes: An article that tells about the success of the Ukrainian startup Beholder and its investment attraction. In addition, Beholder already has a number of mining clients, including Filo Mining, GrupoHunosa and Petroteq Energy. The startup's plans for the future include increasing capitalization to $20-30 million and concluding contracts with 20 new clients. According to Max ter Horst, Principal Partner of Rockstart Energy: "The adoption of the EU Essential Raw Materials Act, which contains targets related to the assessment of local minerals, is expected to further increase demand for Beholder's solutions." Glossary: - Filo Mining: Mining company; - GrupoHunosa: Mining company; - Petroteq Energy: Mining company specializing in oil extraction. About Beholder: Beholder is a Ukrainian AI startup founded in 2021 by Andrii Sevryukov, Serhiy Lubkin, and Daniel Lubkin. The technology of the startup consists in using neural networks to process satellite images, data from radars, gravimetry and other sources, which allows to estimate the probability of the presence of minerals. Beholder is designed to help transition from a fuel-based energy system to a materials-based energy system.
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Discussion of the topic – AI startup Beholder: an impressive investment in mineral exploration
Ukrainian startup Beholder has raised $940,000 in investment from InnoEnergy, Rockstart and STRT Ventures to develop neural networks for mineral exploration. Details in the Forbes news.
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Alexandra
Interesting news! It's a pity that there are no details about the Beholder neural network technology itself. I think it is more accurate to tell about it.
Frederico
Indeed, more information about the technology would be helpful. Maybe they use some unique architecture. There is definitely potential for discussion here.
Elena
I like the development plan, especially the idea of signing contracts with new customers. This can greatly expand the geography of Beholder's work.
Diego
It's cool when startups develop and attract investment. I hope Beholder will make a deal with most of the customers and go to the next level.
Greta
I can't contain my enthusiasm! It's great that Beholder already has customers and plans to grow. This is important for the further success of the startup!
Oliver
In general, I look with interest at the market's reaction to Beholder. I want to see how their technology will change the mining industry.
Emily
Here I agree! I hope Beholder will continue to develop and surprise us with its achievements.
Grumpy
Trends, investments, new technologies... All this is ridiculous and useless. I will never understand this rush and noise around small things.