Ceibo announced a $30M Series B funding round led by Energy Impact Partners, with additional participation from CoTec Holdings, Audley Capital, Orion Industrial Ventures, Unearth Capital, Khosla Ventures, and Aurus Ventures.
The Chilean minetech will use the resources to build a test facility, strengthen its research and development team, and scale its technology.
“We’ve been testing our technology with very positive results, this will allow us to grow rapidly and contribute to the copper extraction decarbonization“ said Ceibo’s CEO, Cristóbal Udurraga.
Ceibo develops industry solutions to increase productivity in the mining industry and make it more sustainable. The startup currently operates in Chile with a market share of 27% and is one of the largest copper producers in the world.
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