Chilean startup TIMining raised $10M in a round led by Kayyak Ventures, with the participation of investors LarrainVial and the Luksic family.
TIMining will use the funds to quintuple its client base and increase its revenue tenfold in the next five years.
“Generally, mines are able to capture between 75% and 80% of their preset goals each month, and with our software, this figure should increase by ten percentage points,” said Nicolás Jubera, Founder and CEO of TIMining.
The mining company’s solution gathers real-time data from the mines and provides data analysis in a game-inspired way to support better decision-making.
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