Marc Andreessen and Reid Hoffman are among the list of billionaire backers rallying behind AI-powered mining prospect KoBold, with the brand now valued at nearly $3 billion.

A mining and artificial intelligence start-up backed by Bill Gates and Jeff Bezos has raised $537mn in its latest funding round, as it seeks to become a key player in the race for the critical minerals needed for the energy transition.

KoBold Metals, the AI-driven mining startup backed by Bill Gates and Jeff Bezos, has secured $537 million in its Series C funding round. The latest funding round gives the Berkeley-based company a valuation of $2.

KoBold, a US mining startup backed by billionaire investors including Bill Gates and Jeff Bezos, raised $537 million in its latest funding round, the company said. The funding round, co-led by investors Durable Capital Partners LP and T.

KoBold Metals has raised $537 million in its latest funding round as it seeks to become a key player in the race for critical minerals needed for the energy transition. Backed by investors such as Microsoft’s Bill Gates and Amazon’s Jeff Bezos, the company said its Series C funding round valued KoBold at $2.96 billion.

Larry Fink, the CEO of BlackRock, oversees the world's largest asset management firm, managing assets worth a whopping USD 7.4 trillion.