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KoBold Metals uses AI and data models, including its Machine Prospector platform, to find and develop deposits of copper, nickel, lithium and cobalt. It mostly explores and operates its own projects, and also runs earn-in and partnership deals with miners and junior explorers such as BHP and Libra. It is venture-backed by Andreessen Horowitz, Breakthrough Energy Ventures and T. Rowe Price, among others. Its reported total funding is about $1.2B, with a Jan 2025 round of roughly $537M at about a $3B valuation. Headcount estimates range from about 200 to 263.