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The Nexus
BUSINESSAug 3 · 08:37 UTCFORTUNEAllie Garfinkle

To power AI, Khosla and a16z bet this startup can reinvent mining

Mariana Minerals, a software-focused mining startup, aims to reduce costs of critical metals like lithium, copper, and aluminum to support AI and electrification. The company raised $310 million in a Series B led by Khosla Ventures and Andreessen Horowitz, with a total $400 million raised and a $1.5 billion valuation. The U.S. faces supply chain risks due to China's dominance in mineral processing.

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Mariana MineralsorganizationTurner CaldwellpersonKhosla VenturesorganizationAndreessen HorowitzorganizationChinaplaceUnited StatesplaceCopper OneorganizationLithium Oneorganization
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