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Fortune

Eleanor Pringle

AI-powered mining firm backed by Gates and Bezos is now worth $2.96 billion as it takes on Chinese rivals

Mining Reid Hoffman Bill Gates Marc Andreessen Jeff Bezos Andreessen Horowitz Fortune

Bill Gates addresses participants of the World Health Summit 2024 in Berlin (Credit: JOHN MACDOUGALL—AFP/Getty Images)

Silicon Valley–based mining disrupter KoBold Metals has raised a further $537 million in funding, with investors Bill Gates and Jeff Bezos now being joined by backers like Andreessen Horowitz.

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.

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