Ideon Technologies Funding: It Raises US$16M in Series
Ideon Technologies, a Richmond, BC, Canada-based provider of subsurface imaging solutions for the mining industry, raised USD16M in Series A funding.
The round was led by Playground Global.
The company intends to use the funds to scale demand for muon tomography solution while developing other novel advanced detector technologies (including drone-based gravimetry and magnetometry solutions) and data integration methodologies (including artificial intelligence and joint inversions) to continually improve the subsurface imaging performance of the Discovery Platform, as well as to expand its team in the Vancouver area, hiring across their engineering and software development, go-to-market, and operational teams.
Led by CEO Gary Agnew, Ideon Technologies is a company focused on application of cosmic-ray muon tomography. Ideon leverages the natural energy generated by supernova explosions in space – in the form of subatomic particles called cosmic-ray muons – to provide x-ray-like visibility up to 1 km (0.6 miles) beneath the Earth’s surface. The Discovery Platform integrates proprietary muon detectors, imaging systems, inversion technologies, and artificial intelligence to deliver accuracy with high spatial resolution. Ideon maps the intensity of muons underground and constructs detailed 3D density profiles of underground anomalies such as mineral and metal deposits, air voids, caves, and other structures. This helps geologists identify mineral and metal deposits with precision and confidence, reducing risk and cost, saving time, and minimizing the environmental impact of exploration.
The company is already working with some of the world’s largest, most innovative mining companies and critical mineral suppliers, including BHP, Glencore, and Vale. With more than 50 of its patented muon detectors now deployed worldwide finding critical minerals, the team has demonstrated the competitive advantage of the technology and is now ramping up to meet customer demand.
About Ideon Technologies
Ideon Technologies Inc. is a spin-off from TRIUMF (Canada’s national particle accelerator laboratory) and a world pioneer in the application of cosmic-ray muon tomography. Ideon has developed a discovery platform that integrates proprietary detectors, imaging systems, inversion technologies, and artificial intelligence to provide x-ray-like visibility up to 1 km beneath the Earth’s surface. By detecting sub-surface muons and transforming the data into reliable geophysical surveys and 3D density maps, Ideon helps exploration geologists identify new mineral and metal deposits with precision and confidence. They drill less and discover more with Ideon – reducing cost and risk, saving time, and minimizing environmental impact. Ideon is also expanding the application of muon tomography to use-cases in oil and gas, critical infrastructure and national security.
When was Ideon Technologies founded?
Founded in 2013, Ideon Technologies Inc. is a spin-off from TRIUMF (Canada’s national particle accelerator laboratory) and a world pioneer in the application of cosmic-ray muon tomography.
Who is the Founder of Ideon Technologies?
GARY AGNEW is the CEO & CO-FOUNDER of ideon technology
Is Ideon Technologies Hiring?
Ideon Technologies is hiring for position senior software developer
What is the Team Size of Ideon Technologiess?
As per the popular social media site LinkedIn, Prolific Machines has 22 employees.
Where is the Head Office of Ideon Technologies?
Ideon Technologies is located in Richmond, British Columbia, Canada .
How much is the revenue of Ideon Technologies?
Ideon Technologies has not publicly revealed the revenue in the last round of funding.
Ideon Technologies Raises US$16M in Series A Funding. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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