Minalyze AB

Based in Sweden, Minalyze AB is a technology company specializing in advanced analytical instruments for geological analysis, offering innovative solutions for mining and exploration sectors. Founded in 2009 in Gothenburg, Sweden, Minalyze AB develops analytical instruments that enhance geological analysis. The company's recent pivot involved an acquisition by Veracio from Chalmers Ventures and ALMI Invest for USD 29. 3 million on September 19, 2023.

Annelie Lundström serves as the CEO. Minalyze specializes in advanced analytical instruments, primarily the Minalyzer CS, a patented drill core scanner that offers comprehensive analysis of geological samples through chemistry, structural assessment, density measurement, and high-resolution photography. This innovative device employs fast and continuous XRF (X-ray fluorescence) scanning, allowing for non-destructive and high-resolution analysis along the entire length of drill cores. It facilitates improved assay data collection while minimizing preparation and logistics costs.

Along with the Minalyzer, the company provides Minalogger, a web-based software designed for the visualization and management of geological data, aimed primarily at the mining and exploration sectors. Minalyze's products serve a diverse client base, including mining companies and geological exploration firms primarily located in Europe, North America, and Australia. Minalyze operates through a business model that includes direct sales and potential subscription services for its Minalogger software. The company's revenue for the most recent year, 2022, was USD 1,246,753.

30, with an EBITDA of USD -315,730. 40. Customers typically engage with Minalyze on a B2B basis, purchasing the Minalyzer CS and subscribing to Minalogger for enhanced data analytics and visualization capabilities. With the recent acquisition by Veracio, Minalyze aims to leverage its capabilities to enhance global oceanographic knowledge through improved data analytics and artificial intelligence.

The funding from the USD 29. 3 million acquisition will support new product developments and potential geographic expansion into additional markets. Specific upcoming products and their release dates are currently under development.