Tecnología e Innovación en Minería SpA

Tecnología e Innovación en Minería SpA is a Chile-based company that specializes in advanced software solutions for the mining sector, focusing on productivity, efficiency, and safety improvements through innovative technologies. Founded in 2011 in Santiago, Chile, Tecnología e Innovación en Minería SpA develops software tailored to enhance mining operations. The firm has completed three deals, with the most recent being a Series B funding round in October 2023, raising USD 10. 000 mn led by Kayyak Ventures.

The company was founded by Carlo Becerra and Nicolas Jubera, who have a background in entrepreneurial ventures. The CEO of the company is Nicolas Jubera. TIMining provides advanced software solutions specifically designed for the mining industry, focusing on enhancing productivity, efficiency, and safety through data analytics and simulation. Their primary offerings include TIMining Aware, which facilitates real-time visualization and digitalization of mining operations; TIMining Orchestra, which focuses on the analysis and simulation of loading and transportation processes; TIMining Delta, which automates the reconciliation of mining plans; and TIMining Drillit, which offers real-time monitoring for drilling and blasting operations.

These solutions enable mining companies to make informed decisions in areas such as planning, geotechnics, operational excellence, and mining operations. The clientele includes significant players in the global mining sector across various geographical markets, including Australia, Chile, Canada, and South Africa, where they cater to the increasing demand for technological advancements in mining operations. Revenue generation at TIMining is primarily derived from the sale of its software solutions, typically structured as subscription models or direct partnerships with mining companies. The firm engages in B2B transactions, providing clients with access to their flagship products like TIMining Aware and TIMining Orchestra, which are tailored to meet specific operational needs in the mining sector.

These software solutions are generally offered under tiered pricing plans that reflect the complexity and scale of the services provided, ensuring customized solutions for each client. TIMining's business model emphasizes long-term relationships with clients, facilitating ongoing support and updates as part of the service agreement, which aligns with the industry's shift toward enhanced digital transformation and operational efficiency. In October 2023, Tecnología e Innovación en Minería SpA raised USD 10. 000 mn in venture funding led by Kayyak Ventures, which will be utilized to increase its client base and revenue.

The company is focused on further developing its software offerings and expanding into new markets, with specific plans to target regions such as North America and Europe within the next two years.