Tech Company Financing Transactions
Durin Funding Round
Durin closed a $3.4 million Seed funding round on 4/23/2025. Backers included 8090 Industries, 1517 Fund and a16z crypto.
Transaction Overview
Company Name
Announced On
4/23/2025
Transaction Type
Venture Equity
Amount
$3,400,000
Round
Seed
Investors
Proceeds Purpose
The $3.4 million Durin raised will mainly be used to develop and deploy autonomous drilling technology. Their goal is to make drilling for critical minerals (like lithium, cobalt, etc.) faster, cheaper, and safer by using robotics and automation instead of traditional, manual methods.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
601 E El Segundo Blvd
El Segundo, CA 90245
USA
El Segundo, CA 90245
USA
Phone
Undisclosed
Website
Email Address
Overview
Durin is an American industrial technology company focused on automating mineral exploration through advanced drilling systems. Their mission is to accelerate the discovery of critical minerals--such as lithium, copper, and rare earth elements--by building and operating semi-autonomous drill rigs. These rigs are designed to be safer, faster, and more data-driven than traditional exploration methods, aiming to reduce the time and cost associated with mineral discovery.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ted Feldmann
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