Terra AI
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Investors
Founders
About
Terra AI is a Palo Alto-based company developing generative AI models for subsurface geological modeling, used by mining companies, geothermal energy developers, and carbon storage projects to better map underground resources and accelerate exploration decisions 12. The platform is being deployed across mining projects focused on copper, gold, and rare earth elements, as well as reservoir-related applications in enhanced geothermal energy and carbon storage 23.
The company previously closed a $3.4 million seed round in late 2023 led by Khosla Ventures with participation from Rio Tinto, Storyhouse Ventures, Plug and Play, the TomKat Center for Sustainability, and Climate Capital 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-03 | Series A | $20M | Khosla Ventures | BHP Ventures 123 |
| 2023 | Seed | $3.4M | Khosla Ventures | Rio Tinto, Storyhouse Ventures, Plug and Play, TomKat Center for Sustainability, Climate Capital 1 |
BHP Ventures contributed $4 million of the Series A round 1.
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
CEO John Mern said in the funding announcement: “Explorers today face increasing complexities like rising project uncertainty and immense pressure to bring new resources online faster” 3.
Sources
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“Mining tech startup Terra AI closed a $20M Series A from Khosla and BHP Ventures,” Axios Pro Climate Deals, June 3, 2026, accessed June 2026. https://www.axios.com/pro/climate-deals/2026/06/03/terra-ai-khosla-bhp-series-a↩↩↩↩↩
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“Terra AI raises $20M in push for AI-driven mineral discovery,” Canadian Mining Journal, June 3, 2026, accessed June 2026. https://www.canadianminingjournal.com/news/terra-ai-raises-20m-in-push-for-ai-driven-mineral-discovery/↩↩↩
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“Terra AI raises $20M to Accelerate Mineral and Reservoir Exploration to Meet Global Critical Mineral and Energy Demands,” PR Newswire, June 3, 2026, accessed June 2026. https://www.prnewswire.com/news-releases/terra-ai-raises-20m-to-accelerate-mineral-and-reservoir-exploration-to-meet-global-critical-mineral-and-energy-demands-302789507.html↩↩↩