What Durin does

Durin Mining Technologies, Inc. is a privately held, pre-seed-stage company headquartered in El Segundo, California that designs, builds, and operates remotely operated, semi-autonomous core drilling rigs intended to accelerate mineral exploration. The company's core technology is a fleet of purpose-built rigs that drill faster and more safely than conventional exploration equipment, with a direct rig-to-geologist data-transmission architecture that delivers mineralogical and structural data in minutes and assay data in days rather than the months typical of incumbent workflows. The rigs are positioned as the central layer of a vertically integrated exploration platform that also spans geological modeling, lab testing, and drillhole planning, with the goal of consolidating the full exploration cycle under a single provider.

Durin's business model is a direct-operated, usage-based service: the company builds rigs in-house over an estimated 9–12 months, then deploys them on North American exploration projects operated by mineral exploration customers and earns revenue for every meter drilled. Go-to-market is enterprise field sales to North American exploration-stage mining companies, with a longer-term plan to scale the same direct-operated model globally once rigs are proven. Pricing is quote-based and not publicly disclosed. As of April 2025 the company is pre-revenue and pre-scale, having completed a $3.4M pre-seed funding round led by 8090 Industries with participation from Lux Capital, 1517 Fund, Champion Hill Ventures, Contrary Capital, Bedrock, Day One Ventures, Founders Factory, and Rio Tinto.

The company is led by founder Ted Feldmann and operates with an 11–50 person team of engineers, geologists, and operators. Its strategic narrative is anchored on three secular tailwinds: U.S. national-security exposure to Chinese critical-mineral supply, surging metal demand from AI/data-center compute and energy-transition buildouts, and a shrinking mining workforce with roughly half of industry professionals set to retire within four years. A "Mark I" drill rig announcement is listed as "Coming Soon" on the company website, alongside a forthcoming "Partnership Spotlight."

Name

Durin

Legal name

Durin Mining Technologies, Inc.

Website

https://durin.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Durin Mining Technologies builds and operates remotely operated, semi-autonomous core drilling rigs and a vertically integrated mineral exploration platform, serving North American mineral exploration companies on a per-meter-drilled basis to accelerate discovery and reduce exploration cost and risk.

Ownership category

akta.pro rank

Product category

Mineral Exploration Drilling Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Support Activities for Mining (2131), Support Activities for Metal Mining (213114)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)

akta.pro primary industry

Drilling Rigs & Drill Systems (IMAHAMAA)

akta.pro secondary industries

Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Mineral exploration services
• Autonomous drilling rigs
• Core drilling equipment
• Mining automation technology
• Critical minerals exploration

Headquarters

HQ city

El Segundo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Drilling services revenue per meter drilled: After development, the rigs drill on active exploration projects and earn revenue for every meter drilled, with operational revenue funding further R&D. Currently pre-scale (rigs being built in 9–12 months), with revenue generation beginning as rigs are deployed on North American exploration projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels10 records

Core offering

Durin builds and operates remotely operated, semi-autonomous core drilling rigs for mineral exploration, deploying them directly on active North American exploration projects. Each rig transmits mineralogical and structural data in minutes and assay data in days to geologists anywhere in the world, and is integrated within a vertically unified platform spanning geological modeling, lab testing, drillhole planning, and drilling.

Product overview

Durin offers a single, vertically integrated exploration platform centered on its automated core drilling rigs, with the upcoming Mark I rig as its next announced hardware release. The rigs are the core product and feed a consolidated platform that combines drilling, drillhole planning, geological modeling, lab testing, and data delivery to geologists — turning each drill program into data that improves the next rig and the next project.

Differentiator

Problem solved

Functional benefit

Products and services

• Automated Core Drilling Rigs Remotely operated, semi-autonomous core drilling rigs that Durin builds and operates to accelerate mineral discovery, reduce exploration costs and human error, and keep workers safe, with data from each rig transmitted directly to geologists worldwide. The rigs are operated by Durin on customer exploration projects and are not sold as standalone units.
• Durin Vertically Integrated Exploration Platform An integrated service platform that consolidates geological modeling, lab testing, drillhole planning, and drilling into a single cycle, delivering mineralogical and structural data from the rig in minutes and assay data in days rather than months for exploration companies.

Quantifiable outcome

• Mineralogical and structural data delivered from the rig in minutes, and assay data in days rather than months
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Komatsu Mining: Major manufacturer of mining equipment including drill rigs, with growing investments in autonomous haulage and drilling. Comparable as a broad incumbent pursuing automation in drilling and adjacent mining workflows.
• Caterpillar (Cat Mining): Supplies large-scale mining equipment and drill products to mining operators and is investing in autonomy across its mining portfolio. A broad incumbent adjacent to Durin's autonomous drilling focus.
• Epiroc: Global mining and infrastructure equipment manufacturer offering surface and underground drilling rigs, including autonomous and semi-autonomous options (e.g., Pit Viper, PowerROC). A broad incumbent that overlaps with Durin's drilling-equipment offering across the mining cycle.
• Sandvik Mining and Rock Solutions: Division of Sandvik that manufactures drilling rigs and rock tools for mining and underground construction, and offers autonomous drilling options. A broad incumbent whose equipment business competes with Durin's rigs and whose Autodrill product targets similar automation outcomes.

Direct peers

• Major Drilling Group International: Leading mineral exploration drilling contractor with global operations, providing core, reverse-circulation, and directional drilling services to mining companies. Overlaps directly with Durin's drilling-services business model.
• Boart Longyear: One of the world's largest mineral drilling services and equipment providers, offering core drilling and exploration services to mining customers. Directly comparable to Durin's core-drilling-services-plus-equipment model.

Emerging players

• Earth AI: Early-stage startup using AI and predictive targeting to find mineral deposits more cheaply, often paired with drilling campaigns. Comparable as an emerging mining-tech player attacking the same exploration cost and discovery bottleneck from a software-first angle.
• Fleet Space Technologies: Australian startup combining satellite-enabled sensors and AI for faster, lower-cost mineral exploration. Comparable as an emerging mining-tech player pursuing a vertically integrated exploration offering targeting the same drill-cost bottleneck.
• Ideon Technologies: Provides subsurface imaging and geophysical data products for mineral exploration, aiming to reduce drilling intensity by improving targeting. Comparable as an emerging player using data and sensing to compress the exploration cycle that Durin attacks from the drilling side.
• ASI Mining (Autonomous Solutions Inc.): Specializes in autonomous vehicle and drill-rig retrofits for mining operations, enabling unmanned haulage and drilling. Comparable as an emerging player pursuing autonomy in mining equipment, overlapping with Durin's semi-autonomous drilling vision.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/durinmining
• YouTubeyoutube.com/@durinmining
• LinkedInlinkedin.com/company/durinmining

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Durin