Minalyze
Minalyze AB is a Swedish instrumentation company that develops the Minalyzer CS, a patented continuous XRF drill core scanner, and Minalogger cloud software, serving mining operators, exploration firms, and research institutions worldwide.
- Company typePrivate
- Founded2009
- HeadquartersSävedalen, Sweden
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Minalyze does
Minalyze AB is a Swedish instrumentation company that develops and produces analytical hardware and software for the mining and exploration industry. Founded in 2009 in Gothenburg and headquartered in Sävedalen, the company's flagship product is the Minalyzer CS, a patented drill core scanner that performs continuous, non-destructive X-ray Fluorescence (XRF) analysis on drill cores directly in their trays, generating co-registered datasets of chemistry (elements Mg to U), 3D laser topography, high-resolution photography, specific gravity estimates via a proprietary X-SG method, rock quality designation (RQD), and digital structural logging from a single scan. The company also offers Minalogger, a web-based cloud software platform launched in 2018 that visualizes and integrates the multi-modal core data, with compatibility for industry-standard geological modeling tools including Leapfrog and Micromine.
Minalyze monetizes through a mix of capital equipment sales (Minalyzer CS instruments), managed on-site scanning services, instrument rentals, and a free-tier cloud software subscription, with pricing conducted on a quote basis. Its customer base spans tier-1 mining operators (LKAB, Glencore at George Fisher and Kamoto Copper, Anglo American, Nordic Iron Ore, Nickel Mountain Group), global mining services and laboratory networks (SGS), and research institutions (CSIRO, Colorado School of Mines through CASERM with Virginia Tech). The company has expanded from its Swedish base into Australia (Minalyze Pty Ltd, established 2015), the United States (end of 2021), and Africa (Minalyze Africa with Africa Union partnership, 2022). Distribution is hybrid: direct enterprise field sales combined with channel partnerships for service-led geographies. Total disclosed funding across four rounds is approximately $4.6 million, with the largest being a ~$2.2M European Innovation Council grant in October 2021.
Minalyze firmographics
Firmographics- Name
- Minalyze
- Legal name
- Minalyze AB
- Website
- https://minalyze.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Minalyze AB is a Swedish instrumentation company that develops the Minalyzer CS, a patented continuous XRF drill core scanner, and Minalogger cloud software, serving mining operators, exploration firms, and research institutions worldwide.
- Ownership category
- akta.pro rank
Minalyze industry classification
Industry- Product category
- Mining Analytical Instruments
- NAICS
- Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Analytical Laboratory Instrument Manufacturing (334516), Mining Machinery and Equipment Manufacturing (333131)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Laboratory Analytical Instruments (3826), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)
- akta.pro primary industry
- Metrology & Dimensional Measurement (CMMs, laser trackers, gauges, surface/roughness) (IMAGAFAD)
- akta.pro secondary industries
- Metrology, Inspection & Machine Tool Accessories (CMMs, Probing, Gauging) (IMAHADAK), Metrology & Scanning Services (Inspection Labs, On-Site Measurement) (IMAAAHAJ)
Keywords
Where Minalyze is headquartered
LocationHeadquarters
- HQ city
- Sävedalen
- HQ country
- Sweden
- HQ region
- Europe
Offices4 records
Markets served
Minalyze business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Minalyzer CS Instrument Sales: Sale of Minalyzer CS drill core scanner instruments. Expansion into research and academia market segment through instrument sales, in addition to service model.
- On-site Scanning Services: Service model providing on-site scanning solutions where Minalyze operates scanners at client sites. Includes test scanning options for up to 500m drill core.
- Minalogger Software Subscription: Web-based cloud software for visualization of drill core data. Free sign up available for users.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Demo - 30 minute online demonstration |
| Usage-based | Pay-as-you-go | Test scanning - up to 500m drill core |
| Other | Multi-year contract | Service, Instrument Rental, or Instrument Purchase |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
Minalyze product offering
Product offeringCore offering
Minalyze develops and produces the Minalyzer CS, a patented drill core scanner that performs continuous non-destructive XRF chemical analysis, high-resolution photography, 3D topography, specific gravity estimation, and structural logging on drill core samples in a single automated scan. The company also develops Minalogger, a web-based cloud software platform that visualizes and integrates the resulting chemistry, imagery, and structural datasets. Instruments and software are developed and produced in Sweden and are sold or rented to mining companies, exploration firms, research institutions, and mining service providers worldwide.
Product overview
Minalyze offers a two-product portfolio centered on drill core analysis for the mining and exploration industry. The Minalyzer CS is the core hardware instrument—a patented drill core scanner that performs continuous XRF chemical analysis, high-resolution photography, 3D topography scanning, specific gravity estimation, and structural logging on drill core samples. Minalogger is the complementary web-based cloud software platform that visualizes and integrates all datasets generated by the Minalyzer CS, enabling geologists to explore and analyze data in 3D. Both products are developed and produced in Sweden.
Differentiator
Problem solved
Functional benefit
Brands
- Minalyzer CS: Advanced patented drill core scanner for chemistry, structures, density and photography. Provides continuous XRF scanning, high-resolution photography, topography, specific gravity estimation, rock quality designation, and digital structural logging.
- Minalogger
Products and services
- Minalyzer CS Drill Core Scanner Patented drill core scanner for the mining and exploration industry that performs continuous non-destructive XRF chemical analysis (elements Mg to U), high-resolution photography, 3D topography scanning, specific gravity estimation via the X-SG method, rock quality designation measurement, and digital structural logging in a single automated scan of core directly in trays.
- Minalogger Cloud Software Web-based cloud software platform that visualizes and integrates the chemistry, photography, topography, and structural datasets generated by the Minalyzer CS, enabling geologists to explore drill core data in 3D alongside external depth-related datasets.
- On-site Scanning Services Managed service in which Minalyze operates Minalyzer CS scanners at client sites (including field-deployed scanning containers) to deliver on-site, real-time drill core scanning, geochemistry, and structural data for mining and exploration customers.
Quantifiable outcome
- Turnaround time reduced from weeks to days or minutes with AI analysis
- +3 more outcomes
Companies that use Minalyze
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Minalyze technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature9 records
Minalyze partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, flagship and minor.
- Africa Union (Pty) LtdcorePartnership with Africa Union (Pty) Ltd to support Minalyze Africa market operations. Africa Union has over 35 years of experience from African mining sector and provides service, maintenance, and training support. Johannesburg-based team supports clients across Africa.
- LKABflagshipConsortium partnership with LKAB and Sentian to develop AI technology for scanning drill cores. Collaboration aims to take data use to next level with machine learning and artificial intelligence to map rock layers in lithological logs with high confidence. LKAB started test in March 2020 leading to permanent installation in Kiruna and expansion to Malmberget.
- SentiancoreConsortium partner in AI development for drill core scanning technology. Sentian CEO Martin Rugfelt sees great power in applying modern AI to mining industry data with major potential in combining machine learning technology with Minalyze's unique data collection capabilities.
- South Australia GovernmentminorPartnership for core reference library in South Australia. Instruments installed in South Australia core reference library supporting industry access to scanning technology.
- SGScoreStrategic collaboration to provide near real-time geochemical based analysis on drill core through Minalyzer CS scanner. First unit deployed at SGS's Perth Airport laboratory with focus on ease-of-field deployment for near real-time decision making. SGS is global leader in geochemical laboratory testing with over 150 laboratories in 40 countries.
- CSIROcoreStrategic collaboration making Minalyzer Core Scanner technology available to Australian resources sector. CSIRO is the first research organization in the world with in-house Minalyzer Core Scanner, installed at Australian Resources Research Centre (ARRC) in Perth. CSIRO Research Director Dr Rob Hough noted the collaboration forms part of broader platform for drill core characterization services.
- Virginia TechcoreCollaborative research partner with Colorado School of Mines through CASERM (Center for Advanced Subsurface Earth Resource Models), a collaborative research venture supported by mining companies and federal agencies transforming how geoscience data is used across mining value chain.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Minalyze competitors and assessment
Company assessmentBroad incumbents
- Hitachi High-Tech Analytical Science:
- Bruker: Bruker is a major analytical instrument manufacturer with XRF and X-ray-based product lines used across mining and geology, representing a much larger incumbent that could expand into continuous drill core scanning.
- Thermo Fisher Scientific: Thermo Fisher produces a broad portfolio of XRF, XRD, and laboratory analytical instruments for materials and mining applications, positioning it as a broad incumbent whose analytical instrument capabilities could overlap with Minalyze's core scanning use cases.
- Evident (Olympus Scientific Solutions): Evident (formerly Olympus scientific division) supplies portable and benchtop XRF analyzers widely used in mining for ore-grade control, overlapping with Minalyze's XRF-based core analysis offering at the broader analytical instrument level.
Direct peers
- Corescan: Corescan provides hyperspectral imaging and mineralogical analysis of drill cores, directly competing with Minalyze's Minalyzer CS for the same mining/exploration customers and the same core-logging digitalization workflow.
- Geotek: Geotek manufactures core scanning instruments (MSCL — Multi-Sensor Core Logger) and provides analytical services for geological cores, making it a directly comparable drill core instrumentation peer.
- TerraCore: TerraCore operates hyperspectral core scanning services and instruments for the mining industry, overlapping directly with Minalyze's core scanning technology and target customer base of mining and exploration companies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights3 records
Customer concentration
Minalyze social profiles
Digital presenceMinalyze financial estimates
Financial estimateRevenue estimate
Valuation estimate
Minalyze leadership team
Management profileNumber of profiles
Profiles2 records
Minalyze subsidiaries and ownership
Company hierarchySubsidiaries2 records
Minalyze funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Minalyze M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Minalyze
What does Minalyze do?
Minalyze develops and produces the Minalyzer CS, a patented drill core scanner that performs continuous non-destructive XRF chemical analysis, high-resolution photography, 3D topography, specific gravity estimation, and structural logging on drill core samples in a single automated scan. The company also develops Minalogger, a web-based cloud software platform that visualizes and integrates the resulting chemistry, imagery, and structural datasets. Instruments and software are developed and produced in Sweden and are sold or rented to mining companies, exploration firms, research institutions, and mining service providers worldwide.
Is Minalyze a public or private company?
Minalyze is a private company. It is classified as venture growth investor backed and is currently operating.
When was Minalyze founded?
Minalyze was founded in 2009. It employs 1 to 10 people.
Where is Minalyze based?
Minalyze is headquartered in Sävedalen, Sweden, in the Europe region.
How does Minalyze make money?
Three revenue lines are on record. Minalyzer CS Instrument Sales are the primary driver. The others are on-site Scanning Services and minalogger Software Subscription.
Who are Minalyze's main competitors?
Broad incumbents on record are Hitachi High-Tech Analytical Science, Bruker, Thermo Fisher Scientific and Evident (Olympus Scientific Solutions). Direct peers are Corescan, Geotek and TerraCore.
Does Minalyze have an API?
No public API is recorded for Minalyze.
What industry is Minalyze in?
Minalyze's product category is Mining Analytical Instruments. Its primary akta.pro industry code is IMAGAFAD, Metrology & Dimensional Measurement (CMMs, laser trackers, gauges, surface/roughness), with a secondary code of IMAHADAK, Metrology, Inspection & Machine Tool Accessories (CMMs, Probing, Gauging). Its NAICS code is 33451 and its SIC code is 3823.