Chrysos
- Company typePublic
- Founded2016
- HeadquartersNetherby, Australia
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Chrysos firmographics
Firmographics- Name
- Chrysos
- Legal name
- Chrysos Corporation
- Website
- https://chrysos.com.au
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Chrysos is headquartered
LocationHeadquarters
- HQ city
- Netherby
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Chrysos business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- PhotonAssay Unit Sales and Leasing: Chrysos sells or leases PhotonAssay units to mining companies and laboratory operators. Units are installed at customer mine sites (e.g., Newmont Ahafo in Ghana) or at third-party laboratory facilities (e.g., Bureau Veritas in Chile).
- Master Service Agreements (MSA): Chrysos enters MSAs with major mining companies for assaying services using its PhotonAssay technology. Revenue is generated through service contracts tied to sample volumes processed.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Chrysos product offering
Product offeringCore offering
Chrysos manufactures and deploys PhotonAssay™, an X-ray based analytical technology that rapidly and accurately measures gold, silver, copper and other elements in mining samples up to 500g per sample. The technology replaces traditional fire assay methods, eliminating toxic lead chemistry and hazardous waste. Revenue is generated by selling or leasing PhotonAssay units and by entering Master Service Agreements (MSAs) with mining companies and laboratory operators for assaying services.
Product overview
Chrysos Corporation operates a single unified product platform built around its proprietary PhotonAssay™ technology. PhotonAssay™ is an X-ray-based analytical solution designed for the global mining industry that delivers faster, safer, more accurate, and environmentally-friendly assaying of gold, silver, copper, and other elements. The technology displaces slower, more hazardous, and costly fire assay processes by using X-rays to analyze sample material. Chrysos generates revenue through unit leases and Master Services Agreements (MSAs) with mining companies, deploying PhotonAssay™ units at client mine sites globally.
Differentiator
Problem solved
Functional benefit
Brands
- PhotonAssay: X-ray based analysis technology for gold, silver, copper and other elements, offering faster, safer, more accurate and environmentally-friendly sample analysis compared to traditional fire assay methods.
Products and services
- PhotonAssay™ X-ray based analytical technology for rapid, safe and accurate detection of gold, silver, copper and other elements in mining samples. Capable of scanning up to 500g of material per sample, eliminating lead-based fire assay chemistry and hazardous waste. Sold or leased to mining companies and laboratory operators and deployed via Master Service Agreements.
- PhotonAssay Assaying Services (MSA)
Quantifiable outcome
- 28,200 tonnes of CO₂ emissions reduced through PhotonAssay deployments
- +4 more outcomes
Companies that use Chrysos
Customer profileNamed customers6 records
Segments1 record
Ideal customer profiles2 records
Chrysos technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Chrysos partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- Bureau VeritasflagshipChrysos and Bureau Veritas formed a strategic partnership in September 2025. Bureau Veritas, a global laboratory group, will deploy its first PhotonAssay unit in Antofagasta, Chile in FY26, marking Chrysos's entry into Latin America and the fifth continent for PhotonAssay technology deployment.
- NewmontcoreChrysos and Newmont entered into a Master Service Agreement (MSA) and signed a lease contract for a PhotonAssay unit to be installed at Newmont's Ahafo mine in Ghana, one of Africa's largest gold mining operations.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Chrysos competitors and assessment
Company assessmentDirect peers
- SGS SA: Swiss-based global testing, inspection and certification company with a major mining assay services business. Direct peer offering competing assay services to mining customers while simultaneously adopting Chrysos PhotonAssay technology.
- Bureau Veritas: French-listed global laboratory services group and Chrysos's September 2025 strategic partner for PhotonAssay deployment in Chile. Functions as both a channel partner and a comparable services competitor in mining assays.
- Intertek Group: UK-listed global testing, inspection and certification operator with significant mining assay services footprint. Comparable as a direct peer in mining sample analysis and QA/QC services for major miners.
- ALS Limited: Australian-listed global mining and mineral assaying laboratory services provider. Closely comparable as both a mining assay service provider and a strategic PhotonAssay deployer/competitor in fire assay displacement for gold and base metals.
- MSALABS: Mining-focused assaying laboratory services provider that has deployed PhotonAssay units. Direct peer in commercial mining laboratory services using the same Chrysos technology.
- Rigaku Corporation: Japanese-headquartered manufacturer of X-ray analytical and spectroscopic instrumentation, including systems used in mining and mineral analysis. Direct peer in X-ray-based analytical hardware for mining.
- Malvern Panalytical: Specialist in X-ray analytical instrumentation (XRF, XRD) used in mining and materials characterization. Closest direct competitor in the underlying X-ray analytical instrument technology for mining samples.
Broad incumbents
- Revvity: Spun off from PerkinElmer to focus on analytical and life sciences instrumentation with overlapping elemental analysis capabilities. Broader incumbent in analytical instrumentation across multiple industries.
- Thermo Fisher Scientific: Global analytical instruments leader with a broad spectrometry and materials characterization portfolio spanning mining, materials and life sciences. Broader incumbent offering overlapping analytical capabilities but not specialized in mining assay.
- Bruker Corporation: Diversified analytical instrument maker with X-ray, mass spectrometry and NMR systems serving mining and adjacent scientific markets. Broader incumbent that could re-enter mining assays more aggressively.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Chrysos social profiles
Digital presenceChrysos financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chrysos leadership team
Management profileNumber of profiles
Profiles1 record
Chrysos subsidiaries and ownership
Company hierarchySubsidiaries1 record
Chrysos funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chrysos 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 Chrysos
What does Chrysos do?
Chrysos manufactures and deploys PhotonAssay™, an X-ray based analytical technology that rapidly and accurately measures gold, silver, copper and other elements in mining samples up to 500g per sample. The technology replaces traditional fire assay methods, eliminating toxic lead chemistry and hazardous waste. Revenue is generated by selling or leasing PhotonAssay units and by entering Master Service Agreements (MSAs) with mining companies and laboratory operators for assaying services.
Is Chrysos a public or private company?
Chrysos is a public company. It is classified as public and is currently operating.
When was Chrysos founded?
Chrysos was founded in 2016. It employs 101 to 250 people.
Where is Chrysos based?
Chrysos is headquartered in Netherby, Australia, in the Oceania region.
How does Chrysos make money?
Two revenue lines are on record. PhotonAssay Unit Sales and Leasing is the primary driver. The others are master Service Agreements (MSA).
Who are Chrysos's main competitors?
Direct peers on record are SGS SA, Bureau Veritas, Intertek Group, ALS Limited, MSALABS, Rigaku Corporation and Malvern Panalytical. Broad incumbents are Revvity, Thermo Fisher Scientific and Bruker Corporation.
Does Chrysos have an API?
No public API is recorded for Chrysos.