The Coring Company As

What The Coring Company As does

The Coring Company AS is a Norwegian deep-technology company that sells an integrated hardware, software and AI platform for capturing, analysing and operationalising geological data during drilling. Its core technology is the patented Cuttings Sampler Unit (CSU) — a modular drill-bit-mounted tool that collects depth-referenced, undisturbed drill-cuttings samples in real time during active drilling — paired with the Sample Control System (SCS), a SaaS platform (C#/.NET, MSSQL, Angular, hosted on Azure) and the SCS Ops mobile application (Android and iOS). The platform is delivered through three industry-vertical editions: SCS Mining (production drilling, grade control and waste reduction), SCS Exploration (planning, sampling and lab-driven decision support for prospect work) and SCS Construction (digital ground investigations for civil-engineering projects), supplemented by an Impact Calculator that quantifies environmental, social and financial outcomes.

The company monetises through three channels: (i) sale of patented CSU hardware and the Cuttings Sampler Emptier (CSE) accessory on a quote-based, unit-priced basis; (ii) recurring SaaS subscriptions for the SCS platform; and (iii) long-term commercial agreements with revenue caps, exemplified by a NOK 50 million revenue-cap contract with Teako Minerals for SCS Exploration. Distribution is sales-led: an in-house commercial team (CCO Bjørn Rune Bjørsvik plus technical-sales and Field Service Engineers) sells direct to enterprise mining, exploration and construction buyers, supported by a 'Get a Quote' web form, the Tyréns AB consulting partnership for construction, the Valence Mining Services alliance for exploration, and the Storvik manufacturing partnership for hardware production. Storvik is the OEM-style production partner.

The company was founded in October 2019 in Mo i Rana, Norway, by Frida Klæbo Vonstad (PhD geotechnics, UCL) and Geir-Tore Klæbo; it received its CSU patent in December 2022, has raised more than NOK 120 million in total funding (including a NOK 95 million R3i Investments facility in December 2024 at a NOK 577 million valuation), employs 18 people (target 25) and operates from Mo i Rana and Palo Alto. In May 2026 the company entered a court-supervised reconstruction (rekonstruksjon) at Helgeland Tingrett.

Name

The Coring Company As

Legal name

The Coring Company AS

Website

https://thecoring.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

The Coring Company AS is a Norwegian deep-tech company that sells a patented drill-bit-mounted Cuttings Sampler Unit (CSU) hardware, a Sample Control System (SCS) SaaS platform and AI-driven analysis tools to mining, mineral exploration and construction firms for real-time, depth-referenced geological sampling and ground-investigation workflows.

Ownership category

akta.pro rank

Product category

Mining and Exploration Technology

NAICS

Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313), Support Activities for Mining (213), Testing Laboratories and Services (54138)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530), Services-Testing Laboratories (8734)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industries

Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC), Process Mining & Task Mining Platforms (HDAEAHAD)

Keywords

• Mining technology solutions
• Geological data software
• Drill cutting sampling
• Ground investigation platform
• Mining SaaS analytics

Headquarters

HQ city

Mo I Rana

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Hardware sales — Cuttings Sampler Unit (CSU) and Cuttings Sampler Emptier (CSE): Sale of patented CSU hardware (drill-bit-mounted cuttings sampler) and accompanying CSE emptying unit to mining and exploration operators. Borehole sampling products are sold as physical equipment, with delivery described as a bulk-order, two-meter drill string product.
2. Software-as-a-Service — Sample Control System (SCS) platform: Recurring SaaS subscriptions for SCS Construction, SCS Mining and SCS Exploration editions covering planning, field data capture, lab ordering, reporting and impact analytics. Described as a SaaS solution addressing the full ground-investigation value chain.
3. Long-term commercial agreements with revenue caps: Multi-year sales contracts with revenue ceilings (e.g., the 50 million NOK sales agreement with Teako Minerals for SCS Exploration signed in 2023). Represents a contract/transaction-based revenue stream tied to project delivery milestones.
4. Professional services — installation, training and field support: Field Service Engineers deliver installation, commissioning, customer training, on-site and remote technical support, and continuous-improvement feedback loops bundled with hardware and software deployments.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

The Coring Company AS develops and sells an integrated hardware-plus-software platform for the mining, mineral exploration, and construction industries. Its patented Cuttings Sampler Unit (CSU) captures depth-referenced drill-cutting samples during active drilling, and the Sample Control System (SCS) — a SaaS platform delivered in industry-specific modules (SCS Mining, SCS Exploration, SCS Construction) with an SCS Ops mobile companion app and an Impact Calculator sustainability tool — digitizes planning, field sampling, lab orders, and impact analysis across the full ground-investigation value chain.

Product overview

The Coring Company As offers an integrated hardware-plus-software platform (rather than a single standalone product) for the mining, exploration, and construction industries. The architecture centers on the Sample Control System (SCS) — a SaaS software platform that digitizes the entire value chain of ground investigations, planning, sampling, and analysis — which is delivered through industry-tailored versions: SCS Mining (mining industry), SCS Exploration (exploration industry), and SCS Construction (construction industry). SCS is paired with the patented Cuttings Sampler Unit (CSU) hardware, which is emptied via the Cuttings Sampler Emptier (CSE) accessory, and is complemented by the SCS Ops mobile app for in-field data capture (available on Android and iOS). Together, the SCS software platform, the CSU hardware, and the Impact Calculator sustainability tool form a total-supplier offering aimed at reducing costs, waste, and CO2 emissions in heavy industry, with planned expansion into Deep-Sea Mining, Agriculture, and Space Mining.

Differentiator

Problem solved

Functional benefit

Brands

• CSU (Cuttings Sampler Unit): Patented hardware tool for borehole sampling. Mounted behind the drill bit to collect pinpoint-accurate samples of drill cuttings during subsurface drilling operations.
• CSE (Cuttings Sampler Emptier)
• SCS (Sample Control System)
• SCS Mining
• SCS Exploration
• SCS Construction
• SCS Ops

Products and services

• Sample Control System (SCS) Flagship SaaS software platform that digitizes the entire value chain for ground surveys, exploration activities, and field investigations — covering digital planning maps, dynamic drilling plans, mobile field data capture, lab order management, automated reporting, and cross-discipline impact analysis. Sold as a subscription to enterprise customers in mining, exploration and construction.
• SCS Mining Industry-specific version of the SCS software platform tailored for the mining sector, providing real-time data collection and analysis, tighter grade control, fewer waste tonnes per blast, higher ore recovery, and improved geological block model accuracy. Sold as a SaaS subscription to mining operators and contractors.

Quantifiable outcome

• Up to 40% reduction in the cost of ground investigations
• +7 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• StorvikcoreStrategic or Co-development Partner · 23 September 2025Selected as production/manufacturing partner for TCC's CSU hardware as the company transitions from development to production and delivery of its mining product.
• Tyréns ABcoreImplementation/ SI/ Consulting Partner · 13 May 2024Partnership to develop geotechnical investigation solutions. The collaboration is based on integration of Tyréns' GeoBIM solution with TCC's SCS Construction software, with the goal of turning SCS Construction into a complete tool for ground investigations and delivering unique innovative solutions to the international market.
• SINTEF (SINTEF Manufacturing and SINTEF Helgeland)coreStrategic or Co-development Partner · 13 October 2023Project agreement for product development of TCC's patented CSU hardware. SINTEF conducts analyses of material choices for components and explores production methods for large-scale manufacturing. Project is funded by the Regional Research Fund Nordland. This partnership supports the path from prototype to commercial manufacturing of the Cuttings Sampler Unit.
• Teako MineralsflagshipStrategic or Co-development Partner · 3 August 2023Deep strategic and commercial partnership covering equity swap (4.9% cross-ownership), joint product development, marketing of mining products, and shared advisory roles (Teako CEO Sven Gollan serves as special advisor in TCC, while Frida Vonstad serves as special advisor in Teako). Includes NOK 50M revenue-cap sales agreement for SCS Exploration and a Letter of Intent covering seven mineral projects on Helgeland.
• Valence Mining Services (Service Alliance)coreStrategic or Co-development Partner · 2 May 2023Member of a strategic business alliance of 11 exploration companies, 3 tech companies and 2 financial institutions focused on marketing, sales, procurement synergies and best-practice sharing. The alliance creates opportunities to evaluate and test innovative solutions between exploration companies and tech-focused members.
• MestacoreImplementation/ SI/ Consulting Partner · 9 November 2022Testing agreement for SCS Construction with one of Norway's largest construction companies (1,700+ employees, NOK 5B turnover), focused on digital innovation for ground investigations. Mesta Ground Investigations is testing TCC's digital planning, risk mapping and optimization platform as part of its ambition to become the industry's digital champion.
• NIFRO (Norwegian Industrial Forum for Space Activities)minorOthersMembership in NIFRO, which serves as a meeting point between Norwegian companies, academic environments and institutes within space activities. Reflects TCC's interest in space mining and lunar/Mars resource exploration as a future application of its technology.
• Connect the Drops (Netherlands)minorOthersRepresentative Jan Otto Ooms serves as a board observer for TCC alongside co-founder/CTO Geir-Tore Klæbo, signaling an investor or strategic advisory relationship with the Netherlands-based entity.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Corescan: Hyperspectral drill core imaging and mineralogical analysis services for mining and exploration companies. Comparable to TCC's CSU + SCS workflow in providing high-resolution, depth-referenced geological data to support ore-body modeling and exploration decision-making.
• MinalyzeCS: Sweden-based drill core scanning and 3D geological characterization company serving mineral exploration and mining clients globally. Comparable to TCC in delivering digitized, depth-referenced core/cuttings data via an integrated hardware-software platform.
• Veracio: Drill core scanning and geological data analytics platform (formerly Boart Longyear's Geological Data Services division). Directly comparable to TCC for the drill-cuttings/core analysis workflow, with integrated hardware and SaaS data delivery to mining customers.
• Imdex Limited: Australia-listed mining technology company providing downhole sensors, drilling optimization, and sample analysis tools to the global mineral exploration and mining industry. Directly comparable to TCC as both serve the geological sampling / drilling data workflow with hardware + software solutions.
• Seequent (Bentley Subsurface): Geological modeling and geoscience software (Leapfrog, GeoStudio) widely used in mining and exploration for 3D subsurface modeling. Comparable to TCC's SCS Exploration AI-driven planning and decision-support workflow for exploration teams.

Broad incumbents

• Maptek: Mining technology company offering 3D geological modeling, mine planning, and operations software (Vulcan) used by major miners globally. Comparable to TCC's SCS for the geological data and decision-support layer in mining and exploration.
• Boart Longyear: Global drilling services and products company serving mining, exploration, and geotechnical markets. Comparable to TCC as a broad incumbent with sampling and drilling capabilities, though Boart Longyear's core business is contract drilling services rather than integrated digital geological data.
• Micromine: Mining software solutions for geological modeling, resource estimation, and mine planning across exploration and production. Comparable to TCC for the exploration-to-mining geological data workflow, with a broader software portfolio rather than hardware integration.
• Datamine: Established mining software vendor offering geological modeling, mine planning, and operations solutions to global mining customers. Comparable to TCC's SCS Mining and SCS Exploration as enterprise software for the mining value chain, though Datamine focuses on planning vs. real-time sampling data.
• Deswik: Mining software vendor specializing in mine planning, geological modeling, and operations solutions. Comparable to TCC for serving mining and exploration customers with geological data and operational software, though focused on planning workflows rather than real-time sampling hardware.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coring_the
• YouTubeyoutube.com/@TheCoringCompany_as
• Facebookfacebook.com/TheCoringCompany
• LinkedInlinkedin.com/company/the-coring-company
• Instagraminstagram.com/thecoringcompany

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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 The Coring Company As