GeologicAI, a Canadian startup, initially served oil and gas clients by scanning core samples and assessing reservoir potential. However, the company realized that consulting businesses lack scalability. Through an accelerator program, GeologicAI explored other applications for its technology, such as processing large quantities of core samples for mining companies. While miners were not willing to pay the same rates as oil and gas companies, GeologicAI adjusted its pricing to make it more affordable. With 75 million meters of rocks waiting to be scanned worldwide, the startup sees potential for growth in the mining sector.
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