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Minnovare

Minnovare is a provider of drilling technology that improves the speed, cost and accuracy of underground drilling.

Backed by

Viburnum FundsViburnum Funds
Jolimont Global Mining SystemsJolimont Global Mining Systems

EQUITY on April 17, 2016

About

Minnovare makes the Azimuth Aligner, a device that automates rig alignment—replacing manual processes to improve speed, accuracy and cost-efficiency for drilling operations in mining and civil construction worldwide.

Mission

Minnovare commercialized and achieved product–market fit for its Azimuth Aligner over the past three years. The Azimuth Aligner eliminates manual, labor‑intensive rig alignment processes to deliver faster, cheaper and more accurate drilling for the Mining and Civil Construction industries. The company says it has worked with clients, distributors and suppliers to hone the product and build awareness. With the recently completed financing, Minnovare reports it now has the balance sheet to scale internationally. The company plans further Azimuth Aligner product iterations and to broaden its product portfolio through new technology development. Management frames the business as being at an inflection point as it moves from Australian market focus toward global expansion.

Quick Facts

Founded

2012

Funding

EQUITY

Industry

Mining

Team Size

11-50

Headquarters

Perth, Western Australia, Australia