BASF Venture Capital to Invest in AI Company IntelliSense.io
By Cecilia Butini
BASF Venture Capital GmbH is investing in U.K.-based mining
artificial intelligence company IntelliSense.io, the two companies
BASF Mining Solutions, the German company's mining division, is
also entering in an exclusive partnership with IntelliSense.io, the
A group of U.K.-based technology investors will participate in
BASF Venture Capital's investment round, the companies said.
According to the statement, IntelliSense.io provides technology
to help mining companies optimize their extraction process.
BASF Venture Capital's managing director Markus Solibieda said
IntelliSense.io's Artificial Intelligence system can help "optimize
the metal lifecycle from extraction to processing to disposal."
IntelliSense.io founder and Chief Executive Sam G. Bose said the
capital raised through the investment rounds will be deployed to
increase the company's application portfolio and to support
Write to Cecilia Butini at firstname.lastname@example.org
(END) Dow Jones Newswires
August 18, 2020 05:28 ET (09:28 GMT)
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