LONDON (IT BOLTWISE) – Digital Catapult recently announced a £400,000 investment in deep tech startup Optimal Slope. This company aims to make opencast mining more efficient and environmentally friendly. The investment will enable Optimal Slope to further develop its technology and enter international markets.
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Digital Catapult’s investment in deep-tech startup Optimal Slope marks a significant step towards a more sustainable mining industry. Optimal Slope has developed a software platform that automates and optimizes the design of open pit walls. This technology reduces waste, reduces costs and significantly reduces the carbon footprint of mining activities. This is particularly important because mining plays a key role in providing the metals needed for renewable energy technologies such as solar panels and wind turbines.
Founded in 2021, Optimal Slope has quickly established itself as an innovator in the mining technology space. The company’s platform is already used by international mining companies and will now use the investment to expand into markets such as Australia, Canada, South America and Africa. These regions are critical to metal mining, both to the local economy and to the global clean energy supply chain.
Digital Catapult’s investment will be in the form of a convertible loan and will allow Optimal Slope to refine its products with user feedback and strengthen its marketing strategies. Stefano Utili, co-founder and CEO of Optimal Slope, emphasizes the importance of the mining industry in the transition to renewable energy and the need to change the way the industry operates to gain societal acceptance.
Susan Bowen, CEO of Digital Catapult, highlights how profound technological innovations can transform the mining industry. Supporting Optimal Slope shows how important it is to strengthen the resilience of industrial supply chains and make the industry future-proof. This investment underscores Digital Catapult’s commitment to promoting industrial supply chain resilience while reducing environmental impact.
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