Minnovare

Perth, Australia Founded: 2012 • Age: 14 yrs Acquired By Hexagon
Drill rig alignment technology for mining and construction is developed.
Annual revenue - Latest available
Total funding - 1 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products - Services tracked
Competitors 7 Brand Intelligence

About Minnovare

Minnovare is a company based in Perth (Australia) founded in 2012 was acquired by Hexagon in January 2022. Minnovare operates in a competitive market with competitors including Devico, Objectivity, Megms, DrillingMetrics and Cortex Mechanics, among others.

  • Headquarter Perth, Australia
  • Sectors
    Natural Resources
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Natural Resources → Mining & Quarrying Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
    Hexagon

    & 2 more

  • Employee Count
    Not available
  • Acquired by
    Hexagon

    (Jan 14, 2022)

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Funding Insights of Minnovare

Investors in Minnovare

Minnovare has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Hexagon, Viburnum Funds and Jolimont Global Mining Systems.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investment management services are provided by Viburnum Funds.
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Provides private equity investments in metals, mining, and critical minerals globally.
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Hexagon is recognized for delivering advanced measurement and automation technologies.
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Investor details for Minnovare

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Investments & Acquisitions by Minnovare

Investments
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Investment portfolio details for Minnovare

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  • Transaction dates
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Financial Statements - Minnovare

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Detailed financials for Minnovare

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Minnovare Comparisons

Minnovare Primary company
Description
Drill rig alignment technology for mining and construction i...
Location
Perth, Australia
Founded Year
2012
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Minnovare

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Competitors of Minnovare

Minnovare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Devico, Objectivity, Megms, DrillingMetrics and Cortex Mechanics, among others.

Company Name Domain Founded year HQ Location Description
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Directional core drilling and borehole survey tools are provided.
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Data-driven mining exploration solutions are provided for drilling optimization.
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Provides exploration geological modeling services for the mining industry.
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Operates an AI-interfaced drilling platform for real-time insights and analytics.
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It serves as a cortex mechanics.
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Detailed competitors of Minnovare

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Latest news on Minnovare

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Complete news archive for Minnovare

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Frequently Asked Questions about Minnovare

Minnovare was founded in 2012 and raised its 1st funding round 4 years after it was founded.

Minnovare is headquartered in Perth, Australia. It is registered at Perth, Western Australia, Australia.

Minnovare was founded in 2012 in Perth, Australia. Drill rig alignment technology known as the Azimuth Aligner is provided for the mining and construction sectors. Capabilities such as accuracy, multi-use functionality, true north orientation, real-time monitoring, trackable progress, live data access, long-lasting performance, magnetized components, and durability are incorporated. Operations focus on software solutions that support alignment processes in industrial drilling applications.

Minnovare's top competitors include Devico, Objectivity and Megms.

Minnovare has 3 investors. Key investors include Hexagon, Viburnum Funds, and Jolimont Global Mining Systems.

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