About Precision Mining
Precision Mining is a company based in Brisbane (Australia) founded in 2008 by Gary Olsen was acquired by Micromine in June 2021.. Precision Mining offers products and services including Micromine Geobank, Micromine Origin, Micromine Spry, and Micromine Advance. Precision Mining operates in a competitive market with competitors including Minemax, Revolution Mining, Minfo and Strategic Mining Technologies, among others.
- Headquarter Brisbane, Australia
- Founders Gary Olsen
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Sectors
Natural Resources
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Phone
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Website
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Social
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Products & Services of Precision Mining
Precision Mining offers a comprehensive portfolio of products and services, including Micromine Geobank, Micromine Origin, Micromine Spry, and Micromine Advance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for geoscience data logging and management in mining.
Tool for geological modeling and resource estimation.
Software for mine scheduling and haulage simulation.
Platform for underground mine planning and design.
Funding Insights of Precision Mining
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Precision Mining
Precision Mining has secured backing from 1 investor. Prominent investors backing the company include Micromine. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software solutions for mining exploration and operations are provided.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Precision Mining
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Precision Mining
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Precision Mining Comparisons
Competitors of Precision Mining
Precision Mining 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 Minemax, Revolution Mining, Minfo and Strategic Mining Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Production planning and execution solutions are provided to mining companies.
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Schedule optimization tools for mining operations are provided.
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Software for mining production management, knowledge sharing, and partnerships.
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| domain | founded_year | HQ Location |
Delivers software solutions for optimizing mining operations scheduling.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Precision Mining
When was Precision Mining founded?
Precision Mining was founded in 2008.
Where is Precision Mining located?
Precision Mining is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
What does Precision Mining do?
Precision Minings product Spry offers mine scheduling and haulage software solutions to the mining industry. Provides a hauling logic system, 3-D scheduler, georeferenced images, and reporting solutions etc. Revenue is generated through both yearly subscriptions and a pay as you go model. The former is priced at 10,000year while the latter at 15hour.
Who are the top competitors of Precision Mining?
Precision Mining's top competitors include Minemax, Revolution Mining and Minfo.
What products or services does Precision Mining offer?
Precision Mining offers Micromine Geobank, Micromine Origin, Micromine Spry, and Micromine Advance.
Who are Precision Mining's investors?
Precision Mining has 1 investor. Key investors include Micromine.
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