Impossible Mining Raises $10.1M in Seed funding


Impossible Mining, a San Jose, CA-based startup building responsible seabed mining & refining technology, closed an additional $10.1m in seed funding.

The round was led by Justin Hamilton with additional participation from a select group of YC investors including all three previous CEOs of ARM Holdings PLC (Mr. Simon Segars, Mr. Warren East and Sir Robin Saxby), existing investors, as well as Aureolis Ventures, CapitalX, Climate Collective, Futureland Ventures, Gaingels, Liquid 2 Ventures, Microventures, Newgen Venture, New Venture Order, Noveus Capital, Park Capital, Palrecha Capital, Pareta Ventures, Quiet Ventures, Rebel Fund, Soma Capital Fund, Starlight Ventures,, Y Combinator, Zillionize, plus a number of angel investors.

The company intends to use the funds to develop and test its technology.

Led by Oliver Gunasekara, CEO & Co-Founder, Impossible Mining is advancing a four-mile deep robotic collection system which leverages Bio-Extraction technology.

The YC W22 startup also announced its key advisors, including: 
Mr. Bob Galyen, Former CTO of CATL 
Mr. Dan Lankford, Former CEO of AT&T Microelectronics – Europe 
Mr. Justin Manley, AUV design expert 
Mr. Simon Segars, Former CEO of ARM and former board member of SoftBank 
Mr. Phil Straw, CEO of SoftIron, underwater expert