Giraffe Bio aims its bespoke biomolecules at the looming copper shortage
As AI data centers and EVs drive up demand for copper, Giraffe Bio has unearthed a $6.4 million seed round to help miners extract more of the mineral.
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Between the AI data center boom and economywide electrification, the world will need a lot more copper. By 2040, copper supplies could fall 25% short of demand.
That’ll be a tall order for the mining industry, which boosts production mostly by opening new mines, which is a costly, luck-driven endeavor. Typically, just 0.3% of prospective mines pan out.
