Supported ventures

Agizo Solutions

Agizo Solutions (Pty) Ltd

Brands: Agizo, Agizo Solutions

Flagship product: AI-Powered Mineral Resource Detection

Founding team: Matheri Kangethe

Application: AI-driven hyperspectral imaging for mineral exploration and illegal mining detection

Sector/Industry: Mining Technology

Subsector: Artificial Intelligence & Remote Sensing

Year founded and commenced operations: 2017

Year partnered with TuksNovation: 2024

Email address: info@agizo.co.za 

Website: agizo.co.za

LinkedIn: linkedin.com/company/agizo-solutions

 

Description

Agizo is a leading geospatial technology company serving the mining, construction, agriculture, public administration, and infrastructure management sectors. They deliver solutions through advanced geographic information systems (GIS) and remote sensing technologies, including drone and satellite platforms. 

Agizo also specializes in AI-powered mineral resource detection using satellite-based hyperspectral imaging. Their technology applies deep learning to identify gold and other minerals with high precision, reducing exploration costs and environmental impact. The solution also facilitates the detection of illegal mining activities, supporting regulatory authorities in safeguarding mining assets and public safety. By providing an affordable, licensable model for mineral exploration, Agizo Solutions aims to democratize access to mining intelligence while driving economic growth and sustainability in the sector.

Growth Objectives

Agizo Solutions aims to refine and commercialize its AI-driven mineral detection technology, expanding market reach in South Africa and beyond. The company focuses on regulatory compliance, attracting investment, and fostering strategic partnerships. By enabling cost-effective exploration and illegal mining detection, Agizo drives sustainable mining practices and economic growth in the sector. 

Their growth objectives include:

  • Developing & Validating AI Models: Finalize and optimize deep learning-based mineral detection models.
  • Market Expansion: Deploy AI-powered exploration solutions across South Africa and beyond.
  • Regulatory Compliance: Work with mining regulators to ensure compliance with industry standards.
  • Investment Attraction: Showcase cost-effective exploration methods to attract local and international investors.
  • Sustainability & Security: Address illegal mining concerns while promoting sustainable mining practices.

    Differentiation/Value Proposition

    Agizo Solutions offers AI-driven, cost-effective mineral detection, enhancing exploration accuracy, reducing costs, and aiding illegal mining detection for sustainable growth.

    Key elements include: 

    • Innovative AI-Driven Exploration: Uses satellite hyperspectral imagery and deep learning for accurate mineral detection.
    • Cost-Effective: Reduces exploration costs compared to traditional methods.
    • Scalability & Accessibility: Licensable AI models make exploration affordable for more stakeholders, including artisanal miners.
    • Illegal Mining Detection: Supports law enforcement and mining authorities in curbing illegal mining activities.
    • Economic Growth: Contributes to GDP growth, job creation, and sustainable mining industry practices.

    Business Stage/Phase

    Agizo Solutions is in the technology development stage, focusing on refining its AI models, validating its methodology, and preparing for commercialization.

    Key aspects include: 

    • Technology Development: AI models are under development, testing, and refinement.
    • Commercialization Planning: Preparing for market deployment and regulatory compliance.
    • Strategic Partnerships: Engaging with government and industry stakeholders for collaboration.

    Investment Stage/Phase

    The company is at the Seed Investment Stage, focusing on: 

    • Seed Funding: Seeking investment for AI model refinement, infrastructure setup, and pilot projects.
    • Funding Utilization:
      • AI Model Training & Testing.
      • Market Expansion & Regulatory Compliance.
      • Infrastructure Development & Data Acquisition.

        Investment Raised

        Agizo Solutions has raised funding from the following sources so far:

        • Self-funded initial capital to fund proof-of-concept.
        • SANSA NEOFrontiers funding round (Seed) in 2024.