Mining giant BHP and former Google chief executive Eric Schmidt’s Innovation Endeavours have tipped $25 million into Brisbane-based Plotlogic, whose AI scanning technology powered the five-year life extension at BHP’s massive Yandi iron ore mine in Western Australia last year.
The series A round, first flagged by The Australian Financial Review’s Street Talk, marks the first Australian investment for Innovation Endeavours, which is joined on the investor register by angel investors…