Cyanide monitoring technology gets big funding in the US
Single-use test cartridge that contains a cyanide-sensing molecule.
(Image courtesy of CyanoGuard).
CyanoGuard, a Switzerland-based chemtech startup that works on cyanide detection for the gold mining industry, received a half-million-dollar investment from US-based incubator Newlab and the Prospect Mining Studio initiative it hosts together with the Vimson Group.
The new funds will allow CyanoGuard to further develop its first-of-its-kind cyanide monitoring and optimization technology platform and scale its customer base in the global gold mining industry.
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CyanoGuard is a digital platform that enables rapid toxin detection and allows gold miners to reduce cyanide use by 15-20% through improved process control
Newlab Launches Open Calls Inviting Innovators to Apply Transformative Technologies to Major Global Challenges
Companies are invited to submit applications for Innovation Studios focused on a range of challenges and opportunities across industry and society spanning 5G, mining, and macro and micro-mobility challenges.
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BROOKLYN, N.Y., Jan. 29, 2021 /PRNewswire/ Newlab announced the launch of its Open Call season, inviting the world s leading entrepreneurs, engineers and inventors to submit applications to have their companies considered for participation in one of four Newlab Innovation Studios. Newlab s Innovation Studios bring together Fortune 500 companies, civic leaders, and innovators to solve complex challenges across industry and society, and this year s Innovation Studios will focus on opportunities for leveraging technology to address issues spanning 5G, accessibility, mining, and mobility.