Startup · United States
Zanskar
HQ Provo, UtahFounded 2019Updated
Zanskar Geothermal & Minerals uses custom AI tools and geoscience models to analyze vast amounts of data and pinpoint untapped geothermal hotspots.
Funding1 round · $115M
- Equity raised
- $115M
- Latest
- $115MSeries C · Jan 21, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Jan 21, 2026 | Series C | $115M | — | — | — | Reported |
- Series C$115MJan 21, 2026
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: AI geoscience tools to locate untapped geothermal hotspots, a power-generation resource; no defense use is stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: AI geoscience tools to locate untapped geothermal hotspots, a power-generation resource; no defense use is stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People2
| Person | Role |
|---|---|
| Carl Hoiland | Co-founder |
| Joel Edwards | Co-founder |
Sources9
Profile7
- 1
Bloomberg via Rigzone · Aug 27, 2022 · Supports Organization · founded year
“In 2019, Hoiland co-founded Zanskar”
- 2
Supports Organization · hq city, Organization · hq region
“Headquarters Provo,UT,US”
- 3
Zanskar Geothermal & Minerals, Inc. (hosted by Caltech) · Supports Organization · founded year
“venture-backed startup founded in 2019 by Stanford and UCSC geoscience PhDs.”
- 4
- 5
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "USA", "hq_iso2": "US", "id": "e8a615c4-ccb6-4726-8456-31f54fa1b98a"}”
- 6
- 7CompanyZanskar Geothermal
Zanskar · Supports Organization · description, Organization · name, Organization · website
“Zanskar Geothermal & Minerals uses custom AI tools and geoscience models to analyze vast amounts of data and pinpoint untapped geothermal hotspots.”
Funding1
- 8
Supports Funding round, Organization · ownership
“Geothermal energy developer Zanskar raised a $115 million Series C to develop multiple projects in the western U.S.”
People1
- 9CompanyZanskar Geothermal
Supports Role
“Co-founders Carl Hoiland and Joel Edwards had seen the limits of traditional geothermal exploration and development.”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.