Kurt House Net Worth: Co-Founder and CEO of KoBold Metals – AI-Based Mineral Exploration

Kurt House is an entrepreneur who is also the co-founder and chief executive officer (CEO) of KoBold Metals. KoBold Metals is a technology company driven by artificial intelligence (AI) to identify new deposits of critical minerals like lithium, cobalt, nickel, and copper. 

These minerals are crucial for the global energy transition, particularly in electric vehicles (EVs) and renewable energy storage.

KoBold uses AI to analyze massive amounts of geological data, pinpointing potential areas for mineral exploration. This technology significantly reduces the time and cost associated with traditional exploration methods.

KoBold operates on a global scale, exploring minerals in various regions worldwide. The company has attracted substantial investment from prominent individuals and institutions, including billionaire investors like Bill Gates, Jack Ma, and Jeff Bezos. Founded in 2018, this AI-based mineral exploration company reached a valuation of $1 billion in 2023. It is now striving to double it.

Before founding KoBold, House founded a carbon sequestration and enhanced oil recovery venture and a natural gas asset acquisition platform. He has also worked at Bain & Company and held academic positions at Stanford University and Massachusetts Institute of Technology (MIT). 

Kurt House’s Personal Stats and Other Details
Residence	San Francisco Bay Area, California, United States
Citizenship	United States
Marital Status	Undisclosed
Children	Undisclosed
Education	Bachelor of Arts in Physics from Claremont McKenna College, PhD in Earth and Planetary Science from Harvard University
Current Net Worth and Salary (2024)	Unknown
Companies	KoBold Metals, C12 Energy LLC
Achievements	Co-founder and CEO of KoBold Metals

This article will look into Kurt House’s net worth, education, career, and more. 

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Kurt House Net Worth

There is no information available on Kurt House’s net worth. We will update this section as soon as we come across any reliable information on House’s wealth. 

However, it is worth noting that Kurt House is the co-founder and CEO of a billion-dollar company. His leadership role in a billion-dollar company warrants a decent net worth. 

Education

Kurt House earned his Bachelor of Arts in Physics from Claremont McKenna College, where he studied from 1997 to 2001. Following his undergraduate studies, he pursued a PhD in Earth and Planetary Science at Harvard University from 2003 to 2008. His doctoral thesis focused on the physics and chemistry of carbon dioxide capture and storage in terrestrial and marine environments.

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Career

Kurt House began his career as a Research Fellow at Stanford University and Affymetrix Inc. in 2000. During this time, he applied contrast enhancement photolithography to Affymetrix’s GeneChip synthesis process, significantly reducing active feature sizes.

After this role, he worked as an Associate Consultant at Bain & Company from 2001 to 2003. 

Following his time at Bain, House served as a KAUST Post-Doctoral Research Fellow at the Massachusetts Institute of Technology (MIT) for the next two years. His research focused on the computational investigation of the physics and chemistry of CO2-enhanced oil recovery.

In 2008, he co-founded C12 Energy, LLC, where he held the position of Chief Executive until 2014. The company was a private-equity-backed oil and gas enterprise focused on redeveloping mature oil fields through CO2-enhanced recovery.

From 2015 to 2017, House became a Partner at Phase Change Resources, LLC, a private-equity-backed oil and gas acquisition platform that utilized data science to identify undervalued unconventional gas assets. He also served as a Professor Adjunct at Stanford University for three years.

In September 2018, Kurt House founded KoBold Metals, an AI-based mineral exploration company, and has been serving as its Chief Executive since then. 

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Latest Updates

Earlier this year, KoBold Metals discovered what might be one of the largest high-grade copper deposits ever, with the potential to produce hundreds of thousands of metric tons annually. This significant mineral discovery positioned the company as a key player in the mining sector, especially given the rising demand for copper in various industries.

In addition to its discovery, KoBold is close to raising over half a billion dollars. It already secured $491 million of a targeted $527 million funding round. This follows a previous funding round of $195 million, which valued the company at $1 billion post-money. For the current funding round, KoBold is aiming for a valuation of $2 billion. Some of the major investors include Bill Gates, Jeff Bezos, Jack Ma, Andreessen Horowitz, and Breakthrough Energy Ventures.

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FREQUENTLY ASKED QUESTIONS

Who is the CEO of KoBold Metals?

The Chief Executive Officer (CEO) of KoBold Metals is Kurt House. House co-founded the mineral exploration company in 2018 and has been serving as its CEO since. 

How much is KoBold Metals worth?

KoBold Metals reached a valuation of $1 billion in 2023. It is now striving to double it and reach a valuation of over $2 billion.

Is KoBold a publicly traded company?

No, KoBold is not a publicly traded company. It is currently a private company.