Mining-focused data solutions company MineSense Technologies announced today that it has raised $42 million, with proceeds from the financing aimed at accelerating the commercial deployment of its solutions to address growing demand for more sustainable supply chains and for energy transition-related materials.

The Series E financing round was led by J.P. Morgan Asset Management’s Sustainable Growth Equity team, launched by the firm earlier this year to invest in growth-stage private companies that drive resource efficiency and climate adaptation solutions across a range of industries. The financing also saw participation from new investor Evok Innovations, alongside existing venture investors.