Zanskar Geothermal & Minerals Inc. is an AI-native geothermal energy exploration company headquartered in Salt Lake City, Utah. The company utilizes advanced subsurface data and machine learning foundation models to precisely locate and develop clean geothermal resources.
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Zanskar is an energy company headquartered in United States. It has raised at least $145M across the 2 funding rounds on record. Its most recent funding round, Series C, raised $115M in January 2026. Xcout tracks 2 named people at Zanskar, including Carl Hoiland (CEO and Co-founder).
At least $145M raised across the 2 rounds on record. Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Series C | $115M | 13 named | |
| Series C | $30M | 13 named |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
A few of Zanskar's closest competitors — see the full list of competitors and alternatives →
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Eden GeoPower Inc. is a Somerville, Massachusetts-based company developing electrical reservoir stimulation technology to increase subsurface permeability for next-generation geothermal energy production.
Bedrock Energy provides geothermal heating and cooling solutions for real estate developers, owners, and builders. The company utilizes proprietary drilling technology and data algorithms to design and construct geothermal borehole fields efficiently.
Sage Geosystems Inc. is a geothermal baseload and energy storage company founded in 2020. The company is headquartered in Houston, Texas.
Endurance Energy develops subsea geothermal power systems to provide continuous, low-cost renewable energy for industrial sites, island nations, and data centers. The company utilizes seafloor-based infrastructure to harness thermal energy from tectonic activity, aiming to address global power shortages.
Dig Energy, Inc. provides software and machine controls designed to significantly reduce the cost of drilling by up to 80 percent, enabling accessible thermal energy options. Headquartered in Concord, New Hampshire, the company focuses on innovative technologies that streamline drilling operations and drive down energy exploration costs.
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