Quebec startup Point Laz raises $1.2M to transform mine safety

Point Laz, a Quebec City-based startup, has secured $1.2 million in venture capital financing led by i4 Capital Fund, marking a milestone in advancing their Lazaruss scanning device for mine safety. This optical tool promises to revolutionize mine shaft inspections by not only slashing inspection times but also enhancing safety for miners.

The Lazaruss system represents a breakthrough in the mining sector, offering substantial benefits:

1. Automated inspections: It automates mine shaft inspections, providing reliable structural and visual data for continuous monitoring. This data is logged historically, facilitating comparison over time.
2. Time and cost savings: By reducing inspection time from several hours monthly to just one hour per week, the technology boosts production efficiency and revenue generation.
3. Enhanced safety: The system eliminates the need for manual inspections, thereby improving mine worker safety. It can detect subtle changes undetectable to traditional methods.
4. Data processing and AI: Using AI and proprietary algorithms, the technology processes collected data for better planning and maintenance of mine shafts.

With international interest already piqued, Point Laz plans to use the funding to scale production of their Lazaruss scanners. The company wants to establish itself as a global leader, targeting markets in Canada, the United States, South Africa, and Australia.

Supported by Quebec-based engineers, Point Laz emphasizes local innovation in developing technologies that redefine industry standards and enhance mine safety.

Part of the funding originates from Quebec City's support initiatives under Vision entrepreneuriale Québec 2026, underscoring local government backing for innovative startups.

“With this financing, we are ready to move on to the next marketing step and we are oh so proud to put Quebec's engineering team 'on the map'. Lazaruss will strengthen mine worker safety and operational performance," said president and CEO of Point Laz Alexandre Grenier. 

Founded in 2020, Point Laz integrates cutting-edge monitoring technologies into underground mining operations, setting new benchmarks for safety and performance in the industry.

For more information, visit www.PointLaz.com.