LoopX
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Founders
About
LoopX is a Toronto- and Sudbury-based Physical AI company building machine intelligence for uncontrolled mining environments where visibility, terrain, dust, and lighting change rapidly 123. The company’s platform combines thermal-vision AI, edge computing, and proprietary models trained on real-world mining data, powering applications including the LoopX Collision Avoidance System (CAS) for mobile equipment, LoadSight for automated payload measurement and material tracking, and BoomGuard for active safety around boom machines 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-04 | Seed | $4.05M | BDC Seed Venture Fund, Orion Industrial Ventures | Hatch 123 |
The company plans to use the funding to expand its team across applied AI engineering, customer success, and go-to-market 12.
What Investors Say
“We believe its technology has the potential to improve safety outcomes and productivity across mining operations.” — Mark Smith, BDC Seed Venture Fund 2
“LoopX is targeting one of mining’s most complex operational challenges, and we are excited to join Chao and the team on this mission.” — Mark Frayman, Orion Industrial Ventures 2
What Founders Say
“We believe high-risk environments deserve the most intelligence. Mining is where our Physical AI is tested under the toughest real-world conditions.” — Chao Yu, Co-Founder & CEO 2
Sources
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BusinessWire, “LoopX Raises $4.05M Seed Round Led by BDC Seed Venture Fund and Orion Industrial Ventures with Participation from Hatch,” August 4, 2026, accessed August 2026. https://www.businesswire.com/news/home/20260804630169/en/LoopX-Raises-$4.05M-Seed-Round-Led-by-BDC-Seed-Venture-Fund-and-Orion-Industrial-Ventures-with-Participation-from-Hatch↩↩↩↩
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Pulse 2.0, “LoopX Raises $4.05 Million Seed Round Led By BDC And Orion Industrial Ventures,” August 4, 2026, accessed August 2026. https://pulse2.com/loopx-raises-4-05-million-seed-round-led-by-bdc-and-orion-industrial-ventures/↩↩↩↩↩↩↩
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VentureBeat, “LoopX Raises $4.05M Seed Round Led by BDC Seed Venture Fund and Orion Industrial Ventures with Participation from Hatch,” August 4, 2026, accessed August 2026. https://venturebeat.com/business/loopx-raises-405m-seed-round-led-by-bdc-seed-venture-fund-and-orion-industrial-ventures-with-participation-from-hatch↩↩