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LoopX has raised $4.05 million in seed funding, led by BDC Seed Venture Fund and Orion Industrial Ventures, to enhance product development and growth in industrial AI for mining.
PRIVATEAug 04, 2026•5 days ago
Amount Raised
$4.05 Million
Round Type
Seed
Artificial IntelligenceMachine Learning
Investors
HatchOrion Industrial VenturesBdc Seed Venture Fund
Description
LoopX has raised $4.05 million in seed funding led by BDC Seed Venture Fund and Orion Industrial Ventures, with participation from Hatch. The funding will accelerate product development, engineering expansion, commercial deployment, and customer growth. LoopX develops all-condition intelligence for underground mining and other harsh industrial environments. Its AI platform enhances safety, productivity, and operational decision-making.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers