LoopX provides a Physical AI-powered platform designed to enhance safety and productivity within mining operations. The system integrates real-time detection for hazards and collision avoidance with automated tracking of loads and machine utilization. This unified platform delivers data-driven insights and supports scaling from basic safety tools toward assisted control and autonomy.
Funding
$380K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The mining industry faces significant challenges related to safety, productivity, and labor shortages, particularly in harsh and hazardous environments. Traditional proximity detection systems often lack the contextual understanding needed to prevent collisions and optimize equipment operation, leading to inefficiencies and increased risk.
Solution
LoopX provides AI-driven situational awareness and autonomous operation systems designed to enhance safety and efficiency in mining environments. Their technology utilizes smart sensors, including cameras and LiDAR, to create a comprehensive understanding of the interactions between mobile equipment and the surrounding environment. The system offers precise collision warnings, geolocation tracking, and monitoring of load and cycle times. Building upon situational awareness, LoopX offers autopilot control and autonomous operation systems that enable equipment to navigate, adapt, and execute tasks without direct human intervention, improving overall safety and productivity.
Target Audience
LoopX targets mining operators seeking to improve safety and productivity, mining contractors aiming to integrate safety and automation solutions across diverse project sites, and mining equipment manufacturers looking to offer cutting-edge AI and robotics solutions.
Features
- Situational Awareness System (SAS) that uses AI and smart sensors to provide contextual understanding of equipment interactions.
- Precise collision warnings and geolocation tracking for enhanced safety.
- Autopilot Control System (ACS) that takes automatic actions like emergency braking to prevent collisions.
- Autonomous Operation System (AOS) for advanced decision-making, task planning, and motion control.
- Safe and Smart Mining Platform (SMP) that leverages generative AI to analyze multi-modal fleet data and generate insights.
- AI-powered analytics software that monitors safety risks, tracks equipment efficiency, and predicts trends.
- Technology licensing partnerships for mining equipment manufacturers to integrate AI and robotics into new equipment.