LoopX
LoopX builds Physical AI platforms combining Vision AI, LiDAR, and RF sensors to deliver collision avoidance, situational awareness, and productivity solutions for underground and surface mining, serving major miners including BHP, Vale, Barrick Gold, IAMGOLD, and Eldorado Gold.
- Company typePrivate
- Founded2022
- HeadquartersWaterloo, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What LoopX does
LoopX Innovation Inc. is a Canadian Physical AI company founded in 2022 and headquartered in Waterloo, Ontario, with an operations and field-deployment hub in Sudbury and a regional office at ventureLAB in Markham. The company builds AI and robotics technologies designed to improve safety, productivity, and sustainability in mining, and explicitly aims to scale from safety tools through assisted control to full autonomy across off-highway equipment.
LoopX's product portfolio comprises five core systems unified under a Safe and Smart Mining Platform: a Collision Avoidance System (CAS) that fuses Vision AI, LiDAR, and RF for 360° detection in line-of-sight and non-line-of-sight conditions; a BoomGuard system for jumbo drills and bolters that uses vision AI to predict hazardous boom movements and automatically halt the machine; a Simultaneous Localization and Mapping (SLAM) system combining LiDAR, GPS, satellite imagery, and inertial sensors for underground positioning; a Load Sight system using 3D LiDAR and edge AI to measure truck and LHD productivity; and a Loading Awareness system that monitors LHD bucket fill status in real time. All critical functions run on onboard edge computers, providing offline-first reliability in environments where GPS and connectivity are unavailable, and the platform exposes APIs for integration with fleet management and safety dashboards.
The company sells integrated hardware and software systems directly to enterprise mining customers via field sales and installation teams, with a multi-year, quote-based pricing model. Revenue is generated through one-time hardware/software licenses, recurring software subscriptions, updates, and professional services including training and installation. Named customers include BHP, Vale, Barrick Gold, IAMGOLD, Eldorado Gold, Cementation Americas, and a Caterpillar Front End Loader deployment in South Africa. The company has secured strategic partnerships with Hatch, Cementation Americas, NORCAT, BHP (Deep Mining Open Call), and ventureLAB, alongside non-dilutive funding from FedNor, MICA, ElevateIP/CommuniTech, OCI, CDL Minerals, and the Accelerator Centre.
LoopX firmographics
Firmographics- Name
- LoopX
- Legal name
- LoopX Innovation Inc.
- Website
- https://loopx.ai
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LoopX builds Physical AI platforms combining Vision AI, LiDAR, and RF sensors to deliver collision avoidance, situational awareness, and productivity solutions for underground and surface mining, serving major miners including BHP, Vale, Barrick Gold, IAMGOLD, and Eldorado Gold.
- Ownership category
- akta.pro rank
LoopX industry classification
Industry- Product category
- Mining Safety and Autonomy Technology
- NAICS
- Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313)
- SIC
- Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Industrial Instruments For Measurement, Display, And Control (3823), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)
- akta.pro primary industry
- Mining Automation, Telematics & Fleet Management Systems (IMAKANAK)
- akta.pro secondary industries
- Construction & Mining Robotics (HDAAAIAE), Real-Time Vision at the Edge (on-device CV/video) (HDAAAJAE), Collision Avoidance & ADAS Retrofit Systems (TLAEANAD)
Keywords
Where LoopX is headquartered
LocationHeadquarters
- HQ city
- Waterloo
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
LoopX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain
Revenue model
- Hardware + Software Systems: LoopX sells AI-powered safety and productivity systems as integrated hardware/software solutions installed on mining vehicles. Systems are modular and hardware-agnostic, deployed across underground and surface fleets. Pricing appears quote-based given the enterprise nature of deployments.
- Software Subscriptions and Updates: LoopX provides ongoing updates, monitoring, and technical support to ensure systems continue running safely and effectively. Remote diagnostics tools and continuous AI model improvements delivered as part of the service offering.
- Professional Services: LoopX provides hands-on training for operators and maintenance teams, along with installation services. Installations are scheduled around maintenance windows and require minimal equipment modifications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise fleet pricing - Custom quote-based |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
LoopX product offering
Product offeringCore offering
LoopX sells an integrated Physical AI platform for the mining industry that fuses Vision AI, LiDAR, and RF sensors with onboard edge computing to deliver real-time collision avoidance, boom safety, vehicle localization, and productivity tracking on mining equipment. Systems are installed per vehicle (about one day each) for underground and surface mining operators, with multi-year contracts, recurring software updates, and operator/maintenance training.
Product overview
LoopX offers a unified Safe and Smart Mining Platform powered by Physical AI that combines safety and productivity technologies into one integrated system. The platform comprises five core products: Collision Avoidance System (CAS), Boom Guard System, Simultaneous Localization and Mapping System (SLAM), Load Sight System, and Loading Awareness System. CAS and Boom Guard are safety-focused products providing 360° detection and automatic intervention capabilities using multi-sensor fusion (Vision AI, LiDAR, RF). SLAM enables positioning and 3D mapping for underground environments. Load Sight and Loading Awareness Systems focus on productivity by tracking equipment utilization, load volumes, and cycle times. All products leverage edge computing for offline-first reliability and feed data into centralized AI-powered dashboards for operational insights.
Differentiator
Problem solved
Functional benefit
Brands
- BoomGuard: AI-powered safety system for boom machines (jumbo drills, bolters) that detects hazardous boom movements, alerts workers, and automatically stops the boom to prevent accidents.
- LoopX Collision Avoidance System (CAS)
- LoopX Situational Awareness System (SAS)
- LoopX Loading Awareness System
- LoopX Load Sight System
- LoopX SLAM System
Products and services
- Collision Avoidance System (CAS) Industry's first multi-sensor safety solution for underground and surface mining that fuses Vision AI, LiDAR, and RF into one integrated platform, providing 360° detection, proactive warnings, and automatic intervention to protect workers and prevent accidents. Achieves EMESRT Level 8 Collision Awareness and Level 9 Collision Avoidance readiness.
- Boom Guard System AI-powered safety system for jumbo drills, bolters, and other boom-equipped machines that uses 360° night-vision cameras with Vision AI to detect and predict hazardous boom movements in real time, alert nearby workers, and automatically stop the boom when danger is detected.
- Simultaneous Localization and Mapping System (SLAM) AI-powered system combining LiDAR, GPS, satellite imagery, and inertial sensors for precise vehicle positioning and real-time 3D mapping from surface to underground, enabling reliable localization where GPS is unavailable and creating geo-referenced maps for fleet localization.
- Load Sight System AI-powered solution using 3D LiDAR, night vision cameras, and edge AI to automatically track truck and LHD productivity, measure load volumes, identify loading status, record cycle times, and generate daily and weekly reports.
- Loading Awareness System Vision AI-powered solution that monitors bucket load status and bucket count for Load Haul Dump (LHD) vehicles in underground mining, automatically detecting empty, partially filled, or fully loaded buckets and identifying underload or overload conditions in real time.
- Second-Generation Situational Awareness System (SAS) Second-generation AI-powered situational awareness system for underground mining that uses advanced sensors and AI algorithms to detect hazards and personnel in complex underground environments, delivering 360° awareness to improve worker safety and enable autonomous integration.
Quantifiable outcome
- Near-miss incidents drop immediately upon deployment
- +3 more outcomes
Companies that use LoopX
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles2 records
LoopX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature8 records
LoopX partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- HatchcoreHatch and LoopX partnership to advance development of smart and safe mining technologies. Hatch is a global engineering and advisory firm specializing in mining, metals, and energy, providing strategic partnership for LoopX's technology development and market access.
- Cementation AmericascoreCementation Americas continues collaboration with LoopX to test the BoomGuard AI-powered safety system for boom machines like jumbo drills at their North American maintenance facility. System uses camera and LiDAR technology with advanced vision AI to detect pedestrians around mining equipment.
- NORCATcoreNORCAT's Underground Centre expansion includes LoopX as a key tenant. LoopX is located at NORCAT facility in Sudbury for testing and demonstration of mining technologies. NORCAT received $1,080,000 for Phase III expansion to create jobs and support mining technology businesses.
- ventureLABminorLoopX has an office at ventureLAB in Markham, Ontario. ventureLAB is a technology hub that supports innovative companies in Canada's technology ecosystem.
- BHPcoreLoopX was selected as one of eight finalists for BHP's Deep Mining Open Call through the Think & Act Differently, Powered by BHP program. LoopX participated at PDAC 2026 with BHP Invent panel.
- Creative Destruction Lab (CDL)minorLoopX was selected as part of the inaugural cohort of the CDL Minerals program, a premier accelerator for high-potential science-based ventures.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
LoopX competitors and assessment
Company assessmentDirect peers
- Strata Worldwide: Strata Worldwide provides underground mining safety, communications, and proximity detection systems, directly overlapping LoopX's CAS and BoomGuard product categories in underground hard-rock and coal mining.
- Epiroc: Epiroc (formerly part of Atlas Copco) offers the 6th Sense safety and automation portfolio for underground and surface mining, including collision avoidance and autonomous hauling — a direct functional competitor to LoopX's safety + productivity stack.
- Hexagon (Mining division / HxGN MineProtect): Hexagon's Mining division sells the HxGN MineProtect safety portfolio, including collision avoidance and operator alertness systems built on multi-sensor fusion for underground and surface mining — directly comparable to LoopX's CAS, BoomGuard, and SAS offerings.
- RCT: RCT specializes in mining equipment automation, including collision avoidance, operator assistance, and autonomous haulage for underground and surface mines — comparable to LoopX's CAS, BoomGuard, and autonomy-readiness positioning.
- Sandvik (AutoMine and Newtrax): Sandvik's AutoMine platform provides autonomous and remote-controlled underground mining vehicles and Newtrax provides IoT-based safety/proximity detection. Both compete with LoopX's multi-sensor CAS and SLAM in underground mining.
Emerging players
- ASI Mining: ASI Mining converts haul trucks and loaders to autonomous operation and provides vehicle awareness systems, partially overlapping LoopX's CAS/SLAM and full-autonomy roadmap for mining equipment.
- SafeAI: SafeAI retrofits heavy construction and mining equipment with autonomy and perception stacks, partially overlapping LoopX's edge-AI CAS and SLAM offerings for harsh-environment heavy equipment.
- Mobilaris Mining Solutions: Mobilaris provides situational awareness and tracking solutions for underground mining, comparable to LoopX's SAS and SLAM systems for personnel and vehicle localization in confined environments.
Broad incumbents
- Caterpillar (Cat MineStar): Caterpillar's Cat MineStar Detect and Command products provide collision avoidance and autonomy for mining fleets; LoopX has deployed on a CAT Front End Loader in South Africa, making Caterpillar both a partner and a broad incumbent competitor in mining safety/autonomy.
- Komatsu (Smart Mining / FrontRunner): Komatsu operates FrontRunner autonomous haulage and a broader Smart Mining platform, making it a broad incumbent competitor to LoopX in mining equipment automation and safety.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
LoopX social profiles
Digital presenceLoopX financial estimates
Financial estimateRevenue estimate
Valuation estimate
LoopX leadership team
Management profileNumber of profiles
Profiles15 records
LoopX funding detail
Funding detailFunding overview
Funding rounds7 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LoopX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LoopX
What does LoopX do?
LoopX sells an integrated Physical AI platform for the mining industry that fuses Vision AI, LiDAR, and RF sensors with onboard edge computing to deliver real-time collision avoidance, boom safety, vehicle localization, and productivity tracking on mining equipment. Systems are installed per vehicle (about one day each) for underground and surface mining operators, with multi-year contracts, recurring software updates, and operator/maintenance training.
Is LoopX a public or private company?
LoopX is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was LoopX founded?
LoopX was founded in 2022. It employs 11 to 50 people.
Where is LoopX based?
LoopX is headquartered in Waterloo, Canada, in the North America region.
How does LoopX make money?
Three revenue lines are on record. Hardware + Software Systems are the primary driver. The others are software Subscriptions and Updates and professional Services.
Who are LoopX's main competitors?
Direct peers on record are Strata Worldwide, Epiroc, Hexagon (Mining division / HxGN MineProtect), RCT and Sandvik (AutoMine and Newtrax). Emerging players are ASI Mining, SafeAI and Mobilaris Mining Solutions. Broad incumbents are Caterpillar (Cat MineStar) and Komatsu (Smart Mining / FrontRunner).
Does LoopX have an API?
No public API is recorded for LoopX.
What industry is LoopX in?
LoopX's product category is Mining Safety and Autonomy Technology. Its primary akta.pro industry code is IMAKANAK, Mining Automation, Telematics & Fleet Management Systems, with a secondary code of HDAAAIAE, Construction & Mining Robotics. Its NAICS code is 333131 and its SIC code is 3532.