About LoopX
LoopX is a company based in Waterloo (Canada) founded in 2021 by Yaodong Cui.. LoopX offers products and services including Situational Awareness System, Autopilot Control System, Autonomous Operation System, and Safe and Smart Mining Platform. LoopX operates in a competitive market with competitors including Nuro, Einride, Serve Robotics, driveblocks and Changsha Xingshen Intelligent Technology, among others.
- Headquarter Waterloo, Canada
- Founders Yaodong Cui
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Sectors
Transportation, Automotive & Logistics
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Email
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Website
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Social
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Annual Revenue
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Net Profit
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Latest Funding Round
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Employee Count
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Products & Services of LoopX
LoopX offers a comprehensive portfolio of products and services, including Situational Awareness System, Autopilot Control System, Autonomous Operation System, and Safe and Smart Mining Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI and sensors detect obstacles and provide collision warnings in mining.
Enables automatic actions like braking to prevent mining equipment accidents.
Facilitates task planning and navigation for unmanned mining activities.
Analyzes fleet data to monitor safety risks and optimize mining productivity.
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Funding Insights of LoopX
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Seed - LoopX | Valuation | Accelerator Centre |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LoopX
LoopX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Accelerator Centre. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are built and accelerated in a structured studio environment.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by LoopX
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LoopX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loopx Comparisons
Competitors of LoopX
LoopX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nuro, Einride, Serve Robotics, driveblocks and Changsha Xingshen Intelligent Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-enabled autonomous vehicles are developed for local goods deliveries.
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Autonomous electric trucks are manufactured for freight and emissions management.
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Autonomous delivery robots are developed for food and parcel services.
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Provider of AI-based autonomous delivery solutions for logistics
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AI-enabled intelligent delivery robots are provided for logistics applications.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LoopX
When was LoopX founded?
LoopX was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is LoopX located?
LoopX is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
What does LoopX do?
Manufacturer of AI-powered autonomous delivery robots. The company is involved in the design and development of electric autonomous vehicles for delivery services. The vehicle includes features like 3D autonomous parking sensors, closed-loop simulation, etc. It also provides 360-degree perception and is reliable for all weather conditions.
Who are the top competitors of LoopX?
LoopX's top competitors include Nuro, Einride and Serve Robotics.
What products or services does LoopX offer?
LoopX offers Situational Awareness System, Autopilot Control System, Autonomous Operation System, and Safe and Smart Mining Platform.
Who are LoopX's investors?
LoopX has 1 investor. Key investors include Accelerator Centre.
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