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Loop is a technology company.
Loop has raised $242.4M across 11 funding rounds.
Key people at Loop.
Loop has raised $242.4M in total across 11 funding rounds.
Loop offers an AI-native platform for logistics spend management. It automates freight and parcel auditing, provides real-time shipment visibility, and optimizes contracts via data-driven insights. Centralizing financial operations across transportation modes, it leverages proprietary AI, including DUX™ for document extraction, to streamline back-office workflows and transform fragmented data into intelligence.
Co-founded by Matt McKinney and Shaosu, the company started in 2021. Their Uber Freight experience revealed significant transportation spend inefficiencies. Recognizing the need to fix underlying data for supply chain finance reform, they developed an AI infrastructure. This system decomposes complex workflows, establishing their specialized large language model for logistics.
Loop's platform serves shippers, carriers, and third-party logistics providers, assisting finance and logistics professionals. Its mission is to unlock profit trapped in the supply chain, ultimately lowering consumer costs. The long-term vision aims to boost working capital and foster accessible, profitable financial operations for physical economy stakeholders.
Loop Technology is a UK-based industrial automation company specializing in robotics, machine vision, and motion control systems for high-value manufacturing sectors like aerospace, defense, automotive, and renewable energy.[1][3][4] Founded in 1998 and headquartered in Dorchester, England, it develops specialized machinery such as FibreLINE for automated composite material processing, RoboMACH for robotic machining, LoopCLEAN for laser cleaning, and IdentifEYE for 3D labeling, serving manufacturers seeking to boost efficiency, quality, and output in advanced production.[1][3] The company remains active at the incubator/accelerator stage with revenue under $5 million and around 85 employees, focusing on turnkey solutions that integrate cutting-edge components from global vendors.[1][4]
(Note: Search results also reference a separate US fintech startup called Loop, focused on AI-driven supply chain finance, but the query specifies "Loop Technology," aligning with the established UK automation firm.[2])
Loop Technology was founded in 1998 in Dorchester, England, at what is now the Loop Technology Centre on Paceycombe Way.[1][3][4] While specific founder names are not detailed in available sources, the company emerged during a period of advancing industrial automation, capitalizing on evolving machine vision and robotics technologies to address manufacturing challenges.[3][4] Early focus centered on core disciplines like machine vision, industrial robotics, and motion control, evolving to specialize in high-precision applications for composites and advanced materials—pivotal for sectors like aerospace where efficiency gains were critical.[1][3] Its growth has been marked by partnerships, such as UK distribution for CleanLASER systems and Robotmaster software, and consistent delivery of custom projects praised for innovation.[3]
Loop Technology stands out in industrial automation through:
Loop Technology rides the wave of Industry 4.0 and automation trends in high-value manufacturing, where rising demand for composites in aerospace, defense, and renewables drives needs for precision and efficiency.[1][3] Timing aligns with global pushes for sustainable energy and lighter materials—e.g., carbon fiber for wind turbines and aircraft—amid labor shortages and quality pressures.[1][3] Market forces like advancing vision tech (smarter algorithms, faster speeds) and robotics adoption favor its expertise, enabling clients to cut costs and scale output.[3][4] It influences the ecosystem as a UK innovator, partnering on integrated metrology and distributing key tools, helping manufacturers transition to smart factories.[3]
Loop Technology is poised to expand in composite automation and laser processing as aerospace rebounds and renewables surge, potentially through new product launches like enhanced FibreLINE variants.[3] Trends in AI-enhanced vision and collaborative robotics will shape its trajectory, amplifying demand for its scalable systems amid supply chain resilience needs.[3][4] Its influence may grow via deeper EU/UK defense ties and global vendor expansions, solidifying its niche as automation profit-unlocker in manufacturing—much like its core promise of pushing technological boundaries.[3]
Key people at Loop.
Loop has raised $242.4M in total across 11 funding rounds.
Loop's investors include Base10 Partners, High Alpha, Afore Capital, Index Ventures, Luke Sikora, 20VC, 9Yards Capital, Kevin Hartz, Addition, Andreessen Horowitz, Buckley Ventures, Cedar Capital Group.
Loop has raised $242.4M across 11 funding rounds. Most recently, it raised $6.0M Seed in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2021 | Stoke | $16.0M Series A | Battery Ventures | Accel, Equity Alliance, Heartcore Capital, HV Capital, Koolen and Partners, Nokia Growth Partners, Pro Founders Capital, Spark Capital, Fritz Demopoulos, Johannes Reck, Tao Tao, Dynamic, TLV Partners |
