Loopr, a Seattle-based startup that sells pc imaginative and prescient high quality management software program to manufacturing corporations, raised a brand new spherical of money.
A regulatory submitting reveals that the corporate raised $5.4 million. Loopr declined to verify the precise greenback quantity however stated the brand new spherical was led by Progress Warrior Capital, with participation from Stellar Ventures and Tacoma Enterprise Fund.
Based in 2021, Loopr’s software program helps producers detect defects and high quality points. In contrast to legacy imaginative and prescient methods that depend on fastened cameras and customized installs, Loopr is hardware-agnostic and might run on tablets.
The corporate makes use of AI to research inspection information and floor insights that assist producers establish developments and enhance traceability.
Loopr targets sectors together with aerospace, automotive, and chemical manufacturing. It’s working with 10 Fortune 1000 corporations.
The corporate is led by founder and CEO Priyansha Bagaria, who was beforehand chief income officer at InViz AI, a machine studying growth firm based mostly in India.
A part of the inspiration for beginning Loopr got here from working for her household’s insulation sheet manufacturing enterprise in India, the place she developed software program to assist alert employees of anomalies throughout manufacturing.
Loopr competes in opposition to a rising variety of startups and industrial tech corporations utilizing AI for manufacturing facility monitoring, inspection, and compliance.
Loopr employs greater than 20 individuals. Progress Warrior Capital companion Promise Phelon is becoming a member of the corporate’s board.
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