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About Loop
Industries
Automotive & Transportation
Fintech
Company Size
11-50
Company Stage
Series B
Total Funding
$65M
Headquarters
San Francisco, California
Founded
2021
Overview
Loop provides AI-driven solutions aimed at reducing costs in the logistics sector. Their technology analyzes various logistics processes to identify inefficiencies and suggest improvements. By leveraging data and machine learning, Loop helps companies optimize their supply chain operations, leading to significant savings. Unlike traditional logistics firms that may rely on manual processes, Loop's focus on automation and data analysis sets it apart from competitors. The company's goal is to make logistics more efficient and cost-effective for businesses.
Simplify's Take
What believers are saying
- Increased AI adoption in logistics boosts Loop's platform optimization capabilities.
- Blockchain technology complements Loop's secure shipment document capture.
- IoT integration enhances Loop's real-time data ingestion and shipment matching.
What critics are saying
- Emerging logistics payment platforms threaten Loop's market share.
- Rapid AI advancements could render Loop's offerings obsolete.
- Economic instability in key markets may impact Loop's revenue.
What makes Loop unique
- Loop's logistics payments platform streamlines shipment document capture and data ingestion.
- Partnerships with Hyundai UK and J.P. Morgan enhance Loop's market credibility.
- Route optimization APIs set Loop apart in logistics efficiency.
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Funding
Total Funding
$65M
Above
Industry Average
Funded Over
3 Rounds
Founders FundIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Professional Development Budget
Physical and Mental fitness subsidies
Commuter Benefits
Company News
Loop has released its Route optimisation and Route planning APIs for businesses to make use of.
Hyundai UK has joined forces with automotive data solutions provider Loop to enhance productivity, profitability, and consistency across its retailer network.
J.P. Morgan Payments has launched a partnership with audit/payment platform Loop. The collaboration announced Tuesday (June 18), is designed to “boost working capital with freight payments,” the companies said in a news release provided to PYMNTS, thus fostering stronger relationships between shippers and carriers. The release cites data from the American Trucking Association showing that trucking revenues account for more than $940 billion, or 80%, of the U.S. freight bill
The Loop restaurant announced April 25 it is open in the World Golf Village area of St. Augustine.
Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, has today announced a partnership with Loop, a major e-Money institution (EMI), to power its Fintech-as-a-Service offering in the Kingdom of Saudi Arabia (KSA).
Loop is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Loop
Industries
Automotive & Transportation
Fintech
Company Size
11-50
Company Stage
Series B
Total Funding
$65M
Headquarters
San Francisco, California
Founded
2021
Loop is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today