Latest news with #MineVisionSystems
Technical.ly
09-07-2025
- Business
- Technical.ly
Mine Vision Systems raises $11.5M with plans to expand its Pittsburgh workforce
Pittsburgh startups are attracting fresh funding to build robots and autonomous systems that could make dangerous jobs safer far beyond the region. In this month's edition of Money Moves, mining automation company Mine Vision Systems brought in $11.5 million in later-stage funding as it grows its international footprint. Meanwhile, local sports tech firm Diamond Kinetics is restructuring ahead of a potential raise and possible expansion into new markets. Plus, startup HEBI Robotics landed federal funding to build robots that can safely operate in hazardous industrial settings. Read on for the latest startup investments and other money moves shaping the Pittsburgh region after the chart showing trends in local tech hiring. Mine Vision Systems raises $11.5M to expand local hiring The Pittsburgh-based mining technology company Mine Vision Systems has raised $11.5 million in later-stage equity funding at an undisclosed valuation, according to a July 3 filing with the US Securities and Exchange Commission (SEC). The raise, which began on May 27, includes 18 undisclosed investors, according to the SEC filing, and will be used to hire more talent in the Pittsburgh area, according to CEO Mike Smocer. 'The current and ongoing fundraising will fund engineering and our go-to-market team,' Smocer told 'This expansion will be primarily focused on hiring top talent in the Pittsburgh area.' The filing follows recent news that the company, which develops visual intelligence and automation tools for the mining industry, is expanding its global reach, partnering with firms in Australia and South America. Since Mine Vision Systems spun out of Carnegie Mellon University in 2015, it's had one documented raise. That year, it secured $3 million from the gold mining firm Gold Fields at a $30 million valuation, according to PitchBook. Since then, Mine Vision Systems received a $100,000 tax credit in 2022 from the Keystone Innovation Zone (KIZ) Tax Credit Program and landed a multi-year agreement in 2023 with Idaho's Hecla Mining Company to bring its mapping system into North American mines. This happened right as the company prepared to seek Series A investment, according to reporting from the Pittsburgh Business Times, but that never materialized. Local robotics startup receives $250k grant from US Army HEBI Robotics, a local company specializing in flexible, build-your-own robotic systems, recently received a $250,000 Small Business Innovation Research (SBIR) grant from the US Army to adapt its tech for use near flammable gases or liquids. Many industrial tasks require humans to work in dangerous environments where substances that could catch on fire are present. Robots make it possible for this work to be done remotely, keeping human workers out of harm's way, according to HEBI. Building certified robot systems for hazardous environments can be costly, so HEBI will use the SBIR funding to develop tools that reduce the time and expense of creating those certified robots. HEBI's long-term goal is to make it easy for professionals to create robots without years of technical training, CEO Bob Raida said in a prepared statement. 'Over the years, HEBI has expanded its hardware to be capable of performing in a wider range of environments including wet and dirty environments, and underwater,' Raida said. 'Creating certified hardware is a big step forward and will be a game changer that opens the door to a nearly limitless number of industrial applications.' Diamond Kinetics secures $1M in debt financing, plans raise Pittsburgh-based sports tech company Diamond Kinetics has secured $1 million in debt financing, or funds it will eventually need to pay back, according to a July 1 SEC filing. The raise, backed by one unnamed investor, is part of a financial restructuring in advance of a larger funding round in late 2025, according to CEO CJ Handron. '[We're] restructuring a couple things ahead of a raise we're putting together later this year,' Handron told He declined to comment further on the filing. Diamond Kinetics, known for its sensor-enabled training tools for baseball and softball players, offers the DK Bat Sensor, which helps athletes track swing data and improve performance. The company raised $18.6 million earlier this year, which was one of the largest Q1 deals in the region, and has secured more than $30 million in total funding since its founding in 2014. The company is eyeing a possible expansion into other sports, Handron told back in April. Education money moves: The US Department of Defense renewed its $1.5 billion contract with Carnegie Mellon University to run the Software Engineering Institute for another five years. Carnegie Mellon, the University of Pittsburgh and a handful of other universities were awarded a $1.6 million grant from the Alfred P. Sloan Foundation to study AI's impact on workers and the labor market. Public sector money moves: Allegheny County has lost over $34 million in green infrastructure grants since early 2025, hitting projects for EV infrastructure and workforce development. The Pittsburgh Housing Authority signed a $160,000 contract with a private AI company to use its tools for a one-year pilot program that aims to help its understaffed voucher department process thousands of applications. Governor Josh Shapiro visited Pittsburgh in late May to announce his budget would create a new $50 million PA Innovation program, which would include a one-time $30 million initiative to spur life sciences job growth and $20 million to provide annual funding to support large-scale innovation. Local innovation leaders shared their support for the proposal. Just one year of federal funding in Pennsylvania generates $5.2 billion in economic activity. Federal cuts to the National Science Foundation and National Institutes of Health are estimated to cause a $259 million loss for Allegheny County. Other money moves: Gecko Robotics raised $125 million in Series D funding at a $1.25 billion valuation, reaching unicorn status about 12 years after its founding. Gecko said it would use the funds to accelerate its growth into sectors like defense, energy and manufacturing. AI healthtech startup Abridge raised $300 million, nearly doubling its valuation to $5.3 billion since February. The funding will support its partnerships with over 150 health systems nationwide. Amazon pledged to spend $20 billion on two data centers in Pennsylvania, potentially creating hundreds of jobs. Due to existing tax breaks, PA could lose $43 million to $75 million in annual revenue, according to reporting from Spotlight PA, and the impact on electricity supply and prices remains unclear. A new SEC filing showed Lovelace AI secured nearly $16.2 million from investors, likely related to its recent seed round. The company now holds a pre-money valuation of $28.6 million, per PitchBook. Two Pittsburgh companies won big at the Keystone Space Innovation Challenge. Beyond Reach Labs won $50,000 for its foldable system that sets up towers and shelters in tough environments. Revitalize got $25,000 for developing space-enabled eye drops to ease screen-related eye strain. Five Pittsburgh-based Carnegie Mellon University alumni startups, including HeadStrait Labs, Journey Robotics, Shelfmark, Singularity Polymers and a final unnamed startup, were selected to receive $100,000 over the next two years as part of the university's Tartan Entrepreneurs Fund. Local wearable technology startup IntelliSafe Analytics received a $1 million SBIR grant from the National Science Foundation to commercialize its wearable tech that can predict and prevent workplace accidents associated with lifting, slipping, tripping and heat stress.
Cision Canada
17-06-2025
- Business
- Cision Canada
Mine Vision Systems Expands Global Support Network with New Australian Partnership Français
Mine Vision Systems (MVS) today announced a strategic partnership with Hi! Engineers to enter the Australian market, a preeminent global mining hub. This collaboration will establish local expert service and support, significantly accelerating MVS's growth and presence in the region. PITTSBURGH, June 17, 2025 /CNW/ -- Mine Vision Systems (MVS), a global leader in mining automation and perception technology, is proud to announce a new reseller partnership with Hi! Engineers, a respected Australian mining consulting and technology services firm. This collaboration marks a major step in expanding MVS's global reach and reinforces its commitment to delivering expert local service and support for its flagship product, FaceCapture, in Australia's mining industry. FaceCapture, developed by Mine Vision Systems, is an industry-leading digital face mapping system that significantly improves the speed, safety, and accuracy of data collection for underground geologists. The system is already being used by top-tier mining companies worldwide to enhance productivity and streamline geological workflows. With this partnership, Hi! Engineers will act as an official reseller and service provider for FaceCapture, offering Australian mines local access to technical expertise, training, and support. "Change management is a critical variable to the successful deployment of all breakthrough technologies," said Josh Martin, CRO of Mine Vision Systems. "Partnering with Hi! Engineers allows us to extend and accelerate our deployment and support services in one of the most important and innovative mining regions in the world." Hi! Engineers brings a deep understanding of the Australian mining landscape and a proven track record of supporting underground mining operations. Their team of geotechnical experts will play a crucial role in deploying and integrating FaceCapture into the data systems of Australian mines, ensuring customers receive the full benefit of the technology now and for years to come. This partnership underscores MVS's strategic focus on regional enablement and scalable service delivery. As adoption of FaceCapture continues to accelerate globally, this collaboration will help Australian operators maximize the value of their geological data and empower teams underground and at the surface with real-time, actionable insights. "We recognise MVS as a cultural match to our values and are proud to partner with them to lead the next frontier of underground data capture, embedding it seamlessly within Australian mining operations," said Connor Verrall, CEO of Hi! Engineers. For more information about the new reseller partnership and how it benefits mining operations, please contact Josh Green at [email protected] or Connor Verrall at [email protected]. ABOUT MINE VISION SYSTEMS Founded in 2015, MVS focuses on bringing vision-related technology and software algorithms to the resources mining industry. As pioneers in the underground 3D mapping space, we work worldwide to improve efficiency, safety, production, and automation in mining through unmatched data collection, insights and workflow. ABOUT Hi! Engineers Hi! Engineers help the mining industry move forward—one challenge, one solution, one breakthrough at a time. Our people aspire to excellence and purpose, guided at every step by our values of openness, authenticity, transparency, and honesty. We specialize in identifying and resolving complex underground operational issues, working directly within technical services teams to ensure seamless integration of solutions. We're pioneers by nature. We don't just support innovation—we lead it. We're ready to break new ground and redefine what's possible underground.
Cision Canada
10-06-2025
- Business
- Cision Canada
Mine Vision Systems Expands Global Distribution Channels with New Reseller Partnership in South America. Français
Mine Vision Systems is partnering with TechMinings to expand its global reach in Chile and Peru. This partnership assures that users of the FaceCapture mapping system in the region benefit from the same level of service and support offered by Mine Vision Systems in its existing markets. PITTSBURGH, June 10, 2025 /CNW/ -- Today Mine Vision Systems (MVS) announced a new strategic partnership with TechMinings, an established mining technology partner headquartered in Santiago, Chile. TechMinings have established relationships with significant mining operations in the region. The partnership will immediately extend MVS's presence with Tier 1 mines in Chile and Peru. "TechMinings will bring proven expertise to help our customers identify areas for improvement and implement our technology to achieve greater productivity, safety, and cost reduction," said Josh Martin, CRO of MVS. "Their emphasis on on-site technical excellence complements our own approach and extends our capacity to drive outsized production impact for our clients to South America." Leveraging their extensive background in implementing comprehensive mining solutions, TechMinings is well-positioned to help MVS broaden the reach of its offerings to the South American market. Their expertise in driving efficiencies and continuous process improvement makes them an ideal partner for MVS. "Our company's name reflects our mission: to be effective in delivering technological solutions for mining. We are part of the mining industry's ongoing quest to implement new and innovative solutions. FaceCapture and MVS are a perfect addition to our technology stack and our mission," said Jorge Brieba, Principal for TechMinings. For more information about the new reseller partnership and how it benefits mining operations, please contact Josh Green at [email protected]. Founded in 2015, MVS focuses on bringing vision-related technology and software algorithms to the resources mining industry. As pioneers in the underground 3D mapping space, we work worldwide to improve efficiency, safety, production, and automation in mining through unmatched data collection, insights and workflow. ABOUT TechMinings Our company was founded in 2018 with the mission of providing the mining sector with a valuable combination of innovative solutions and on-site support to improve performance in their operations. We rely on prestigious brands, with experience in product design and innovation, high quality standards, and experience in mining operations.
Yahoo
10-06-2025
- Business
- Yahoo
Mine Vision Systems Expands Global Distribution Channels with New Reseller Partnership in South America.
Mine Vision Systems is partnering with TechMinings to expand its global reach in Chile and Peru. This partnership assures that users of the FaceCapture mapping system in the region benefit from the same level of service and support offered by Mine Vision Systems in its existing markets. PITTSBURGH, June 10, 2025 /CNW/ -- Today Mine Vision Systems (MVS) announced a new strategic partnership with TechMinings, an established mining technology partner headquartered in Santiago, Chile. TechMinings have established relationships with significant mining operations in the region. The partnership will immediately extend MVS's presence with Tier 1 mines in Chile and Peru. "TechMinings will bring proven expertise to help our customers identify areas for improvement and implement our technology to achieve greater productivity, safety, and cost reduction," said Josh Martin, CRO of MVS. "Their emphasis on on-site technical excellence complements our own approach and extends our capacity to drive outsized production impact for our clients to South America." Leveraging their extensive background in implementing comprehensive mining solutions, TechMinings is well-positioned to help MVS broaden the reach of its offerings to the South American market. Their expertise in driving efficiencies and continuous process improvement makes them an ideal partner for MVS. "Our company's name reflects our mission: to be effective in delivering technological solutions for mining. We are part of the mining industry's ongoing quest to implement new and innovative solutions. FaceCapture and MVS are a perfect addition to our technology stack and our mission," said Jorge Brieba, Principal for TechMinings. For more information about the new reseller partnership and how it benefits mining operations, please contact Josh Green at ABOUT MINE VISION SYSTEMS Founded in 2015, MVS focuses on bringing vision-related technology and software algorithms to the resources mining industry. As pioneers in the underground 3D mapping space, we work worldwide to improve efficiency, safety, production, and automation in mining through unmatched data collection, insights and workflow. ABOUT TechMinings Our company was founded in 2018 with the mission of providing the mining sector with a valuable combination of innovative solutions and on-site support to improve performance in their operations. We rely on prestigious brands, with experience in product design and innovation, high quality standards, and experience in mining operations. View original content to download multimedia: SOURCE Mine Vision Systems View original content to download multimedia:
