Looq AI Secures $2.6 Million in Seed Funding, Launches AI-Enabled Digital Twin Platform

Looq AI Secures $2.6 Million in Seed Funding, Launches AI-Enabled Digital Twin Platform

Looq AI, a company focused on advancing critical infrastructure digitization and analysis, has announced the successful raising of $2.6 million in seed funding. The round was led by BootstrapLabs, with contributions from Longley Capital and Spatial Capital. This recent funding, combined with the initial pre-seed round, brings Looq AI’s total funding to $3.75 million.

Founded in 2021 and helmed by CEO Dominique Meyer, PhD., Looq AI aims to revolutionize the field of infrastructure management. Their newly launched AI-enabled digital twin platform, the Looq platform, offers a comprehensive solution for surveyors, engineers, contractors, and asset owners. This platform allows users to digitally map physical world infrastructure quickly and accurately, facilitating the creation of a safer, more sustainable, and electrified future.

Powered by innovative computer vision and AI technology, the Looq platform enables the frequent and large-scale digitization of critical infrastructure, providing users with valuable asset intelligence. This technology is particularly crucial in the utility sector, where organizations require timely and accurate information for decision-making and operations.

Traditional methods of data capture in this sector have been costly and time-consuming. However, Looq AI’s approach, leveraging advanced camera AI technology, offers a more efficient solution. According to Dominique Meyer, PhD., CEO of Looq AI, “Our cameras offer over 100x higher spatial sampling rates compared to top-of-the-line laser systems, enabling our customers to capture the data they need within minutes, and at a scale that they previously could not do.”

The benefits of Looq AI’s platform are already being recognized by industry leaders. Amanda Jones, PLS, Owner at AJS, commented, “The use of this technology is a game-changer for us. It gives us the opportunity to capture a large amount of survey-grade data without drones or hours and hours of boots-on-the-ground labor.”

Kevin Grover, Advanced Technology Leader at McElhanney Ltd., expressed excitement about the platform’s potential, stating, “I haven’t been this excited about a new 3D capture technology in a long time. The speed and quality of the survey data from Looq is paramount to other 3D technology on the market today.”

In addition to securing funding, Looq AI’s recent achievements include the successful launch of its digital twin platform at Distributech 2024. The company’s mission to drive infrastructure digitization forward has garnered attention from investors and industry experts alike.

“We are grateful to be backed by some of the world’s most forward-looking investors in the applied AI space,” said Meyer. “The addition of BootstrapLabs, Longley Capital, and Spatial Capital to our investor base will accelerate Looq AI to the next stage of growth.”

With its innovative technology and strong investor support, Looq AI is poised to make significant contributions to the advancement of infrastructure management and analysis.

For more information about Looq AI and its offerings, visit www.looq.ai.

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