Loop raises $95M for supply chain AI

Loop, a startup focused on developing artificial intelligence for supply chain management, has successfully secured $95 million in a Series C funding round. The investment was led by Valor, a firm associated with Antonio Gracias, who is also a significant investor in Elon Musk's xAI. This funding will enable Loop to further develop its AI technology, which aims to predict and mitigate disruptions within global supply chains. The company's innovative approach is expected to enhance resilience and efficiency for businesses navigating complex logistical challenges.