M
Mine Vision Systems
Focused on bringing new vision related technology and software algorithms to the resources mining industry
About Mine Vision Systems
Mine Vision Systems (MVS) provides advanced perception solutions for the global mining industry, focusing on underground operations. The company spun out of Carnegie Mellon University's National Robotics Engineering Center (NREC) in 2015, building on intellectual property development that began as early as 2007 with funding from Gold Fields. This initial work focused on creating a SLAM-based vision navigation system for an underground mining robot.
Based in Pittsburgh, MVS develops and commercializes technology that digitizes underground environments to enhance safety, efficiency, and productivity. The firm operates by providing its technology solutions to global mining companies, generating revenue through product sales, recurring revenue from its systems, and strategic partnerships. After its founding with initial funds from Gold Fields, Rockwell Venture Capital became the lead investor in 2016. A significant later-stage VC funding round in July 2025 raised $11.5 million to expand its engineering and go-to-market teams.
The company's flagship product, FaceCapture, launched in 2023 after strategic collaborations with mining giants like Hecla and Nevada Gold. FaceCapture is a lightweight, mobile system that combines image, spatial, and location data to create precise, real-time 3D maps of the mine face. This allows geologists and engineers to make faster, more informed decisions regarding blast planning, ore characterization, and ground support, significantly reducing their exposure time in potentially unsupported areas. The system is designed for ease of use, eliminating post-processing by automating geospatial alignment and integrating directly with existing mine planning software packages like Datamine, Deswik, and Leapfrog.
MVS serves major mining operators across North America and is expanding globally through reseller partnerships in markets like Mexico and Australia. The company's customer-centric approach was refined through over 50 consulting projects with 24 mining companies between 2018 and 2021, which helped shape the development of its core products. Most clients reportedly see a seven-figure impact within the first year of deployment. The leadership team, including CEO Mike Smocer, combines expertise from robotics, automation, and crucially, geology and mining engineering, ensuring the technology is tailored to solve specific, real-world problems in the GPS-denied underground environment.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Pittsburgh, United States
- Employees
- 68
- Open positions
- 5
- Dealroom signal
- 90.7/100
- Industry
- Robotics
- Sector
- Robotics, Mining Technologies, Spinout, DT and LS, science-based
- Technology
- Artificial Intelligence, Hardware, Deep Tech, Machine Learning
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Open roles
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Nov 2025 | $13M | $50M | Condire Investors | ↗ |
| SPINOUT✓Other financing | Dec 2015 | $0 | — | Carnegie Mellon University | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Mine Vision Systems is 1.4K monthly website visits, up 0% over the last three months. Mine Vision Systems's team grew 41.7% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
EmesentA world-leader in drone autonomy, LiDAR mapping, and data analytics |
Brisbane, Australia | Operational | 130 | $45M | $65M |
OLO RoboticsPlug-and-play robotics development platform for software developers |
Sheffield, United Kingdom | Operational | |||
THEKERA company specialized in robotics, deep learning, and computer vision |
Barcelona, Spain | Operational | |||
Persona AIDeveloping humanoid robot workers with AI and ML to bring innovation to the landscape of labor |
Houston, United States | Operational | |||
GalbotDeveloping AI humanoid robots for industrial, retail, and home service applications |
Haidian, China | Operational | |||
SkildGeneral-purpose AI foundation models for robotics |
Pittsburgh, United States | Operational | |||
PaXini TechMulti-dimensional tactile sensors and humanoid robots for embodied AI. |
Shenzhen, China | Operational | |||
FlexivBuilds ‘adaptive robots’ for use across multiple industries |
Santa Clara, United States | Operational |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Condire Investors
Other known investors1 additional known investor
Carnegie Mellon University
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Mine Vision Systems on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Mine Vision Systems’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.







