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Mine Vision Systems

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Focused on bringing new vision related technology and software algorithms to the resources mining industry

Pittsburgh, United StatesFounded 2015Robotics
Valuation $50–100M Last recorded · 2025
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Mine Vision Systems and the history behind them.

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 data

At 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

Open roles

1 open role
From job postings in the last four months. Careers page ↗More startups hiring →

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Nov 2025 $13M $50M Condire Investors ↗
SPINOUT✓Other financing Dec 2015 $0 — Carnegie Mellon University —
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021 —
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Growth signals

Mine Vision Systems website traffic

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.

Latest monthly visits1.4K 3-month web change0% 1-year team growth+41.7%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

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
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇺🇸 United States84.1%
🇨🇦 Canada4.5%
🏳️ Namibia2.3%
🇹🇭 Thailand2.3%
🇦🇺 Australia2.3%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

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

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