Mine Vision Systems Secures $12.5 Million Series A Financing to Transform Underground Mining Operations

Mine Vision Systems (MVS), a leader in vision-driven mapping and analytics for the underground mining sector, recently announced the successful completion of a $12.5 million Series A financing round. This round, spearheaded by Rockwell Venture Capital, attracted considerable investment from Condire Investors as well. The funds are earmarked to accelerate MVS's product strategy and amplify its underground operations decision-making platform, highlighting a significant momentum in the mining industry in 2025.

Michael Smocer, CEO of Mine Vision Systems, expressed optimism about the funding, stating, "This investment exceeded our initial goal of $10 million and will enable us to expedite our product roadmap, delivering the decision platform for underground mining that the industry has awaited for so long." He further noted that 2025 has been a pivotal year for the company, underlining their collaborative efforts with several global mining giants and the progress made thus far.

Kent Rockwell, Founder and CEO of Rockwell Venture Capital, emphasized their longstanding partnership with MVS, noting, "We've witnessed the company's impressive progress up close. The team's efforts over the past three years have led to substantial operational changes for their clients. We are excited to lead this financing round and support the company as it embarks on this next growth phase."

Ryan Schedler, Founder and Managing Director of Condire Investors, echoed this sentiment, stating, "This is an exhilarating step for us. Our thorough due diligence, which included discussions with our mining portfolio companies and industry leaders, reinforced our confidence in MVS and their innovative FaceCapture technology. We believe that MVS offers essential technological solutions that enhance the underground mining value chain."

The proceeds from this financing round will be directed towards research and development initiatives, augmenting product integration, expanding the deployment of FaceCapture and related analytics, and bolstering customer satisfaction in major mining markets. Through its pioneering technology, MVS aims to significantly enhance efficiency, safety, and productivity in the mining sector.

About Mine Vision Systems

Founded in 2015, Mine Vision Systems has established itself as a key player in ushering innovative vision-related technologies and software algorithms into the resources mining sector. As pioneers of underground 3D mapping technology, MVS operates on a global scale to enhance mining efficiency, safety, production, and automation through unparalleled data collection and insights. The company's advancements in mapping technologies are set to revolutionize traditional mining methods and improve operational workflows, making underground mining safer and more effective.

With this substantial funding, MVS is poised to continue its trajectory of growth and innovation, striving to meet the complex demands of modern mining operations. As the partnership with leading investment firms develops, the mining industry watches closely to see how MVS will leverage these resources to further its mission of transforming underground mining through cutting-edge technology.