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SYMX.AI, the developer of a full-stack industrial AI platform for mobile equipment, late last month announced US$6,000,000 of Series A financing led by Ascent Capital Partners, as well as a global technology and commercial partnership with Yokohama Off-Highway Tires.
SYMX.AI argues that it has built the digital infrastructure that the mining, construction and forestry industries have been missing. “The platform creates connectivity where no networks are available, normalises data across mixed OEM fleets, and enables closed-loop fleet optimisation. The AI suite spans underground and surface dispatch and fleet management systems, enterprise asset management and tire life management, including equipment health, fuel optimisation, short interval control, haul road intelligence, parts and inventory management, and operator performance.”
SYMX.AI holds multiple patents covering its IoT and AI technologies, including a patent for its ‘Greenhouse Gas Emissions Data Collection and Cross-Validation System,’ granted in 2026. The company has also recently launched an AI-powered inspection platform and an AI-native chatbot for industrial operations.
“Physical AI has been struggling in mining for simple reasons. The machines are mobile, mixed-fleet data is vendor-locked, and most of the industry has limited to no network coverage. Intelligence needs a body and a nervous system before we deploy a model. Even today, assembling that foundation takes seven or eight vendors and up to twelve months. We deliver it in a week. We built the hardware and the connectivity first, which is why our AI layer delivers real results. I am glad that capital is finally flowing to atoms again, and mining will finally get what it has long deserved,” said Ash Agarwal, CEO of SYMX.AI.
Over the past several years, SYMX.AI says it has validated its technologies through projects with leading organisations across the mining value chain. At Glencore’s Onaping Depth project in Ontario, Canada, SYMX.AI demonstrated battery monitoring, short-interval control, and fleet optimisation capabilities for battery-electric vehicles (BEVs), helping support a digital foundation for next-generation underground mining operations.
“The problem SYMX.AI solves is foundational,” said Peter Xavier, Chief Operating Officer of Canada Metals, a Glencore company. “Connectivity and cross-OEM data integration at the point of work are infrastructure gaps the mining industry has struggled with for decades, but SYMX.AI changes the paradigm. Our proof-of-concept validation of the SYMX.AI platform on our OEM BEV equipment successfully supports underground short-interval control, battery monitoring and fleet optimisation. This level of integration and insight is exactly what the industry needs to move forward.”
In partnership with Yokohama Off-Highway Tires, SYMX.AI has also developed an integrated hardware and software platform that combines tyre intelligence with broader fleet performance and operational analytics. Under the global partnership, Yokohama will offer the solution to customers through its international commercial network, while SYMX.AI will provide the IoT hardware, connectivity, cloud platform and intelligence capabilities behind it. Customers can adopt the technology through different commercial models, either as a dedicated tyre intelligence solution or as part of a broader fleet optimisation platform.
“The tyre technology market is crowded with TPMS providers, but most systems monitor pressure and temperature while offering little insight beyond those measurements. Operators are asking a more important question: can the same system help us increase production, protect valuable assets such as tyres and reduce fuel consumption? SYMX.AI has built a complete platform that addresses this market need by connecting tyre condition with equipment performance, haul road conditions and operator behaviour. This helps sites reduce costs, extend tyre life and improve overall fleet performance,” said Loïc Ravasio, President of Yokohama Off-Highway Tires. “By working with SYMX.AI and offering flexible business models, Yokohama OTR is becoming a true digital partner to the industry, helping customers optimise their operations.”
SYMX.AI continues to expand its product suite with an AI-driven dispatch and fleet management system and an enterprise asset management (EAM) platform built on live machine sensor data and fault codes. The EAM platform integrates sensor-driven asset health, diagnostic alarm management, oil analysis, and work order management into a single system, reducing reliance on fixed maintenance schedules and manual data entry.
These products extend the SYMX.AI systems through native integrations with AVEVA Connect, SAP, Oracle and existing data historians. This allows operators to add an intelligence layer without replacing their existing technology investments. At the same time, SYMX.AI continues to expand geographically, supporting both open-pit and underground operations through deployments in Kazakhstan, the United States, Mexico, Europe and Asia.
“We have watched this team for three years demonstrating grit, perseverance, and commitment. They build things that work in places most software never reaches, and the customers keep renewing worldwide. That is rare in this industry. The comprehensive IoT, connectivity, and AI app layer is deployed at difficult sites, and I’m glad that the market is finally catching up,” said Jonathan Loeffler, Co-Founder and Managing Partner, Ascent Capital Partners.
The financing provides the growth capital to build the operating system for physical AI and to commercialise these technologies across global industry, funding worldwide deployment, the AI platform, and a wider range of wireless communication products.
Physical AI needs three layers to work in a mine: a machine layer that senses, a network layer that reaches where the work happens, and a decision layer that acts. “SYMX.AI built the first two before the third, so dispatch, enterprise asset management, and tyre intelligence now run on the same core across mixed fleets, both underground and on the surface. That is the operating system the physical industries have been waiting for.”
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