# Matt McKinney

> Matt McKinney is the Co-Founder and CEO of Loop, a San Francisco-based AI platform transforming freight audit and payment for the supply chain. A USC and Stanford-trained engineer, McKinney spent years at Uber helping launch Uber Freight before leaving to build Loop in 2021 with co-founder Shaosu Liu. The pair had watched firsthand how 20% of freight invoices contain errors and a single invoice takes 50 days to process - then decided to fix it. Loop has since raised $172M including a $95M Series C, processes billions in freight payments, and has grown to 280 employees serving customers like Olipop, Clemens Food Group, and Kendra Scott.

- **Role:** Co-Founder & CEO at Loop
- **Organizations:** Loop, Uber, Platform Science, Datalot, 171 Design Group
- **Nationality:** American
- **Education:** B.S. in Industrial and Systems Engineering, University of Southern California (USC Viterbi), Graduate Certificate in Management Science & Engineering, Stanford University
- **Known for:** Co-founded Loop in 2021, raising $172M total across seed, Series A, Series B, and Series C rounds, Scaled Loop to 280 employees and $3B+ in annual freight payment volume, Built Loop's proprietary DUX (document, data, and domain understanding) AI models for logistics

## Career timeline

- **2013** — Graduated from USC Viterbi with B.S. in Industrial and Systems Engineering
- **2013-2015** — Data Analyst at Datalot
- **2015-2016** — Analyst at Platform Science
- **2016-2017** — Graduate Certificate at Stanford in Management Science & Engineering; founded 171 Design Group, a product design consultancy
- **2017-2021** — Data Science Manager at Uber; helped launch Uber Freight alongside co-founder Shaosu Liu
- **2021** — Left Uber in May 2021 to co-found Loop with Shaosu Liu; raised $6M seed round from Susa Ventures and 8VC
- **2022** — Raised $24M Series A led by Founders Fund; built Loop's AI infrastructure using domain-driven design
- **2023** — Raised $35M Series B led by J.P. Morgan Growth Equity Partners and Index Ventures; crossed $3B in booked payment volume
- **2024** — Loop recognized in Gartner Market Guide for Freight Audit and Payment; USC Viterbi featured McKinney as notable alumnus
- **2026** — Raised $95M Series C led by Valor Equity Partners; completed acquisitions of Data2Logistics and StrategIQ Commerce; Loop grows to 280 employees

## Achievements

- Co-founded Loop in 2021, raising $172M total across seed, Series A, Series B, and Series C rounds
- Scaled Loop to 280 employees and $3B+ in annual freight payment volume
- Built Loop's proprietary DUX (document, data, and domain understanding) AI models for logistics
- Secured investment from top-tier VCs including Founders Fund, 8VC, J.P. Morgan Growth Equity, Index Ventures, and Valor Equity Partners
- Grew Loop through strategic acquisitions: Data2Logistics and StrategIQ Commerce
- Recognized in the 2026 Gartner Market Guide for Freight Audit and Payment Providers
- Featured as a notable USC Viterbi School of Engineering alumnus

## Latest updates

- **2026-04** — Loop raises $95M Series C led by Valor Equity Partners and the Valor Atreides AI Fund, with participation from 8VC, Founders Fund, Index Ventures, J.P. Morgan Growth Equity Partners, and Tao Capital Partners.
- **2026-03** — Loop recognized in the 2026 Gartner Market Guide for Freight Audit and Payment Providers.
- **2025-12** — Loop completes merger with Data2Logistics and acquisition of StrategIQ Commerce, expanding freight under management and capabilities.
- **2024-04** — Matt McKinney featured in USC Viterbi School of Engineering alumni spotlight for his work at Loop.

## Links

- Website: https://loop.com
- LinkedIn: https://www.linkedin.com/in/mattlmckinney
- Twitter/X: https://x.com/mattlmckinney

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Profile page: https://yespress.io/matt-mckinney
Published by YesPress — https://yespress.io
Last updated: 2026-05-12