4 years ago

Recycleye Secures £3.5M to Revolutionize Waste Management with AI and Robotics

  • Recycleye, a London-based startup using AI and robotics to improve waste management, has raised £3.5 million in a Seed round led by Promus Ventures

  • The funding will be used to enhance their technology, expand their team, and target new European markets

  • Recycleye's technology helps recycling facilities increase efficiency and the value of their output by accurately identifying and sorting recyclable materials.

      • ProblemTechnology Infrastructure

      "The waste management industry is inefficient and relies on manual processes, making it expensive to recycle materials. This leads to valuable materials being downcycled or sent to landfill, contributing to the waste epidemic."

      Solution

      "Recycleye uses AI and robotics to automate waste sorting, making it more efficient and cost-effective. Their technology can identify different types of waste, including food vs non-food grade plastics, and sort them accurately, increasing the value of recycled materials and reducing the amount of waste sent to landfill."

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