07 Feb 2023 --- Recycleye, a provider of the “most adapted and robust” artificial intelligence (AI)-driven solution for sorting dry mixed recycling (DMR), has announced a US$17 million Series A financing round, led by deep-tech venture capital firm DCVC to support the search for the best talent to help continue turning the world’s waste into resources. Recycleye uses AI-powered waste-picking robots to lower the cost of sorting materials. According to the company, this “ground-breaking” technology is turning the world’s waste into resources and delivering data essential for dynamic decision-making in a material recovery facility (MRF). The new investment will be used to further improve the uncommon accuracy of Recycleye’s sorting. “With the investment from the Series A funding round, Recycleye will be able to further fine-tune its world-leading solutions by increasing the accuracy of sorting to generate more output value for its clients,” a spokesperson at Recycleye tells PackagingInsights.
