AI Waste Management Startup Greyparrot Secures $27 Mn in Series B Funding

The funding round was led by technology investor Omar Mir. It comes after Greyparrot's AI platform reached a major milestone by detecting more than one trillion waste objects, helping improve waste sorting and recycling.

“Waste intelligence will do for materials what satellite data did for navigation,” said Ambarish Mitra, co-founder of Greyparrot. “For decades, waste has been a blind spot. Nations compete for resources while burying and burning existing resources. What's been missing is the ability to measure what they’re losing. Once you can measure a material, you can trade it and invest in it. That is when the circular economy stops being an ambition and becomes infrastructure.”

“Waste is one of the planet’s largest untapped resources, and data is the infrastructure that unlocks it,” said Mikela Druckman, co-founder and CEO of Greyparrot. “This funding lets us scale rapidly across North America and Europe and grow our AI, data science and product teams. The technology, the demand and the momentum are all here, and for the first time the world can see what it has been throwing away.”

Founded in 2019 by Mikela Druckman, Ambarish Mitra, and Nikola Sivacki, Greyparrot develops AI-powered camera systems that monitor waste in real time at recycling facilities. The technology helps track the materials moving through the recycling process.

The company's cameras can identify different types of materials, products, and brands as they move along conveyor belts. This helps recycling plants sort waste more accurately.

Greyparrot's Analyzer system provides continuous data that helps operators recover more recyclable materials, improve sorting efficiency, and meet environmental regulations.

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