Thursday, April 18, 2024
HomeFunding London-based Greyparrot Secures $12.8Million in Funding

[Funding alert] London-based Greyparrot Secures $12.8Million in Funding

London-based Greyparrot secures $12.8million in funding. Bollegraaf took the financial risk. With the money, the company hopes to unite producers, waste managers, and regulators to recover and reuse waste materials in a more sustainable manner. Collaboration will be cultivated throughout the waste value chain and those who have an influence on it.

London-based Greyparrot secures $12.8million in funding. Bollegraaf took the financial risk. With the money, the company hopes to unite producers, waste managers, and regulators to recover and reuse waste materials in a more sustainable manner. Collaboration will be cultivated throughout the waste value chain and those who have an influence on it.

Greyparrot assists recycling facility managers and manufacturers in recycling more and reducing waste, under the direction of CEO Mikela Druckman. Its thorough AI waste analytics boost transparency throughout the whole global value chain and allow automation in sorting facilities.

Read also – Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

Greyparrot’s Analyzer assisted facilities in analyzing over 25 billion trash objects in 2023 alone. It did this by classifying the objects into more than 70 categories in real-time and exposing seven levels of data, such as material kind, brand, financial value, and greenhouse gas emissions.

Mikela Druckman said: “Getting AI waste analytics in the hands of more plant managers, more quickly, will provide the industry the data driven insights needed to build and operate smart MRFs that unlock new value from recovered materials and decrease the environmental impact of waste. Collaboration with plant builders and other key players is critical to making this happen, and it’s a major reason why Greyparrot is hardware agnostic, making it possible to integrate our platform with all types of systems. Progress in addressing the waste crisis can only happen if we work together and commit to systemic change driven by waste intelligence.”

About Greyparrot

Greyparrot, is using AI to scale recycling internationally and prevent millions of tonnes of waste from ending up in landfills and incinerators. Greyparrot is assisting the trash industry in recovering more value from waste processing lines and minimizing the environmental impact of waste by offering deeper, more intelligent insights on the composition of waste streams and their financial worth.

Read also – Stockholm-based MANTLE Raises over €2.8 Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular