Greyparrot secures $27M Series B to scale AI waste intelligence for the circular economy
London-based AIwaste intelligence company Greyparrot has raised $27 million in Series Bfunding, bringing its total funding to $60 million. The round was led bytechnology investor Omar Mir and comes af... Greyparrot has secured Series B funding to expand its AI waste intelligence platform, grow its teams across North America and Europe, and help improve recycling, resource recovery and compliance through real-time waste data.
Key Takeaways
- Artificial Intelligence Greyparrot secures $27M Series B to scale AI waste intelligence for the circular economy Greyparrot has secured Series B funding to expand its AI waste intelligence platform, grow its teams across North America and Europe, and help improve recycling, resource recovery and compliance through real-time waste data.
The round was led by technology investor Omar Mir and comes after Greyparrot's AI platform surpassed one trillion detected waste objects.
- Greyparrot's technology is used by waste management companies including WM, Circular Services, Veolia, Biffa and FCC to improve recovery rates, monitor material quality and optimise facility performance.
Brands such as Unilever, L'Oréal and Kenvue also use the company's Deepnest platform to better understand how packaging performs after disposal and to support compliance with Extended Producer Responsibility regulations and the EU Packaging and Packaging Waste Regulation.
- This funding lets us scale rapidly across North America and Europe and grow our AI, data science and product teams.
The technology, market demand, urgency and momentum are all here, and we are ready to scale our impact.
- Waste intelligence will do for materials what satellite data did for navigation.
- Greyparrot will use the new funding to expand across North America and Europe, grow its AI, data science and product teams, nd scale its technology to help recover more than one million tonnes of waste by 2030.
Stats & Key Facts
- #London-based AIwaste intelligence company Greyparrot has raised $27 million in Series Bfunding, bringing its total funding to $60 million.
- #Artificial Intelligence Greyparrot secures $27M Series B to scale AI waste intelligence for the circular economy Greyparrot has secured Series B funding to expand its AI waste intelligence platform, grow its teams across North America and Europe, and help improve recycling, resource recovery and compliance through real-time waste data.
- #Tamara Djurickovic 2 hours ago Share Share Send email Copy link London-based AI waste intelligence company Greyparrot has raised $27 million in Series B funding, bringing its total funding to $60 million .
- #Greyparrot will use the new funding to expand across North America and Europe, grow its AI, data science and product teams, nd scale its technology to help recover more than one million tonnes of waste by 2030.
Greyparrot has secured Series B funding to expand its AI waste intelligence platform, grow its teams across North America and Europe, and help improve recycling, resource recovery and compliance through real-time waste data. Artificial Intelligence Greyparrot secures $27M Series B to scale AI waste intelligence for the circular economy Greyparrot has secured Series B funding to expand its AI waste intelligence platform, grow its teams across North America and Europe, and help improve recycling, resource recovery and compliance through real-time waste data. Tamara Djurickovic 2 hours ago Share Share Send email Copy link London-based AI waste intelligence company Greyparrot has raised $27 million in Series B funding, bringing its total funding to $60 million .
The round was led by technology investor Omar Mir and comes after Greyparrot's AI platform surpassed one trillion detected waste objects. Founded by Mikela Druckman , Ambarish Mitra , and Nikola Sivacki , Greyparrot develops AI-powered camera systems that monitor waste streams in real time, helping recycling facilities identify materials, products and brands as they move along sorting lines. Installed above conveyor belts, the company's Analyzers provide continuous data that enables operators to improve material recovery, optimise sorting processes and support regulatory compliance.
As governments introduce stricter requirements around recycling, packaging and material reporting, waste operators and consumer goods companies are seeking better visibility into waste flows. Greyparrot's technology is used by waste management companies including WM, Circular Services, Veolia, Biffa and FCC to improve recovery rates, monitor material quality and optimise facility performance. Brands such as Unilever, L'Oréal and Kenvue also use the company's Deepnest platform to better understand how packaging performs after disposal and to support compliance with Extended Producer Responsibility regulations and the EU Packaging and Packaging Waste Regulation.
For more details please read the original article at Tech.eu.
Continue Learning
Comments
Sign in to join the conversation