202423 Apr

London-based recycling startup Sorted raises over €1.9 million aiming to solve material sorting gap

Summary

Based in London, Sorted, an AI-powered recycling tech business, has raised over €1.9 million in a seed funding round led by Pi Labs. Using computer vision, spectroscopy and coloured lasers driven by AI, their solution identifies, differentiates and pinpoints valuable items on recycling lines. We use AI to augment and better enable human pickers, and our UK pilots show increased revenue and performance as well as reduced costs through using Sorted’s technology. “Under pressure to comply with upcoming regulations such as the UK Emissions Trading Scheme, our customers are actively seeking ways to reduce the amount of materials such as carbon-heavy plastic they send to incineration and avoid increased fees. This investment furthers our portfolio of companies focused on creating healthier, more sustainable cities.” Fred Stinchcombe, Production Regional Manager at SUEZ UK, said: “The biggest challenge we have right now is continuously adapting what we do to what brings the most value: either reducing residual waste or achieving higher quality output, but without having to redesign our plants.

Source: Eu-startups

Funding

$2.07M
Amount
Apr 23 2024
Date
-
Investor
London
Company

Classifications

Companies