Greyparrot Raises $27M Series B for AI Waste Intelligence
Fundraise Insider tracks newly funded startups each week and delivers verified B2B leads list of C-suite contacts straight to your inbox, so you reach the right people while the funding is still fresh. See pricing.
Greyparrot, a London company applying AI to waste and recycling, has raised $27 million (£20 million) in a Series B round. The financing brings the company’s total funding to $60 million.
The round was led by technology investor Omar Mir. It follows a milestone for Greyparrot, whose platform has now detected more than one trillion waste objects.
The company’s AI camera systems, called Analyzers, sit above sorting belts in recycling facilities across more than 20 countries. They turn each item passing below into data, identifying its material, product and brand in real time.
Greyparrot plans to put about 30 percent of the money into product and AI development, including a stronger object detection system. It also aims to scale brand recognition through its Deepnest platform, build return on investment benchmarking for recyclers and brands, move toward a multimodal AI approach and deliver more regulatory data tied to extended producer responsibility rules.
More Funding News
- Quaise Energy Raises $134M Series B for Superhot Geothermal
- Arbol Secures $60M Series B for Climate Risk Expansion
- MetOx Technologies Secures Significant Funding to Expand HTS Wire Production and Advance Clean Energy Transition
- Sofar Ocean Secures $39 Million Series B to Expand Global Ocean Intelligence and Climate Insights