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TrueCircle raise $5.5M to Apply AI to Recycling

In Tech With Purpose News by Scott

TrueCircle announced that they have just closed a sizeable pre-seed round of $5.5M to apply machine vision to recycling waste streams.

They’re taking a novel commercial approach to this, inspired by one of their founder’s experience at Revolut. They provide and install the camera equipment in the plants for free, and provide access to the data an insights on a SaaS basis (ok, SaaS isn’t that novel, but it is in this application)

The point of this is to help waste processing operators make better decisions about the waste that traverses their systems, sorting it more effectively and providing higher quality outputs down-stream. Their technology is already deployed in eight facilities across the UK and they plan to use this funding to reach 30-40 across Europe and the US within the next 12 months.

#recycle #circulareconomy

Read the original article here

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Scott is an Independent Technology Analyst, Content Writer and Connector of interesting people. Scott is a technologist at heart, with a history of technology innovation and marketing leadership roles. As the founder of this website and several other businesses, he is passionate about helping technology companies communicate their relevance and awesomeness in a way that engages and excites everybody. Get in touch with Scott here or connect with him on LinkedIn. Learn Scott's tips for content marketing, download his free template here..