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(Photo credit: Recycleye)

Recycling robot

Recycleye raises £3.5million to solve the world’s waste epidemic

London, United Kingdom

Recycleye, the London-based technology company using advanced artificial intelligence and robotics to turn the world’s waste into resources, has raised a £3.5M seed round.

Having developed the world’s largest visual AI database of waste items, and low-cost robotics technology that automates dangerous manual labour, Recycleye enables waste management companies, including Biffa, to increase the purity and value of materials.

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Piovan April

Led by deep-tech venture capital firm Promus Ventures through its Orbital Ventures space fund, and with existing investors Playfair Capital, MMC Ventures, Atypical Ventures, and Creator Fund all participating. The company’s seed round takes its total funding to-date to £4.7M since it was founded in 2019 by CEO Victor Dewulf and CTO Peter Hedley.

Already relied upon by waste management leaders Biffa and ReGen in the UK, and three of the five largest waste management companies in Europe, Recycleye will use the funding to scale and enhance the accuracy, scope, and capabilities of its world-leading machine learning and robotics technology. In addition, it will continue to bolster its team, expand into new European markets, and further consolidate within existing territories (including the UK, France, and Italy), and expand its product line beyond vision systems.

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