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Greyparrot Secures $12.8M Funding Boost Led by Bollegraaf for AI Waste Analytics Advancement

Feb 12, 2024over 1 year ago

Amount Raised

$12.8 Million

LondonSoftware Development

Investors

Bollegraaf

Description

Greyparrot has secured $12.8 million in funding led by Bollegraaf for the advancement of AI waste analytics, driving advancements in waste management through data-driven insights and fostering collaboration across the waste value chain.

Company Information

Company

Greyparrot

Location

London, England, United Kingdom

About

Greyparrot [greyparrot.ai], the leader in AI waste analytics, is applying AI to globally scale recycling and save millions of tonnes of waste from landfills and incinerators. By providing deeper, more intelligent insights about waste stream composition and financial value, Greyparrot is helping the waste sector recover more value from waste processing lines and reduce the environmental impact of waste. The company’s waste intelligence platform, including Greyparrot Analyzer and Greyparrot Sync (API), reveals real-time insights on over 70 waste categories across seven layers of data, including financial value, brand, and GHG emissions, captured at multiple locations across a recycling facility. In 2023, Greyparrot analysed over 25 billion waste objects helping drive efficiency to save hundreds of thousands, to millions, of dollars per facility – while diverting millions of tonnes of waste away from landfills, oceans, and incinerators. Using Greyparrot insights, recycling professionals, plant builders, packaging producers, and FMCG brands can make decisions to help them increase recycling efficiency, comply with recycling regulations, and improve recyclable packaging design.

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Funding Insights

Based on industry data
VC-backed spending patterns
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Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech