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Sortera Alloys Announces $10M Funding Round To Advance End-Of-Life Recycling For Automotive Metals

Jul 07, 2022•about 3 years ago

Amount Raised

$10 Million

Fort Wayne

Description

Sortera Alloys, Inc., an innovative industrial scrap metal sorting and recycling company powered by A.I. imagery, data analytics, and advanced sensors, announced $10M in funding led by Assembly Ventures with additional funding from Breakthrough Energy Ventures and Novelis. Sortera is dedicated to providing a solution for end-of-life circular recycling in the aluminum industry.

Company Information

Company

Sortera Alloys

Location

Fort Wayne, Indiana, United States

About

Sortera Alloys brings state-of-the-art artificial intelligence and machine learning data analytics to the industrial scrap metal recycling industry. This disruptive technology drives new paradigms by generating new recycling products through advanced sortation methods. Creating novel recycled metal fractions from existing scrap recycling streams enables the domestic production of metals for manufacturing, boosting the strength of the circular economy. Based in Fort Wayne, Indiana, Sortera is led by a team of seasoned innovators in the fields of advanced materials, electronic instrumentation and equipment development. For more information visit: www.sorteraalloys.com.

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