Greyparrot, a London, UK-based startup leading AI waste analytics platform for the circular economy, closed an $11 million Series A funding to digitize the $1.6 trillion waste management industry and power the circular economy, bringing Greyparrot total raised to $15.9 million.
The round was led by Una Terra, with participation from Closed Loop Partners, Speedinvest, Unreasonable Collective, 360 Capital, Archipelago Eco Investors, Accelerating Growth Fund Ltd, and TI Capital.
This funding will enable Greyparrot to increase its product offering, expand its global footprint and impact and grow its team.
Company: Greyparrot AI Ltd.
Round: Series A
Funding Month: May 2022
Lead Investors: Una Terra
Additional Investors: Closed Loop Partners, Speedinvest, Unreasonable Collective, 360 Capital, Archipelago Eco Investors, Accelerating Growth Fund Ltd, and TI Capital
Company Website: https://www.greyparrot.ai/
Software Category: AI waste analytics
About the Company: Greyparrot is the leading AI waste analytics platform for the circular economy. Greyparrot AI Waste Recognition System is deployed globally on moving conveyor belts in sorting facilities (MRFs, PRFs, and other reprocessors) to monitor, analyze, and sort large waste flows at scale. Greyparrot’s mission is to increase transparency and automation in recycling to unlock the financial value of waste and keep our planet clean. Greyparrot operated across the UK and Europe has a team of 20 people from 11 countries with expertise in deep learning, waste management, and international expansion.