Sortrace raises $800K
Sortrace, a company developing AI-powered technology for waste analysis, has raised approximately $800,000 in a funding round led by Almi Invest, with participation from Antler, Gorilla Capital and several angel investors.
The Stockholm-based company develops technology that combines computer vision, camera sensors and data analytics to help municipalities and waste management companies monitor household waste sorting and identify areas where improvements are needed.
Sortrace was founded by Rahel Surshi and Tomas Kjellstrand. The company offers technology that helps municipalities and waste management companies better understand waste contents by combining computer vision, camera sensors and data analytics.
Swedish municipalities have taken on increasing responsibility for ensuring that household waste is sorted correctly. However, limited access to data on waste composition makes it difficult to assess the effectiveness of collection systems and initiatives aimed at improving recycling rates.
The new investment will support Sortrace’s efforts to meet growing demand from municipalities and expand the application of its technology beyond waste collection vehicles to other stages of the waste management process.
Municipalities face new requirements and are investing heavily in collection and in information to households. But without data, no one knows whether those efforts work. We make mis-sorting visible at every emptying, so municipalities can act where the problems actually are.
