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Everestlabs Raises $16.1M To Transform The Recycling Industry With Ai And Automation

PRIVATESep 28, 2022

Amount Raised

$16.1 Million

Round Type

Funding Round

FremontHardwareArtificial Intelligence

Description

EverestLabs, developer of RecycleOSSM, the first AI-enabled operating system for recycling, raised $16.1M in Series A funding led by Translink Capital and joined by NEC Orchestrating Future Fund and existing investors BGV, Sierra Ventures, Morado Ventures, and Xplorer Capital. The funding enables the company to invest in its scaling and go-to-market capabilities, including further commercialization activities that build on its AI-powered RecycleOSSM operating system, robotics, and unique end-of-arm tools.

Quick answer

Everestlabs raised $16.1 Million in a Funding Round round, dated September 28, 2022. Everestlabs is based in Fremont, California, United States.

How much did Everestlabs raise?
Everestlabs raised $16.1 Million in a Funding Round round on September 28, 2022.
What does Everestlabs do?
NYPIT, Inc. (dba Everest Labs) EverestLabs is working to decarbonize the planet by recovering all recyclables.
Where is Everestlabs based and how big is it?
Everestlabs is based in Fremont, California, United States.
Who are the decision-makers at Everestlabs?
Fundz holds 1 contact at Everestlabs, including the Co-founder & CEO . Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Artificial Intelligence around the same time

Companies in the same sectors as Everestlabs that raised within 45 days of this round, from Fundz verified event records.

  • Fathom raised $46M on November 4, 2022.
  • Ondas raised $35M (Convertible Note) on October 26, 2022.
  • Gomboc AI raised $2.7M (Seed) on October 26, 2022.
  • Axelera AI raised $27M (Funding Round) on October 25, 2022.
  • Lumafield raised $35M (Funding Round) on September 12, 2022.
  • Purlin raised an undisclosed amount (Seed) on November 11, 2022.

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Company Information

Company

Everestlabs

Location

74 WESTLINE DR.

Fremont, California, United States

About

NYPIT, Inc. (dba Everest Labs) EverestLabs is working to decarbonize the planet by recovering all recyclables. We are using AI, robotics and automation to help material recovery facilities (MRFs) operate more efficiently and enabling CPG brands to exceed their recycled content, EPR and ESG goals EverestLabs was founded with the belief that the planet (and industry) needs our help. MRFs are in the business of sorting hundreds of millions of tons of waste and recyclables, and it’s a business that is in dire need of modern technologies amid economic downturns, labor shortages, climate change goals, and more. EverestLabs’ technology, RecycleOS, is the only AI-enabled recycling solution that empowers MRFs to cost effectively recover more materials. With more than 97% AI accuracy, we guarantee pick efficacy for the widest range of recyclable materials. This leads to increased revenue and better business outcomes for the recycling industry. Most importantly, it’s contributing to a more sustainable future for our planet. And this is just the beginning: EverestLabs is committed to demystifying AI and automation for the recycling industry and creating a world where no recyclable is left behind.

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Related People

1 contact
Verified contactsJerry L., Co-founder & CEO hidden hidden hiddenSee plans and pricing
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Everestlabs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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