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Gradual announced it raised $550,000 in an initial filing from an offering of $1 Million

PRIVATEJun 27, 2023almost 3 years ago

Amount Raised

$550,000

Round Type

seed

FremontHardwareArtificial Intelligence

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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