Waste Robotics, a Canadian company specializing in autonomous robots for sorting centers, has raised CAD $10 million in funding from Mirova and Fondaction. The investment will be used to boost the company’s commercial development and expand its presence in Europe, particularly in France and the U.K., as well as in North America.
Waste Robotics offers an innovative solution for intelligent sorting by utilizing waste recognition technology, deep-learning algorithms, and robotic technologies. These technologies enable recycling centers to improve the quality of sorted waste streams, while also enhancing safety and profitability in the management of reusable materials. The ultimate goal of Waste Robotics is to make sorting centers virtually autonomous through the use of artificial intelligence.
With the increasing global waste production, estimated to rise by 70 percent to 3.4 billion tons by 2050, improving sorting processes and technologies is of utmost importance. Currently, 80 percent of the world’s waste is either landfilled or abandoned, creating a pressing need for better waste management practices. Developed countries are also facing growing regulatory pressure to take action in this area. Sorting robots have the potential to play a crucial role in addressing these challenges.
In addition to improving efficiency and productivity in recycling centers, Waste Robotics aims to enhance the work of human sorters. By automating repetitive and hazardous tasks, human workers can focus on higher value-added activities, leading to a safer and more rewarding work environment.
Waste Robotics’ recent investment will enable the company to accelerate its growth and solidify its presence in key markets. By leveraging its advanced technologies, Waste Robotics is taking a significant step towards revolutionizing waste management and driving the transition towards sustainable recycling practices.
Definitions:
1. Waste Robotics: A Canadian company specializing in the development of autonomous robots for sorting centers.
2. Autonomous robots: Robots capable of performing tasks without human intervention.
3. CAD: Canadian dollar.
4. Mirova: An investment management company specialized in sustainable finance.
5. Fondaction: A socially responsible investment fund based in Quebec.
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