Friday, December 13, 2024

EverestLabs: Raises $16.1M in Funding

EverestLabs Raises $16.1M in Funding

  • EverestLabs, a Fremont, CA-based developer of an AI-enabled operating system for recycling, raised $16.1M in funding
  • The round was led by Translink Capital with participation form NEC Orchestrating Future Fund, BGV, Sierra Ventures, Morado Ventures, and Xplorer Capital
  • As part of this funding round, Kaz Kikuchi of Translink Capital will join the company’s board
  • The company is a climate tech company and the developer of RecycleOS, an AI software and robotics solution for recycling plants, CPG companies, and packaging manufacturers to achieve decarbonization
  • The company value proposition has been validated by public companies, private companies, and local cities in the U.S

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