Friday, September 20, 2024
24.7 C
New York

Glacier: Raises $4.5M in Seed Funding

Glacier Raises $4.5M in Seed Funding

  • Glacier, a San Francisco, CA-based leader in AI-powered robotic waste technology, raised $4.5M in seed funding
  • The round was led by New Enterprise Associates, with participation from former GE CEO Jeff Immelt, climate investor and former climate policymaker Sierra Peterson
  • The company produces a recycling robot, a combination of AI and robotics–that sorts over 30 different item types
  • By increasing recycling rates, the technology is also instrumental in the fight against climate change
  • Since its founding in 2019, Glacie has run multiple pilots. In early April, the company installed its first commercial robot at a large recycling facility in California
  • The robot is sorting eight target materials across two conveyor belts simultaneously

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version