Recycleye Raises £1.2M in Funding

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LONDON, Dec. 22, 2020 — Recycleye, an English startup company developing a computer vision system capable of detecting and classifying items in waste streams, has secured £1.2 million in seed funding. The funding was led by venture capital investors MMC Ventures and the London Waste and Recycling Board, with participation from leading funds, Atypical Ventures, eolos GmbH, and Creator Fund.

Recycleye also received grants from Innovate UK and the European Union. Waste items detected by the company's technology are broken down by material, object, and brand. They are then sorted with robotic components.

Published: December 2020
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
computer vision
Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...
Businessmachine visionsortingsorting systemcomputer visionwaste managementobject recognitionrecyclingplastics recyclingRecycleyefundingventure capitalventure capital funding

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