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Sortrace raises $800K seed round led by Almi Invest

1 reports1 report sources2 hours agoUpdate

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Stockholm-based Sortrace has raised about $800,000 in a funding round led by Almi Invest, with Antler, Gorilla Capital and several angel investors also participating. The company is developing AI-powered technology to analyze waste, and says it plans to bring that analysis to collection trucks. The round is small and early-stage, so the money mainly signals investor backing for Sortrace's approach rather than a proven commercial rollout. No details were given on how many trucks would be equipped or when the technology would reach customers.

AI-generated from reports · 59 minutes agoUpdate

Latest updatesNov 2 16:00
Sortrace raises $800K to bring AI waste analysis to collection trucks

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Nov 2
  1. Tech.eu
    Sortrace raises $800K to bring AI waste analysis to collection trucks

    Stockholm-based Sortrace has raised about $800,000 in a round led by Almi Invest.

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