The UKBAA Angel Investment Awards 2021 recognises the most influential and high-growth entities in the angel and early-stage investment market – awarding the best upcoming brands in the industry, as well as the founders, angels, crowd funders and early-stage venture capitalists behind them.
Recycleye are proud to announce that we have been shortlisted for Deep Tech Investment of the Year! This award marks the pioneering deep technologies using AI, machine learning, IoT and robotics, developing fundamental breakthroughs for the World’s most pressing challenges. We are honoured to be placed beside five other businesses disrupting major industries using their novel solutions to combat the 21st century’s most impending challenges.
Recycleye is accelerating the world’s transition towards a circular economy by enabling smarter characterisation, ubiquitous tracking and automated waste sorting: optimising the outdated recycling industry and diverting millions of tonnes of waste from landfill. Recycleye’s vision system, which is capable of detecting and classifying all items in waste streams – broken down by material, object and even brand, removes the need for manual waste pickers. Underpinning the high-level accuracy of our system is the our own library of waste images – the largest waste image data set in the world, holding o 2.7 million images across 28 material classes and counting. Recycleye have also combined our state-of-the-art algorithms with inexpensive and rapidly deployable robotics systems, to create an automated sorting system that recognises and separates objects in their limitless, crushed forms, and operates at the speed of worldly consumption.
The company’s seed funding round in 2020 was led by venture capital investors MMC Ventures, Playfair Capital and the London Waste and Recycling Board (LWARB), with participation from leading funds, Atypical Ventures, eolos GmbH and Creator Fund. Our investments have been crucial in the validation of our technology, as a result of the impressive results achieved within such a short timeframe, we have been able to work with top players within the waste management sector.
Apart from our co-founders, all 12 members of today’s team joined during the COVID-19 pandemic. The numerous achievements that Recycleye has achieved in under 2 years are attributed to our investors, who believed in our mission just as much as we did, and a passionate team, who have carried out their roles remotely from day-one.
The winners are announced on the 8th of June at 5pm at the UKBAA Angel Investment Awards Ceremony taking place virtually this year! To join us at this exclusive event, book your free tickets online here.