Company Market Research Report: Greyparrot AI

Company Overview

• Name: Greyparrot AI

• Mission: To use AI to significantly improve recycling efficiency and decrease the environmental impact of waste. Greyparrot empowers people involved in resource recovery, redesigning, and regulating discarded objects by putting waste intelligence into their hands.

• Founded: February 2019

• Founders: Mikela Druckman, Ambarish Mitra, Nikola Sivacki

• Key People:

• Mikela Druckman: Co-founder and CEO

• Ambarish Mitra: Co-founder

• Nikola Sivacki: Co-founder and Head of Deep Learning

• Headquarters: 100 Drummond Road, A401, London, SE16 4DG, United Kingdom

• Number of Employees: Approximately 50 employees from 19 different nationalities across the UK and Europe.

• Revenue: No information is available

• Known For: Specializes in AI waste analytics to enhance recycling operations, providing transparency and efficiency across the waste management value chain.

Products

Analyzer

• Description: A comprehensive AI waste analytics platform designed to track and report materials in recovery facilities.

• Key Features:

• Provides real-time data for material tracking.

• Enhances efficiency by minimizing sampling costs.

• Integrates seamlessly with existing or new hardware and software systems through Greyparrot Sync.

Sync

• Description: Integration system designed to connect Greyparrot's AI with third-party machinery and software for a unified data flow.

• Key Features:

• Facilitates seamless connection of real-time waste data across systems.

• Supports automation in sorting facilities.

• Provides a live data stream for enhanced operational insights.

Recent Developments

• Recent Partnerships:

• Greyparrot and recycling giant Bollegraaf have entered a global strategic partnership to accelerate the integration and adoption of AI in waste management facilities (February 2024).

• Partnership with Waste Robotics to deliver data-driven solutions through the Greyparrot Analyzer platform.

• Collaboration with VAN DYK Recycling Solutions to integrate AI-driven analytics into more material recovery facilities (MRFs) across the U.S.

• Recent Funding and Expansion:

• In May 2022, Greyparrot closed a $11 million Series A funding round.

• Strategic investment from Bollegraaf valued at $12.8 million to scale AI capabilities and global reach.

• Product Enhancements:

• Introduction of AI Sampling Dashboard to enhance material facility efficiencies.

• Continuous updates and versions of the Greyparrot Analyzer hardware to improve functionality and customer experience.

• Market Influence:

• Recognized in 2024 as part of the Global Cleantech 100 for excellence in sustainability.

• Significant presence in Europe with plans for further expansion in the US market, aiming to equip more waste recovery facilities with AI technologies.

Additional Notes

Greyparrot AI is committed to transforming waste management and contributing to the transition towards a circular economy. It provides crucial insights and technologies to boost recycling efficiency and improve environmental outcomes while maintaining partnerships with major waste management players and institutions globally.