EverestLabs' technology is already in use in several recycling plants across the United States, including in New York and Michigan. The company's system was trained on about 4 billion images of recyclables and can identify recyclable and non-recyclable objects with about 95% accuracy. The company, which recently raised $16.1 million in a Series A funding round, aims to increase its accuracy rates to 98-99% by 2030. CEO JD Ambati emphasizes that AI is not replacing humans in the recycling industry, but rather enhancing their capabilities.
Key takeaways:
- EverestLabs, an AI and robotics company, uses robots to sort recyclable materials with over 90% accuracy, significantly outperforming human sorters.
- The company's technology is being used in recycling facilities around the world, including in the United States, and is helping to significantly reduce the amount of recyclable materials that end up in landfills.
- EverestLabs' system was trained on about 4 billion images of recyclables and can identify recyclable and non-recyclable objects with about 95% accuracy.
- The company's CEO, JD Ambati, believes that the accuracy rates of their system will grow to 98-99% by 2030 and that AI can complement and increase the human quotient in the recycling world.