Provide waste management services
RoadRunner Recycling official website
According to outside Media reported that the technology platform “ RoadRunner Recycling ” has received a $ 28.6 million round C funding This round of financing was jointly led by e.ventures Growth and Greycroft, and Franklin Templeton co-invested with existing investors Adams Capital Management and FJ Labs. In addition, Goh King, the head of e.ventures and Growth, will join the “RoadRunner Recycling” board.
RoadRunner Recycling was founded in 2014 by CEO Graham Rihn and provides waste management services. Developed specifically for commercial recycling, the door creates and manages end-to-end waste recycling solutions for large and small businesses. The solution uses proprietary data, market dynamics, and artificial intelligence and machine learning technologies to help client companies save costs, increase national recycling rates, and improve waste management service standards.
Graham Rihn said that “RoadRunner Recycling” has customized a recycling program for each customer-the platform’s machine learning technology can predict which materials will be produced in different industries and which containers will most effectively contain these wastes. For example, about 40% of school waste is paper waste and 60% is wasted food. In shopping malls,75% of the waste is cardboard and paper.
RoadRunner Recycling will customize collection points for client companies and ensure that their materials are effectively classified. The platform’s “Span” “RecycleMore” agents work directly with customer companies to understand the exact details of the waste and recycle it.
RoadRunner Recycling official website
Since its establishment, “RoadRunner Recycling” has provided services to more than 5,000 customer companies in more than 20 industries (including healthcare, manufacturing, education, retail and hospitality), and promoted 40,000 recycling The route completed the recycling task, saving customers about $ 20 million, and transferring more than 100,000 tons of recyclable materials from the landfill.
RoadRunner Recycling currently operates in 10 markets, including Pittsburgh, Philadelphia, Washington, DC, Baltimore, Houston, Chicago, Detroit, Dallas, San Antonio, and Cleveland.
At present, “RoadRunner Recycling” intends to use this new funding to double the size of the existing team and continue to improve artificial intelligence and machine learning technologies. “RoadRunner Recycling” will continue to expand the current market size in the United States, providing recycling services in up to 10 new markets, including Austin, Phoenix and San Diego.