Tech Company Financing Transactions
Sortera Technologies Funding Round
Sortera Technologies secured a $45 million funding round on 11/24/2025. Backers included T. Rowe Price, VXI Capital and Overlay Capital.
Transaction Overview
Company Name
Announced On
11/24/2025
Transaction Type
Venture Equity
Amount
$45,000,000
Round
Undisclosed
Investors
T. Rowe Price (Lead Investor)
VXI Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate its next phase of growth.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
49 South 500 East
Markle, IN 46770
USA
Markle, IN 46770
USA
Phone
Undisclosed
Website
Email Address
Overview
Sortera uses its patented artificial intelligence technology for production of low-cost high-quality metal alloys for domestic manufacturing. Currently, almost 25 million tons (~50 billion lbs) of automotive shredder metal scrap is produced in US each year from end-of-life automobiles and other products, and a large fraction of this is shipped overseas to be hand sorted into aluminum, copper, brass, zinc and stainless steel, and manufactured into parts. Sortera's highly automated sorting facilities perform highly accurate sortation of metal alloys at much lower cost making these valuable feedstocks for domestic manufacturing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Siemer
Co-Founder
Manuel Garcia
Browse more venture capital transactions:
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