Tech Company Financing Transactions
Glacier Robotics Funding Round
Glacier Robotics secured a $7.7 million investment round on 3/6/2024. Investors included Amazon, New Enterprise Associates and AlleyCorp.
Transaction Overview
Company Name
Announced On
3/6/2024
Transaction Type
Venture Equity
Amount
$7,700,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds for team expansion and development of its robots and to bolster its recycling capabilities, particularly in light of its recent collaboration with Amazon geared towards enhancing traceability and recovery processes for recyclable materials.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
745 Clementina Street Unit A
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of waste management technology designed to reduce waste. The company's technology utilizes machine learning for identifying and sorting commodities and diverting more recyclables from landfills, which decreases carbon emissions, energy usage, and depletion of natural resources, enabling clients to be more streamlined, accurate, and profitable.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Areeb Malik
Co-Founder
Rebecca Hu
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