This past spring, Quebec-based investors Fondaction and Fonds joined forces to support the growth of Waste Robotics, an environmental and recycling technology startup. The joint investment is expected to help the company accelerate the development and commercialization of its AI waste sorting solutions.
The Trois-Rivières, Québec , launched in 2016, now has proven robotic solutions in Québec City and Minneapolis, Minnesota, where a Waste Robotics bag sorting system has been in use for more than three years.
“This financing will help cement our position as a world leader in the field of robotic solutions for sorting and recovering waste material,” said Éric Camirand, co-founder and CEO of Waste Robotics, in March. “The significant resources provided by Fondaction will also support our SaaS (Sorting as a Service) program, which provides our customers with intelligent robotic sorting systems while minimizing Capex, risks and costs.”