Funded Tech Companies
Sortera Technologies
Sortera Technologies, based in Markle, received equity investments from Mitsubishi Corporation, Macquarie and Macquarie GIG Energy Transition Solutions.
Company Overview
Company Name
Sortera Technologies
Company Status
Private & Independent
Industry
Funding Rounds
Total Funding
Contact Information
Mailing Address
49 South 500 East
Markle, IN 46770
USA
Markle, IN 46770
USA
Phone
Undisclosed
Website
Email Address
Company Background Information
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
Last Transaction
8/30/2023
Financing History
Date
Type
Amount
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Siemer
Co-Founder
Manuel Garcia
Company Investors
- Mitsubishi Corporation
- Macquarie
- Macquarie GIG Energy Transition Solutions
- Assembly Ventures
- Breakthrough Energy Ventures
- RA Capital Management
- Chrysalix Venture Capital
- T. Rowe Price
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