Newsletter 14 June 2024
Full version: Web Aticeo
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#recycling #innovation #impact
Trends
 

GAMIFYING WASTE RECYCLING

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According to the World Bank, global waste is expected to increase by 70% by 2050. Traditional waste management systems struggle to keep up with this rapid growth, leading to significant environmental challenges. Against that background, companies have developed innovations using artificial intelligence (AI) and machine learning (LM) to tackle the problem. These technologies not only improve sorting accuracy and efficiency but also engage communities through gamification, turning recycling into a rewarding and educational activity.

 

Binit, a Finnish startup, has developed an AI-powered platform that tracks and manages household waste through a gamified system. Users can scan their waste items to receive immediate feedback on correct disposal methods. The platform awards points and badges for proper recycling, fostering a sense of accomplishment and competition among users. Binit is actively piloting projects in Austin, NYC, San Francisco, LA, Helsinki, and Berlin, where it collects and provides transparent data points. The results are impressive: for example, residents in the Austin trial managed to reduce household waste per person by 38% in just three weeks.

 

Poland-based Bin-e, co-funded by the European Union, combines AI and ML with smart bin technology to optimize waste sorting. Bin-e’s smart bins are equipped with sensors and cameras that automatically identify and sort waste into appropriate categories. The system uses machine learning algorithms to improve sorting accuracy over time, reducing contamination and enhancing recycling efficiency. Their solution is already being applied across various industries with notable clients such as IKEA, Carrefour, and Volvo.

PE & VC Investments

#M&A

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Brainbox AI acquires Turntide's Automation Divison for smart building solutions

 

BrainBox AI, a leader in autonomous AI building technology based in Canada, acquired the Automation Division of Turntide Technologies to  strengthen its position in the sustainable building sector. The details of the acquisition were not disclosed.

 

This strategic acquisition brings together BrainBox AI's expertise in AI-powered building optimization with Turntide's established automation solutions for over 1,900 buildings across North America and Europe. This is BrainBox AI's second acquisition in the past 12 months. In May 2023, the company raised USD 20 Mln and acquired a multi-site retail energy management system integrator.

 

The combined offering creates a comprehensive suite of building management features, with the potential to reduce energy consumption and improve operational efficiency for real estate portfolios globally. 

#Startups

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Aeropowder raises GBP 150K to develop feather-based thermal packaging 

West London's Aeropowder has secured an investment from the British Design Fund to launch its sustainable thermal packaging solution.

 

Aeropowder has turned its attention to the millions of tons of feathers generated yearly by the growing global poultry industry. The company's patented technology utilizes these feathers as a core material, offering an alternative to traditional packaging materials notorious for their environmental impact.

 

Aeropowder's packaging can maintain internal temperatures between 2-8°C for over 72 hours, even in environments with average external temperatures of 30°C. This makes it a sustainable solution for transporting temperature-sensitive goods.

 

 

 

 

 

 

 

#Fundraising

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Cisco Investments announces a USD 1 Bln AI fund

 

Cisco Investments, the global corporate venture investment arm of Cisco, has announced the establishment of a Global AI Fund. This fund aims to propel advancements in artificial intelligence with a strong emphasis on sustainability and positive societal impact.

 

The newly launched fund has already committed nearly USD 200 Mln, invested in Cohere, Mistral AI, and Scale AI .

 

The fund will focus on sectors where AI can drive significant change, including renewable energy, smart cities, and sustainable agriculture.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Coming up
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