Sortera Technologies, the market leading aluminum sorting company with an upcycling platform powered by artificial intelligence, data analytics, and advanced sensors, today announced the close of $45 million in funding led by accounts advised by T. Rowe Price Associates and VXI Capital, with participation from Yamaha Motor Ventures and Overlay Capital; with an additional equipment funding from Trinity Capital. This funding fuels Sortera's next phase of growth as a major domestic supplier of metals upcycled from waste. In addition to the funding, Sortera is announcing plans for its second state-of-the-art processing facility in Lebanon, Tennessee. This expansion-driven by overwhelming demand and success at the flagship Markle, Indiana facility-will bring Sortera's innovative recycling solutions closer to its growing customer base.

Sortera Technologies brings state-of-the-art artificial intelligence data analytics to the recycling industry. This disruptive technology drives new paradigms by generating new upcycled products through advanced sortation methods. Creating novel recycled metal fractions from existing scrap recycling streams enables the domestic production of metals for manufacturing, boosting the strength of the circular economy. Sortera is led by a team of seasoned innovators in the fields of advanced materials, electronic instrumentation, and equipment development.