Refiberd
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$580k | Seed | ||
* | N/A | $3.2m | Early VC |
* | $20.0k | Grant | |
Total Funding | $3.8m |
Recent News about Refiberd
EditRefiberd operates in the textile recycling industry, addressing the significant issue of global textile waste. The company utilizes an integrated system combining artificial intelligence (AI) and robotics to sort discarded textiles, which are then processed through a patent-pending recycling method to produce 100% repurposed thread. This thread has a wide range of applications, from industrial knitting to hand embroidery. Refiberd primarily serves textile manufacturers and companies focused on sustainable practices. The business model revolves around providing a technological solution to recycle textiles efficiently, thereby reducing waste and offering high-quality recycled materials. Revenue is generated through the sale of recycled thread and potentially through licensing its proprietary technology to other firms.
Keywords: textile recycling, AI, robotics, sustainable materials, repurposed thread, industrial knitting, hand embroidery, waste reduction, patent-pending, technological solution.