ZenRobotics Oy
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ZenRobotics Oy - overview
Established
2007
Location
Helsinki, -, Finland
Primary Industry
Environmental Services
About
ZenRobotics Oy specializes in advanced waste sorting solutions utilizing Artificial Intelligence (AI) to enhance efficiency and safety in waste management processes. Founded in 2007 and headquartered in Helsinki, Finland, ZenRobotics Oy focuses on automating waste sorting through robotics. The company has successfully completed 4 deals, with its most recent funding round being a GRANT of EUR 2. 00 mn received on August 5, 2022, led by EASME.
To date, ZenRobotics has raised a total of EUR 13. 00 mn. The current CEO is Wolfgang Schiller. ZenRobotics specializes in advanced waste sorting solutions through the deployment of Artificial Intelligence (AI) technologies.
Their core product offerings include the Heavy Picker and Fast Picker, which automate the sorting of heavy and lightweight waste materials, respectively. The robots are designed to enhance efficiency and safety in waste sorting operations, addressing the limitations of manual processes. ZenRobotics serves a diverse clientele, including leading recycling companies across more than 15 countries, and offers solutions for construction and demolition (C&D) waste, commercial and industrial (C&I) waste, and municipal solid waste. In the most recent fiscal year of 2020, ZenRobotics reported a revenue of EUR 3,371,563.
50, with an EBITDA of EUR -5,789,128. The company generates income through direct sales and partnerships with recycling facilities, with a business model that includes the sale of robotic systems and associated installation and maintenance services. Following its acquisition by Terex Corporation in August 2022, ZenRobotics plans to leverage its new partnership to expand its market presence. The company is focused on designing and launching new products that enhance its existing offerings.
With the support of recent funding, ZenRobotics aims to explore new geographic regions for market entry and reinforce its position within the waste management sector.
Current Investors
Invus [DUP], Lifeline Ventures, EASME
Primary Industry
Environmental Services
Sub Industries
Recycling
Website
www.zenrobotics.com
Verticals
Artificial Intelligence, Clean Technology, Robotics
Total Amount Raised
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