Metycle Raises $14.7 Million to Revolutionize Metal Recycling with AI

Metycle, a Cologne-based digital platform specializing in metal recycling, has secured $14.7 million in Series A funding. The company aims to enhance its AI-powered technology to make AI metal recycling more efficient and transparent.

Transforming Metal Recycling with AI

Metycle’s platform leverages artificial intelligence to improve sorting and quality certification in metal recycling. The AI analyzes the physical and chemical properties of recyclable metals in real-time, boosting efficiency and recovery rates. By reducing manual labor, the system also lowers carbon emissions.

Rafael Suchan, Metycle’s co-founder, explained that metal recycling is key to reducing CO2 emissions. “Recycling can cut emissions by 95% compared to primary production. We are moving towards a circular economy, and Metycle is at the forefront of that transition in AI metal recycling.”

Tackling the Demand for High-Quality Scrap

The demand for high-quality scrap metal is growing fast, with a 15 million metric ton deficit expected by 2030. Metycle plans to address this gap with its AI sorting technology. By integrating market data, Metycle ensures that high-demand materials are identified early, optimizing resource allocation for AI metal recycling.

Sebastian Brenner, the other co-founder, emphasized the importance of creating transparency in the recycling industry. “AI-powered sorting improves both efficiency and trust,” he said. “We aim to transform how secondary metals are traded globally and make AI metal recycling a standard.”

Strong Investor Backing

Metycle’s recent funding round was led by 2150, a European venture capital firm, alongside DFF Ventures, Market One Capital, Partech, and Project A. Investors are optimistic about Metycle’s ability to scale up its impact in the recycling industry. Rahul Parekh of 2150 commented, “Metycle’s leadership team is well-positioned to drive innovation in urban mining and accelerate the transition to a circular economy.”

With the new investment, Metycle plans to expand its global network and roll out its AI-powered sorting and certification system, pushing the industry toward greater efficiency and sustainability.