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Bollegraaf partners with Greyparrot, investing $12.8M and transferring AI vision business.
Bollegraaf, the world's largest builder of recycling plants, has entered into a strategic partnership with Greyparrot, a pioneer in AI waste analytics, to transform the global waste management industry.
Under the agreement, Bollegraaf will transfer its AI vision business to Greyparrot and make a cash investment of $12.8 million, securing a non-controlling stake in the company.
Additionally, Bollegraaf will serve as a worldwide distributor and strategic partner for Greyparrot's Analyzer, which provides 100% visibility into waste streams at recycling plants across 14 countries using AI camera systems.
The deal also includes Greyparrot acquiring Bollegraaf's vision-based computing intellectual property and its AI development team.
Greyparrot will open its first office in the Netherlands, where Bollegraaf is based.
Bollegraaf se asocia con Greyparrot, invierte 12,8 millones de dólares y transfiere el negocio de visión de IA.