Sortera Technologies (formerly Sortera Alloys), an Indiana-based startup that uses AI, sensors, and data analytics to sort and recycle industrial scrap metals, has raised USD 30.5 million in a Series C funding round led by RA Capital Management-Planetary Health. Other investors in the round included T. Rowe Price Associates, Mineral Resources Group, Macquarie GIG Energy Transition Solutions, and existing investors Assembly Ventures, Breakthrough Energy Ventures, and Chrysalix.

The funding will help expand the company’s operations in North America and accelerate its growth in the metals and recycling markets.

Analyst QuickTake: Sortera Technologies previously raised USD 10 million in Series B funding in July 2022 and secured additional funding from Breakthrough Energy Ventures and Novelis to scale its operations, expand its team, and provide high-quality metal recycling from automobiles. In addition, the company's Markle, Indiana, facility is expected to be fully operational in 2023, increasing its overall processing capacity to 220 million lbs of mixed aluminum scrap annually.