Glacier Announces Series A Financing to Expand Robot Recycling Fleet

Gunderson Dettmer represented client Glacier, an AI recycling robotics company, in the announcement of its $16 million led by Ecosystem Integrity Fund with participation from AlleyCorp, Alumni Ventures, Amazon Climate Pledge Fund, Cox Exponential, Elysium, New Enterprise Associates, One Small Planet, Overlap Holdings, Overture, VSC Ventures, and Working Capital Fund. Glacier uses machine learning to develop robotic arms that can identify over 30 different types of materials.

Glacier has deployed its robots across major U.S. cities and will use its new capital to expand its robot fleet to more municipalities.

In the announcement of the transaction, Co-Founder and CEO of Glacier Rebecca Hu-Thrams said, “This milestone funding round comes at a pivotal moment in our journey. After a year of rapid growth and successful deployments across major markets, we’re now positioned to scale our technology even faster. Glacier has the opportunity to meaningfully strengthen U.S. recycling infrastructure, and on-shore critical manufacturing capabilities, create more skilled jobs, and develop a specialized workforce trained in advanced material recovery. Our goal is to not only help address crucial environmental challenges but also build our nation’s economic resilience in a resource-constrained global market.”

The Gunderson deal team was led by Nic Markman and included Jenna Finegold, Vijeta Kanabar and Will Bassett.

Companies
Glacier
Ecosystem Integrity Fund
AlleyCorp
Alumni Ventures
Amazon Climate Pledge Fund
Cox Exponential
Elysium
New Enterprise Associates
One Small Planet
Overlap Holdings
Overture
VSC Ventures
Working Capital Fund