Precycles

Company Overview

Snapshot

Founded in June 2020 by Ben Gagin, Alon Edri, and Yossi Liron, Precycles operates with 1–10 employees. The company has raised $250,000 across two funding rounds from one investor. In September 2023, Precycles received seed funding from Arkin Sustainability.

Business overview

Precycles specializes in AI-powered recycling solutions, focusing on simplifying waste management at the source. Its core product, the Precycler, is a smart robotic bin designed to detect, compress, sort, and store various recyclable materials, including plastic bottles, cups, aluminum containers, coffee capsules, and batteries. By processing waste directly at the collection point, Precycler aims to transform it into valuable raw materials, reducing waste volumes and contributing to a circular economy. The company operates within the Industrial Technologies sector, serving markets in Europe, Israel, the United Arab Emirates, and the United States.

Strategic signal

In September 2023, Precycles secured seed funding from Arkin Sustainability. This investment signals continued investor confidence in the company's AI-powered recycling technology and its potential to drive efficiency and value creation in the circular economy, particularly within office environments.

Company Intelligence Q&A

What is Precycles' primary product?

Precycles' flagship product is the Precycler, a smart robotic bin that uses AI to detect, compress, sort, and store various recyclable materials directly at the collection point.

When was Precycles founded and by whom?

Precycles was founded in June 2020 by Ben Gagin, Alon Edri, and Yossi Liron.

What is the total capital raised by Precycles?

Precycles has raised a total of $250,000 across two funding rounds.

What markets does Precycles target?

Precycles targets geomarkets including Europe, Israel, the United Arab Emirates, and the United States.