Fremont, CA – According to filings with the U.S. Securities and Exchange Commission, NYPIT dba EverestLabs.AI is raising $20,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jageesh Ambati played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About NYPIT dba EverestLabs.AI
Our Mission: Assure No Recyclable is Left Behind. At the center of our mission is the implementation of AI to empower package manufacturers, CPG companies, and Materials Recovery Facilities (MRF) operators with real-time knowledge to track and recover recyclables down to the brand level. Our sophisticated AI analytics enable us to implement customized solutions assuring that we. Optimize MRF operations to recover more. Assure manufacturers and brands meet extended producer responsibilities in recycling Exceed government recycling standards. We have simplified the adoption of industrial AI, Automation (ex: Robotics etc.) and IoT solutions for the recycling industry. This simplified adoption jump-starts access to technology empowering manufacturers and MRFs to meet consumers expectations to improve the planet. Our solutions include: PEAKVIEW: ESG/EPR Operational Intelligence for Package Manufacturers & CPG Brands BASECAMP: Operational Intelligence for MRFs to Increase Recovery SUMMIT: Robotics for Peak Performance Recovery. Team: Our multidisciplinary team includes senior leaders with PhDs, masters, and bachelors degrees in computer science (AI), and mechanical, electrical and chemical engineering and experience in building, running and acquiring material recovery facilities. The founding team has built startups from the ground up delivering $1B+ exits via IPO and acquisitions. We are a venture funded Silicon Valley startup. We are very humbled to be supported by US, Canadian and Japanese venture firms, family offices and angel investors.

To learn more about NYPIT dba EverestLabs.AI, visit http://www.everestlabs.ai/

Contact:
Jageesh Ambati, Chief Executive Officer
408-416-6207
https://www.linkedin.com/in/jdambati/

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