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- Sortera Technologies
Sortera Technologies Funding, Investors & Competitors
Sortera Technologies has raised $111M across 5 funding rounds, most recently a $45M undisclosed-stage round in November 2025.
Last Sortera Technologies funding round
$45M
Undisclosed stage · Nov 2025
Cumulative funding Sortera Technologies raised
$111M
across 5 funding rounds
Key investors in Sortera Technologies
Breakthrough Energy Ventures
T. Rowe Price
Chrysalix Venture Capital
Assembly Ventures
RA Capital Management
Macquarie Asset Management
Yamaha Motor Ventures
Overlay Capital
About Sortera Technologies
Sortera Alloys is a Fort Wayne-based manufacturer of metal alloys using AI-driven processes. It produces aluminum and magnesium alloys for automotive and aerospace parts at costs 30% below market rates. Sortera Alloys recycles scrap inputs through proprietary sorting algorithms. Founded in 2020, the company supplies forgings to suppliers for Ford and Boeing assemblies in the Midwest.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
Sortera Technologies Funding History
Sortera Technologies has raised a total of $111M across 5 funding rounds.
Sortera Technologies' first fundraising round was a $2M seed round in October 2020. The most recent completed round was a $45M undisclosed-stage round in November 2025.
Sortera Technologies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2025 | Undisclosed stage | T. Rowe Price (lead); VXI Capital (lead); Overlay Capital; Yamaha Motor Ventures | $45M | Sortera Technologies, Inc., founded in 2020 and headquartered in Markle, Indiana, specializes in AI-powered sorting and upcycling of mixed aluminum scrap from end-of-life products into high-purity recycled metals for applications like automotive manufacturing. The company's technology uses artificial intelligence, data analytics, and advanced sensors to process cast, sheet, extrusion, low-silicon wrought packages, and polished end-of-life die cast aluminum at industrial scale. Its flagship 200,000 sq. ft. facility in Markle, operational since early 2023, achieved cash flow positivity by August 2025 and demonstrated strong customer demand for sustainable, high-quality domestic recycled aluminum. On November 20, 2025, Sortera closed a $45 million funding round, comprising $20 million in equity and $25 million in debt (including equipment financing from Trinity Capital), led by accounts advised by T. Rowe Price Associates and VXI Capital, with participation from new investors Overlay Capital and Yamaha Motor Ventures. This brings total funding to approximately $105 million, supporting expansion including a second state-of-the-art facility in Lebanon, Tennessee, set to replicate Markle capabilities and boost total annual production capacity to around 240 million pounds by summer 2026. The funds address capex needs for scaling operations amid decarbonization trends and growing U.S. demand for low-carbon aluminum to enhance supply chain resilience and reduce emissions from scrap exports. Prior investors include RA Capital Management-Planetary Health, the Mineral Resources Group of Mitsubishi Corporation, Macquarie GIG Energy Transition Solutions, Assembly Ventures, and Breakthrough Energy Ventures. Strategic partnerships, such as with Yamaha for automotive supply chains, underscore Sortera's positioning in the $1 trillion global metals recycling market, where it localizes processing to cut transportation emissions and recapture value from domestic feedstocks. The company employs 51-200 people as of mid-2025 and targets sectors hungry for circular metals solutions. |
| Aug 2023 | Series C | RA Capital Management (lead); Breakthrough Energy Ventures; Macquarie Asset Management; T. Rowe Price; Assembly Ventures; Mineral Resources; Chrysalix Venture Capital | $44M | Sortera Technologies is an Indiana-based material sorting company specializing in recycling and upcycling platforms powered by artificial intelligence, data analytics, and advanced sensors, targeting complex mixed metals like aluminum scrap to produce high-purity recycled feedstocks for manufacturing. The company's technology enables sorting of preproduction aluminum and end-of-life mixed metals, reducing reliance on virgin materials, lowering production costs, and cutting greenhouse gas emissions while supporting domestic recycling streams previously exported overseas. On August 30, 2023, Sortera closed a $30.5 million Series C funding round led by RA Capital Management-Planetary Health, with participation from T. Rowe Price Associates, Mitsubishi Corporation's Mineral Resources Group, Macquarie GIG Energy Transition Solutions, and existing investors Assembly Ventures, Breakthrough Energy Ventures, and Chrysalix Venture Capital. The funds are designated to fully commercialize its first full-scale facility in Markle, Indiana, expected to be operational in 2023 and sort up to 220 million pounds of mixed metals annually, while also supporting R&D expansion in Austin, Texas, team growth, and network development across North America. The Markle facility commissioning demonstrates the platform's ability to handle mixed die cast alloys and other critical metals, positioning Sortera to capitalize on the growing demand for sustainable recycling amid decarbonization trends in the $1 trillion global metals recycling market. |
| Jul 2022 | Series B | Assembly Ventures (lead); Novelis; Breakthrough Energy Ventures | $10M | Sortera Technologies, operating as Sortera Alloys, develops AI-powered technology using imagery, data analytics, and advanced sensors to sort and recycle mixed-alloy aluminum scrap from shredded automobiles into high-value alloys for automotive, aerospace, construction, and other applications. The technology enables separation of alloy streams with high precision, reducing energy use by 95% compared to virgin aluminum production and supporting circular supply chains. On July 7, 2022, Sortera closed a $10 million Series B funding round led by Assembly Ventures, with participation from Breakthrough Energy Ventures and Novelis. The investment supports scaling operations, team growth, and advancing end-of-life recycling for automotive metals. This round brought total funding to approximately $22 million at the time. The funding coincided with a commercial agreement with Novelis to supply high-quality aluminum feedstock for automotive components. Sortera's solution addresses fragmentation in the U.S. mixed aluminum scrap market by improving sorting accuracy beyond traditional methods. |
| Nov 2021 | Series A | Breakthrough Energy Ventures (lead) | $10M | Sortera Technologies, operating as Sortera Alloys at the time, develops AI-powered sorting systems to enable reuse of metals like aluminum from end-of-life products such as automobiles. The company announced $10 million in funding on November 30, 2021, led by Breakthrough Energy Ventures, building on prior investments from Chrysalix and the Department of Energy's ARPA-E. The funding supports scaling operations, team growth, and initial focus on high-quality industrial metal recycling from automotive streams. Sortera's technology combines AI image processing, data analytics, and sensors for high-throughput, high-purity sorting of aluminum alloys, targeting a market exceeding $10 billion. From its 10-acre facility in Fort Wayne, Indiana, the company had shipped trial truckloads of sorted aluminum feedstock—cast, sheet, and extrusions—from a pilot plant, with a mass production plant planned for 2022. |
| Oct 2020 | Seed | Chrysalix Venture Capital (lead); ARPA-E | $2M | - |
Who has invested in Sortera Technologies?
12 investors have backed Sortera Technologies across its funding rounds, including Breakthrough Energy Ventures, T. Rowe Price, Chrysalix Venture Capital, Assembly Ventures, RA Capital Management and Macquarie Asset Management.
Lead investors include T. Rowe Price, VXI Capital, RA Capital Management, Assembly Ventures, Breakthrough Energy Ventures and 1 other investor.
Sortera Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2021 | ||
| 2 | Lead | Aug 2023 | ||
| 2 | Lead | Jul 2022 | ||
| 2 | Lead | Oct 2020 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Nov 2025 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Aug 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSortera Technologies Competitors
Sortera Technologies competitors include listed companies like Air Liquide, Merck KGaA, Disco and HEC Group, and private ones like Colossal Biosciences and Group14 Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $31B | $8.6B | $122B | 4.4x | ||
| Publicly listed | $24B | $5.3B | $66B | 3.1x | ||
| Publicly listed | $2.8B | $1.3B | $35B | 10.7x | ||
| Publicly listed | $2.2B | $227M | $14B | 7.3x | ||
| Private | - | - | $10B | - | ||
| Private | $39M | - | $5.1B | - |
Sortera Technologies Public Comps
Sortera Technologies is still privately-owned, but its public comps include Air Liquide, Merck KGaA, Disco, Qnity Electronics, JX Advanced Metals, Grace Fabric, Pidilite, HEC Group, Ganfeng Lithium and POSCO Future.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $31B | $8.6B | 4.5x | 4.4x | 16.4x | 14.3x | |||
| $24B | $5.3B | 3.1x | 3.1x | 14.3x | 10.7x | |||
| $2.8B | $1.3B | 11.9x | 10.7x | 26.2x | 22.8x | |||
| $4.8B | $1.4B | 5.9x | 5.2x | 19.9x | 17.1x | |||
| $5.7B | $1.1B | 3.9x | 3.6x | 19.6x | 13.3x | |||
| $175M | $54M | 112.7x | 52.3x | 367.0x | 112.8x | |||
| $1.5B | $390M | 10.6x | 9.7x | 41.2x | 40.5x | |||
| $2.2B | $227M | 7.2x | 7.3x | 70.2x | 66.0x | |||
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Common questions about Sortera Technologies
| When was Sortera Technologies founded? | Sortera Technologies was founded in 2020. |
| Where is Sortera Technologies headquartered? | Sortera Technologies is headquartered in Fort Wayne, IN, United States. |
| Is Sortera Technologies publicly listed? | No, Sortera Technologies is a private, VC-backed company. |
| How much funding has Sortera Technologies raised? | Sortera Technologies has raised $111M across 5 funding rounds. |
| What was Sortera Technologies' last funding round? | Sortera Technologies' last funding round was a $45M undisclosed-stage round in November 2025, led by T. Rowe Price and VXI Capital. |
| Who are Sortera Technologies' investors? | Sortera Technologies' investors include Breakthrough Energy Ventures, T. Rowe Price, Assembly Ventures, Chrysalix Venture Capital, Novelis, Macquarie Asset Management, Overlay Capital, VXI Capital, Yamaha Motor Ventures, RA Capital Management and 2 others. |
| Which companies are comparable to Sortera Technologies? | Companies comparable to Sortera Technologies include Air Liquide, Merck KGaA, Disco, HEC Group, Colossal Biosciences and Group14 Technologies. |
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