Dive Brief:

• Enevo, a logistics firm that creates sensors used in the waste industry, announced that it had received $8 million in investor funding. 
• The Enevo One System uses smart sensors to track the trash levels in waste bins so haulers can empty them if necessary. The service automatically creates a schedule and optimizes the disposal route.
• The company said that waste collectors who use Enevo’s technology reduce costs by up to 50%, cut down on emissions, and save time.

Dive Insight:

Enevo’s technology is already being used in 25 countries. The company plans to use this new round of funding to expand in other markets such as Asia and the Middle East. Enevo expects to face the challenges arising form waste management in urban megapolis head-on.

Tim Draper, the founded of Draper Associates -- one of the investors backing Enevo -- said, “Enevo has identified huge inefficiencies in an old-fashioned gigantic industry that has not yet been touched by technology and we believe the waste management industry is ripe for disruption.”