About BinIt
BinIt is a company based in New York (United States) founded in 2018 by Raghav Mecheri and Ajit Akole. BinIt has raised $10.05 million across 3 funding rounds from investors including Neotribe. BinIt offers products and services including Visia Platform, Hardware Systems, and Data Services. BinIt operates in a competitive market with competitors including Polytag, Trashify, Tennaxia, Wellness TechGroup and RECOTECH, among others.
- Headquarter New York, United States
- Founders Raghav Mecheri, Ajit Akole
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Binit, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.05 M (USD)
in 3 rounds
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Latest Funding Round
$3.65 M (USD), Seed
Feb 14, 2025
- Investors
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Employee Count
Not available
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Products & Services of BinIt
BinIt offers a comprehensive portfolio of products and services, including Visia Platform, Hardware Systems, and Data Services.
Software for hazard detection and real-time material analysis.
X-ray and camera tools for inbound material inspection.
Tools for material traceability and reporting integration.
People of BinIt
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Funding Insights of BinIt
BinIt has successfully raised a total of $10.05M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.65 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in BinIt
BinIt has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Neotribe.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on tech sectors
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Investor details for BinIt
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Investments & Acquisitions by BinIt
Investment portfolio details for BinIt
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Financial Statements - BinIt
Detailed financials for BinIt
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- Profit trends
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Binit Comparisons
Peer comparison for BinIt
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- Named peers
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- Operating benchmarks
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Competitors of BinIt
BinIt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Polytag, Trashify, Tennaxia, Wellness TechGroup and RECOTECH, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Packaging is tagged and traced through recycling to generate data.
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No-code computer vision platform is offered for operational enhancements.
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Software solutions for waste management compliance and monitoring are provided.
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Data intelligence software is provided for smart city data analysis.
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Waste data is recorded and visualized via a cloud-based platform.
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Detailed competitors of BinIt
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Binit
Complete news archive for BinIt
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Frequently Asked Questions about BinIt
BinIt was founded in 2018 and raised its 1st funding round 4 years after it was founded.
BinIt is headquartered in New York, United States. It is registered at New York, New York, United States.
Raghav Mecheri is the current CEO of BinIt. They have also founded this company.
BinIt is a funded company, having raised a total of $10.05M across 3 funding rounds to date.
Provider of AI-based intelligent analytics for waste management. It offers solution such as digitize waste stream, analyze, tracking, and more.
BinIt offers Visia Platform, Hardware Systems, and Data Services.
BinIt has 1 investor. Key investors include Neotribe.