Japan: Eversteel raises JPY 460 million ($2.93 million) amid rising demand for AI-enabled scrap inspection

Japan's Eversteel has raised JPY 460 million ($2.93 million) in a Series A round led by Mitsui & Co. and Coreline Ventures, reflecting growing demand for digitalisation in scrap quality assessment. The investment will expand Eversteel's Iron Butterfly AI inspection platform and strengthen its business partnership with Mitsui. Coreline's backing supports Eversteel's broader scale-up strategy, as the scrap sector increasingly adopts AI.