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Recycle Track Systems

Commercial waste management with on-demand pickup

Overview

Recycle Track Systems (RTS) provides commercial waste management by delivering integrated waste services, on-demand pickups, and customized recycling and sustainability plans for businesses and communities. Its product works through in-person analyses of a client’s needs to design optimal waste collection routes and diversion strategies, then uses an app-based platform to schedule pickups, track waste activities, and receive notifications. RTS combines managed services with technology to streamline operations, offering upfront costs and reliable customer support. The company differentiates itself with tailored, data-driven waste diversion plans and an on-demand pickup app that gives real-time visibility into waste management activities. Its goal is to help clients reduce environmental impact while improving efficiency and transparency in their waste programs.

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About Recycle Track Systems

Simplify's Rating
Why Recycle Track Systems is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & AnalyticsIndustrial & ManufacturingEnergyEnterprise Software

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$148M

Headquarters

New York City, New York

Founded

2014

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Simplify's take

What believers are saying

  • Raising Cane's renewal validates RTS's AI workflows and sensor economics at enterprise scale.
  • RTS won Kauffman Stadium, Citi Field, and Baltimore Ravens venue work.
  • The 2026 financing supports sensor rollout and expansion across North America.

What critics are saying

  • RoadRunner Recycling's 2023 contract lawsuit remained active through April 2026.
  • RTS accepted $40 million on worse terms after staving off default.
  • If Pello deployments stall, RTS becomes a commodity broker vulnerable to margin compression.

What makes Recycle Track Systems unique

  • RTS combines waste brokerage, sensors, and sustainability reporting across 20,000 locations.
  • Pello measures bin fullness and contamination in real time, enabling automated pickups.
  • Raising Cane's renewed RTS across 900 restaurants in November 2026.

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Funding

Total Funding

$148M

Above

Industry Average

Funded Over

7 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Paid Vacation
  • Paid Holidays
  • Professional Development Budget

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

-1%
GlobeNewswire
Nov 9th, 2026
Raising Cane's renews national partnership with RTS to scale intelligent waste operations and support sustainable communities.

Raising Cane's renews national partnership with RTS to scale intelligent waste operations and support sustainable communities. Pello's AI-powered sensing and Agentic AI workflows will support cleaner restaurants, crew safety and more responsive service as Raising Cane's continues to grow. NEW YORK, Nov. 09, 2026 (GLOBE NEWSWIRE) - Recycle Track Systems, Inc. (RTS) today announced the renewal of its national partnership with Raising Cane's. Under the multi-year agreement, RTS will continue providing waste and recycling services, technology-enabled visibility and Pello's AI-powered container intelligence across 900 Raising Cane's Restaurants with over 3000 sensors installed. RTS and Raising Cane's began working together in 2021. Pello gives Restaurant teams real-time information about container fullness and service needs. Through Pello and the broader RTS platform, Agentic AI workflows help translate those signals into operational action, including automated pickups and coordinated service. People set the rules and manage exceptions while the system handles more of the routine choreography. These capabilities operate successfully today and are designed to become more predictive, precise and responsive as the platform learns from additional locations and service events. "Raising Cane's is growing quickly, and the infrastructure behind that growth has to be equally responsive," said Gregory Lettieri, Co-Founder and CEO of RTS. "Pello allows service to respond to what is actually happening at the container, not simply to a fixed schedule. That is the shift we have spent more than a decade building toward: physical infrastructure that can sense a need, coordinate action and continuously improve." Founded more than a decade ago, RTS has grown from a two-person office into a North American company serving more than 20,000 locations. Its national service network, and Dallas operating presence, put the company close to Raising Cane's Restaurant Support Office in Plano, combining local execution with the visibility needed to support a national brand. For Lettieri, that growth extends a consistent idea: first make the physical system legible, then use intelligence to improve how it operates. That combination matters at Raising Cane's scale. Each restaurant manages waste locally, while the brand's standards for cleanliness, crew experience and reliable service must remain consistent across markets. By connecting site-level container data with a national service network, RTS helps Restaurant teams respond earlier while giving the brand a clearer view across its footprint. By helping service respond to actual conditions rather than fixed schedules alone, the renewed program can reduce unnecessary truck activity, prevent overflows and support cleaner, more consistent waste management operations. Fewer unnecessary pickups can also help reduce associated transportation emissions, while improved visibility into waste streams gives Raisin Cane's a strong foundation for tracking performance and identifying opportunities to improve waste diversion across its footprint. About Recycle Track Systems Recycle Track Systems, Inc. (RTS) is a North American waste and recycling technology company serving more than 20,000 locations. RTS combines national reach, local execution, real-time data and sustainability reporting to help businesses manage complex waste operations with greater visibility and accountability. Its technology includes Pello, an AI-powered container intelligence platform that uses sensors and automated workflows to identify service needs and support pickups based on actual conditions, and the RTS Portal, which gives customers visibility into operational performance and sustainability progress. Media Contact: Lilian Moreno Pace Public Relations [email protected] About Raising Cane's Founded by Todd Graves in 1996 in Baton Rouge, Louisiana, Raising Cane's is known for its ONE LOVE(R): quality Chicken Finger meals. The brand is recognized for its great Crew, cool Culture and Active Community Involvement, and continues to grow Restaurants serving Customers across the United States and beyond.

The Middle Market
Feb 7th, 2025
Portco Alleges Investor Attempted Hostile Takeover

RTS says it staved off default by accepting $40 million in funding on less favorable terms from existing investors led by Edison Partners.

PR Newswire
Jan 24th, 2025
RTS Secures $40M for AI Innovation

Recycle Track Systems (RTS) has secured over $40 million in financing to enhance AI innovation and expand sustainable waste solutions across North America. Led by Edison Partners, with participation from Volition Capital and others, the funding will accelerate RTS's deployment of AI-powered Pello sensors, enabling real-time waste data collection. RTS has also secured a ten-year contract in NYC, advancing sustainability initiatives with local haulers.

CSR Company
Apr 12th, 2024
TRUE Zero Waste Certification: Tapestry Hits Milestone in Efforts To Reduce Operational Waste

As a part of the certification process, Csr Company partnered with the sustainability team at Recycled Track Systems (RTS) and established some programs and initiatives at its Workshop, including but not limited to:

PR Newswire
Mar 20th, 2024
Kansas City Royals And Rts Forge Strategic Partnership For Enhanced Sustainability At Kauffman Stadium

KANSAS CITY, Mo., March 20, 2024 /PRNewswire/ -- The Kansas City Royals and Recycle Track Systems, Inc. (RTS), a leader in waste management and recycling solutions with their leading-edge Artificial Intelligence tracking platform, are pleased to announce a strategic partnership aimed at elevating sustainability efforts at Kauffman Stadium. Beginning with the 2024 season, this collaboration represents a forward-thinking approach to environmental stewardship within the sports arena. Kansas City Royals and RTS Forge Strategic Partnership for Enhanced Sustainability at Kauffman Stadium. RTS is excited to extend its reach into Kansas City, continuing its rapid expansion in the Midwest that has spread from its Columbus, Ohio office. The new partnership signifies RTS's commitment to enhancing its footprint in the region and amplifying its sustainability initiatives across the Midwest

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