Monday, October 26, 2020

OnSite Waste Technologies Finds $3.5M

Newport Beach-based OnSite Waste Technologies has raised $3.5M in a Series A funding round, according to the company. The funding round was led by Mark IV Capital, which also is based in Newport Beach. The startup says it is developing technology for immediate sterilization of medical waste. The firm reported the funding was oversubscribed. Onsite Waste Technologies is led by CEO Brad Barnes; the company is aiming its onsite sterilization technology at long-term care facilities, family practices, dermatologists offices, urgent care clinics, and other small waste producers. The company says its first product, the TE-5000, fits on a counter and treats bio-medical waste by heating it to 350-400 degrees for 90 minutes, ensuring all bacteria, spores and viruses are completely destroyed, and melting all plastic into a disposable "brick".

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