Eversteel builds “Tetsu Navi Kenshu AI,” a computer-vision platform that analyzes images from cameras installed in scrap yards to determine scrap steel grades, flag impurities or foreign objects, and identify dangerous materials without human intervention. By automating a process that is traditionally manual and error-prone, the company targets steelmakers and recycling operators looking to improve safety and maximize scrap value. Established in March 2021, Eversteel operates from the University of Tokyo’s Entrepreneur Lab in Bunkyo, Tokyo. The firm started with a statutory capital of ¥1 million and is now backed by strategic and financial investors. In January 2026 it closed a ¥460 million Series A round, providing fresh funds to accelerate product development and expand deployments. No revenue or user figures were disclosed in the announcement, but the new capital positions the company to scale commercial roll-outs and enhance its AI models.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2026