Core Insights - Refiberd, a textile recycling startup based in Cupertino, California, has secured additional funding and resources through an agreement with PDS Ventures, extending its momentum following a successful win in June [1] - The company's strategy involves a plug-and-play approach, integrating its AI technology into existing sorting and recycling operations to address inefficiencies in garment material composition detection [2] - Refiberd's co-founder and CEO, Sarika Bajaj, highlighted the significance of partnerships in gaining traction within the industry, particularly given the challenges of entering a market without an established network [4] Company Overview - PDS Limited, the partner of Refiberd, is on track to exceed $1 billion in turnover this year and collaborates with over 600 factories globally to provide manufacturing sourcing and brand solutions [5] - For fiscal 2023, PDS reported consolidated revenues of 105.77 billion rupees, approximately $1.27 billion, and has committed around $50 million over six years to support early-stage companies in material science and fashion technology [5] Industry Challenges - The recycling pipeline currently sees about $100 million worth of garments, but less than 2% is recycled due to inadequate sorting infrastructure and fabric adulteration, a problem that Refiberd aims to address [6]