AMP Robotics, a Louisville, Colorado-based pioneer in artificial intelligence (AI), robotics, and infrastructure for the waste and recycling industry, has received financing from Microsoft’s Climate Innovation Fund.
This latest investment brings AMP’s Series C round, led by Congruent Ventures and Wellington Management, to a total of more than $99 million.
With its Series C funding, AMP is scaling its operations, including deploying technology solutions to retrofit existing recycling infrastructure and expanding new infrastructure based on its application of AI-powered automation.
“We’ve been fortunate to attract world-class investors based on the proven viability of our AI platform as a category-defining technology application for the waste industry, and we’re grateful for the investment from Microsoft’s Climate Innovation Fund,” said Matanya Horowitz, founder, and CEO of AMP Robotics. “With its deep expertise and innovation in AI and broad involvement in climate, Microsoft brings an unmatched perspective to our work here at AMP. This new funding will further our efforts to improve the economics and efficiency of recycling and transform our industrialized global economy into a more circular one.”
The company has deployed hundreds of sorting devices globally to increase recycling rates and landfill diversion.
Company: AMP Robotics Corp.
Raised: Undisclosed
Round: Series C
Funding Month: May 2023
Lead Investors: Congruent Ventures and Wellington Management
Additional Investors: Microsoft’s Climate Innovation Fund
Company Website: https://www.amprobotics.com/
Software Category: Recycling Infrastructure
About the Company: AMP Robotics is modernizing and scaling the world’s recycling infrastructure by applying AI and automation to increase recycling rates and economically recover recyclables reclaimed as raw materials for the global supply chain. In addition to developing AI-enabled solutions to retrofit existing recycling facilities, AMP also designs, builds out, operates, and services new facilities, powered by its application of AI for material identification and advanced automation, for waste industry customers. With hundreds of deployments across North America, Asia, and Europe, AMP’s technology recovers plastics, paper, and metals from the municipal collection, precious commodities from electronic scrap, high-value materials from construction and demolition debris, and valuable feedstocks from organic material.
Source: https://www.amprobotics.com/news-articles/amp-robotics-raises-additional-series-c-investment-from-microsoft-climate-innovation-fund