AMP Robotics Corp., a Denver, CO-based provider of artificial intelligence and robotics solutions for the recycling industry, raised $16m in Series A funding.
The round was led by Sequoia Capital with participation from previous investors (which include BV, Closed Loop Partners, Congruent Ventures, and Sidewalk Infrastructure Partners). As part of the investment, Shaun Maguire of Sequoia will join AMP’s board of directors.
The company will use the funds to further scale operations and develop new AI products.
Led by Matanya Horowitz, founder and chief executive officer, AMP Robotics provides a high-speed robotics system, AMP Cortex™, which precisely automates the identification, sorting and processing of material streams to extract maximum value for businesses that recycle municipal solid waste, e-waste, and construction and demolition materials.
The AMP Neuron™ AI platform operates AMP Cortex using advanced computer vision and machine learning to continuously train itself by processing millions of material images and adapting to changes in a facility’s material stream.
The AMP Insights™ web-based data management system digitizes the material stream, providing insights and alerts to operators so they can optimize their business even further.
Last month, the company completed the install of fourteen AI-guided robots at Single Stream Recyclers in Florida. The robots are installed on a number of different sorting lines throughout the facility, processing plastics, cartons, fiber, metals and other materials.
In addition to Florida, AMP has installations at numerous facilities across the US, including California, Colorado, Indiana, Minnesota, New York, Pennsylvania, Texas, Virginia and Wisconsin, with many more installations upcoming.