AMP Robotics, a Denver, CO-based artificial intelligence (AI) and robotics company, raised an additional Series C funding from Microsoft Climate Innovation Fund.
This latest investment brings its Series C round, led by Congruent Ventures and Wellington Management, to more than $99M in total.
The company intends to use the funds to scale operations, including deploying technology solutions to retrofit existing recycling infrastructure and expand new infrastructure based on its application of AI-powered automation.
Led by Matanya Horowitz, Founder and CEO, AMP Robotics works applies 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 deployments across North America, Asia, and Europe, the technology recovers plastics, paper, and metals from municipal collection, precious commodities from electronic scrap, high-value materials from construction and demolition debris, and valuable feedstocks from organic material.
The company recently unveiled a compact, AI-enabled automated sortation solution, AMP Cortex™-C, along with an integrated, standalone facility offering for waste management companies. These developments follow the launch of AMP Vortex™ to tackle film contamination and improve recovery of film and flexible packaging.
FinSMEs
09/05/2023