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Amp Robotics announced it raised $71.2 Million in an initial filing from an offering of $80 Million

Amp Robotics announced it raised $71.2 Million in an initial filing from an offering of $80 Million

07/20/22, 10:05 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgbroomfield
Money raised
$71.2 million
Industry
information technology

Company Info

Company
AMP Robotics
Location
2770 industrial lane
broomfield, colorado, united states
Additional Info
AMP Robotics is reimagining and actively modernizing the world’s recycling infrastructure by applying AI and robotics to economically recover commodities reclaimed as raw materials for the global supply chain. The AMP Cortex™ high-speed robotics system automates the identification and sorting of recyclables from mixed material streams. The AMP Neuron™ AI platform continuously trains itself by recognizing different colors, textures, shapes, sizes, patterns, and even brand labels to identify materials and their recyclability. Neuron then guides robots to pick and place the material to be recycled. Designed to run 24/7, all of this happens at superhuman speed with extremely high accuracy. With deployments across the United States, Canada, Japan, and now expanding into Europe, AMP’s technology recovers recyclables from municipal waste, precious commodities from electronic waste, and high-value materials from construction and demolition debris. AMP is made in America with headquarters and manufacturing operations in Colorado.

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