AMP Robotics Corp. raised $91 million in Series D funding led by Congruent Ventures to accelerate the deployment of its AI-powered AMP ONE™ systems for waste sorting.

Dec 05, 2024•8 months ago

Amount Raised

$91 Million

Round Type

series d

LouisvilleArtificial Intelligence

Investors

Tao Capital PartnersRange VenturesWellington ManagementCalifornia State Teachers Retirement System (Cal Strs)Liberty Mutual InvestmentsBlue Earth CapitalXnSequoia CapitalCongruent Ventures

Description

AMP Robotics Corp. has secured $91 million in a Series D financing round, spearheaded by Congruent Ventures. The funding will be utilized to enhance the deployment of its innovative waste sorting systems, contributing to improved recycling efforts across the United States.

Company Information

Company

AMP Robotics

Location

Louisville, Colorado, United States

About

AMP is applying AI-powered sortation at scale to modernize the world's recycling infrastructure and maximize the value in waste. AMP gives waste and recycling leaders the power to harness AI to reduce labor costs, increase resource recovery, and deliver more reliable operations. With hundreds of deployments across North America, Asia, and Europe, AMP’s technology offers a transformational solution to waste sortation and changes the fundamental economics of recycling.

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