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Venture Capital News: AMP Robotics Raises Additional Series C

2023-05-09
DENVER, CO, AMP Robotics has received financing from Microsoft's Climate Innovation Fund.
AMP Robotics, a 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.

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 municipal collection, precious commodities from electronic scrap, high-value materials from construction and demolition debris, and valuable feedstocks from organic material.
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