DENVER, CO, AMP Robotics has raised $55 million in corporate equity in a Series B financing, led by XN.
AMP Robotics has raised $55 million in corporate equity in a Series B financing, led by XN with participation from new investors Valor Equity Partners and GV as well as existing investors Sequoia Capital, Sidewalk Infrastructure Partners, Congruent Ventures, and Closed Loop Partners.
AMP Robotics is seeking to modernize the world's recycling infrastructure by applying AI and robotics to increase recycling rates and economically recover recyclables reclaimed as raw materials for the global supply chain. The firm's AMP Cortex high-speed robotics system automates the identification and sorting of recyclables from mixed material streams.
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