USA – Colorado-based robotics company AMP Robotics has raised additional Series C funding from Microsoft Climate Innovation Fund to scale operations.
This latest investment brings its Series C round, led by Congruent Ventures and Wellington Management, to more than US$99 million 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 work applies AI and automation to increase recycling rates and economically recover recyclables reclaimed as raw materials for the global supply chain.
“We’ve been fortunate to attract world-class investors based on the proven viability of our AI platform as a category-defining technology application for the waste industry, and we’re grateful for the investment from Microsoft’s Climate Innovation Fund,” says Horowitz,
“With its deep expertise and innovation in AI and broad involvement in climate, Microsoft brings an unmatched perspective to our work here at Amp.
“This new funding will further our efforts to improve the economics and efficiency of recycling and transform our industrialized global economy into a more circular one.”
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 the recovery of film and flexible packaging.
Investment in AI and robotics technologies reflects growing demand for automation in the waste industry, Amp reports on this latest investment from Microsoft.
In addition to improving material recovery by boosting productivity, reducing contamination and addressing labor shortages, advanced technology is key to meeting brands’ sustainability commitments.
Additionally, policy and legislative tailwinds create new opportunities for recycling as more states pass laws that raise waste diversion goals and establish extended producer responsibility programs.
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