Recent deployments of AMP ONE have demonstrated its ability to sort waste cost-effectively, with one facility processing 150 tons of local waste per day with over 90% uptime. Last month, AMP Robotics also entered into an agreement with Waste Connections Inc. to equip and operate one of their single-stream recycling facilities in Colorado. The Series D round was led by Congruent Ventures, with participation from current and new investors including Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, and others.
Key takeaways:
- AMP Robotics Corp. has raised $91 million in a Series D financing round to accelerate the deployment of its AMP ONE systems, which use AI and robotics to sort municipal solid waste.
- The company's AI platform has identified 150 billion items and guided the sortation of more than 2.5 million tons of recyclables, with over 400 AI systems deployed across North America, Asia, and Europe.
- AMP Robotics recently demonstrated its AMP ONE's ability to sort waste cost-effectively at a facility in Portsmouth, Va, and entered an agreement with Waste Connections Inc. to equip and operate a recycling facility in Colorado.
- The Series D round was led by Congruent Ventures, with participation from Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, CalSTRS, Wellington Management, Range Ventures, and Tao Capital Partners.