AMP Robotics Grabs $91M for AI Recycling Expansion

AMP Robotics, a leader in AI-powered waste and recycling technology, has secured $91 million in a Series D corporate equity funding round led by Congruent Ventures, with participation from other eminent investors. The fresh capital will be utilized to accelerate the global deployment of AMP's advanced AI-based AMP ONE systems, aimed at enhancing sustainable waste management solutions. This injection supports AMP's vision of modernizing the recycling industry amidst global challenges like stricter material purity standards and COVID-19-related disruptions. AMP's innovative technology is pivotal in realizing significant cost and efficiency improvements in recycling operations. A recent strategic collaboration with Waste Connections Inc. marks AMP's rising influence in the industry. The firm, founded by robotic and AI expert Matanya Horowitz in 2014, has seen rapid growth with its AI platform handling billions of material sortations. As recycling rates stagnate, AMP's technology holds promise for reshaping waste management and boosting resource recovery. With the new funding and expansion strategy, AMP Robotics looks poised to create substantial positive environmental impacts and set new industry standards.