The US-based AMP Robotics Corp. has raised $91 million in Series D funding, led by Congruent Ventures, to accelerate the deployment of its AI-driven sortation systems for municipal solid waste and recycling.
The financing round also saw participation from Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, and others.
“We are tackling larger projects to drive real outcomes for waste companies and municipalities,” said Matanya Horowitz, AMP founder. “This investment will help us lower sortation costs, capture more material value, and extend landfill life, all while optimising the industry’s assets.”
The funds will support the expansion of AMP ONE, a technology capable of sorting waste and recyclable materials at scale. AMP has already demonstrated the system’s effectiveness in Portsmouth, Virginia.
The company also recently entered a partnership with Waste Connections, Inc. to equip a single-stream recycling facility in Colorado. AMP’s AI platform is designed to increase recycling rates, reduce landfill waste, and recover valuable materials.
Use of Deep Learning
AMP Robotics uses AI and deep learning to continuously improve its systems by processing millions of material images. The company’s technology identifies recyclables and contaminants in real-time, increasing efficiency and reducing manual sorting.
With these advancements, AMP has expanded its capabilities to include municipal solid waste sorting, a sector previously underdeveloped in the recycling industry.
Abe Yokell, co-founder of Congruent Ventures, stated, “AMP’s AI systems enable consumers and communities to recycle more effectively, reduce reliance on landfills, and recover valuable materials while cutting emissions.”
Tim Stuart, AMP CEO, added, “We are positioned to reshape the waste and recycling landscape with cost-effective, high-performance systems that drive sustainability.”
AMP has deployed more than 400 AI systems globally, processing over 2.5 million tons of recyclables, and continues to expand its impact on the waste management industry.
The post AMP Robotics Secures $91 Mn Funding to Expand AI-Powered Waste Management appeared first on Analytics India Magazine.
