AMP Raises $91 Million in Series D Funding to Revolutionize Waste
AMP Robotics Corp. has raised $91 million in a Series D funding round led by Congruent Ventures, with participation from notable investors like Sequoia Capital, XN, Blue Earth Capital, and others. The funds will accelerate the deployment of AMP's AI-powered AMP ONE™ systems, designed to sort municipal solid waste (MSW) and single-stream recycling efficiently. AMP recently partnered with Waste Connections (NYSE: WCN) to equip and operate a recycling facility in Colorado. The company's AI-driven technology aims to improve recycling rates, lower sortation costs, and extend landfill life by capturing more material value. AMP's deep learning software processes millions of material images to identify recyclables and contaminants in real-time, enabling innovative recycling capabilities. The company has also expanded its leadership team, with Tim Stuart as CEO and Matanya Horowitz as CTO.
AMP Robotics Corp. ha raccolto 91 milioni di dollari in un round di finanziamento di Serie D guidato da Congruent Ventures, con la partecipazione di investitori di rilievo come Sequoia Capital, XN, Blue Earth Capital e altri. I fondi accelereranno l'implementazione dei sistemi AMP ONE™ potenziati dall'AI di AMP, progettati per smistare in modo efficiente i rifiuti solidi urbani (MSW) e il riciclaggio a flusso singolo. AMP ha recentemente collaborato con Waste Connections (NYSE: WCN) per attrezzare e gestire un impianto di riciclaggio in Colorado. La tecnologia guidata dall'AI dell'azienda mira a migliorare i tassi di riciclaggio, ridurre i costi di smistamento e prolungare la vita delle discariche catturando un maggior valore dei materiali. Il software di deep learning di AMP elabora milioni di immagini di materiali per identificare in tempo reale riciclabili e contaminanti, consentendo capacità innovative di riciclaggio. L'azienda ha anche ampliato la propria squadra dirigenziale, con Tim Stuart come CEO e Matanya Horowitz come CTO.
AMP Robotics Corp. ha recaudado 91 millones de dólares en una ronda de financiamiento Serie D liderada por Congruent Ventures, con la participación de inversores destacados como Sequoia Capital, XN, Blue Earth Capital y otros. Los fondos acelerarán el despliegue de los sistemas AMP ONE™ impulsados por IA de AMP, diseñados para clasificar de manera eficiente los residuos sólidos municipales (MSW) y el reciclaje de flujo único. AMP se asoció recientemente con Waste Connections (NYSE: WCN) para equipar y operar una instalación de reciclaje en Colorado. La tecnología impulsada por IA de la compañía tiene como objetivo mejorar las tasas de reciclaje, reducir los costos de clasificación y extender la vida útil de los vertederos al capturar un mayor valor de los materiales. El software de aprendizaje profundo de AMP procesa millones de imágenes de materiales para identificar reciclables y contaminantes en tiempo real, lo que permite capacidades innovadoras de reciclaje. La empresa también ha ampliado su equipo directivo, con Tim Stuart como CEO y Matanya Horowitz como CTO.
AMP Robotics Corp.는 Congruent Ventures가 주도하고 Sequoia Capital, XN, Blue Earth Capital 등 저명한 투자자들이 참여한 D 시리즈 펀딩 라운드에서 91백만 달러를 모집했습니다. 이 자금은 AMP의 AI 기반 AMP ONE™ 시스템의 배치를 가속화할 것이며, 이는 도시 고형 폐기물(MSW) 및 단일 스트림 재활용을 효율적으로 분류하도록 설계되었습니다. AMP는 최근 Waste Connections (NYSE: WCN)과 협력하여 콜로라도에서 재활용 시설을 구축하고 운영했습니다. 회사의 AI 기반 기술은 재활용 비율을 개선하고, 분류 비용을 줄이며, 더 많은 자 material 가치를 확보하여 매립지의 수명을 연장하는 것을 목표로 하고 있습니다. AMP의 딥러닝 소프트웨어는 수백만 개의 재료 이미지를 처리하여 재활용 가능 자재와 오염 물질을 실시간으로 식별하고 혁신적인 재활용 기능을 가능하게 합니다. 회사는 Tim Stuart를 CEO, Matanya Horowitz를 CTO로 하여 경영 팀을 확장했습니다.
AMP Robotics Corp. a levé 91 millions de dollars lors d'un tour de financement de Série D dirigé par Congruent Ventures, avec la participation d'investisseurs notables comme Sequoia Capital, XN, Blue Earth Capital et d'autres. Les fonds permettront d'accélérer le déploiement des systèmes AMP ONE™ alimentés par l'IA d'AMP, conçus pour trier efficacement les déchets solides municipaux (MSW) et le recyclage à flux unique. AMP a récemment établi un partenariat avec Waste Connections (NYSE: WCN) pour équiper et exploiter une installation de recyclage dans le Colorado. La technologie pilotée par l'IA de l'entreprise vise à améliorer les taux de recyclage, à réduire les coûts de tri et à prolonger la durée de vie des décharges en capturant une plus grande valeur matérielle. Le logiciel d'apprentissage profond d'AMP traite des millions d'images de matériaux pour identifier en temps réel les matières recyclables et les contaminants, permettant ainsi des capacités de recyclage innovantes. L'entreprise a également élargi son équipe de direction, avec Tim Stuart en tant que CEO et Matanya Horowitz en tant que CTO.
AMP Robotics Corp. hat in einer Series-D-Finanzierungsrunde 91 Millionen Dollar gesammelt, die von Congruent Ventures geleitet wurde, mit Beteiligung von namhaften Investoren wie Sequoia Capital, XN, Blue Earth Capital und anderen. Die Mittel werden die Einführung der AI-gesteuerten AMP ONE™-Systeme von AMP beschleunigen, die dafür entwickelt wurden, kommunale Feststoffabfälle (MSW) und den Einzelstrom-Recycling effizient zu sortieren. AMP hat kürzlich mit Waste Connections (NYSE: WCN) zusammengearbeitet, um eine Recyclinganlage in Colorado auszustatten und zu betreiben. Die KI-basierte Technologie des Unternehmens zielt darauf ab, die Recyclingquoten zu verbessern, die Sortierungskosten zu senken und die Lebensdauer von Deponien zu verlängern, indem mehr Materialwert erfasst wird. Die Deep-Learning-Software von AMP verarbeitet Millionen von Materialbildern, um in Echtzeit Recyclingmaterialien und Verunreinigungen zu identifizieren, was innovative Recyclingmöglichkeiten ermöglicht. Das Unternehmen hat auch sein Führungsteam erweitert, mit Tim Stuart als CEO und Matanya Horowitz als CTO.
- Raised $91 million in Series D funding.
- Partnership with Waste Connections to operate a recycling facility in Colorado.
- Deployment of AI-powered AMP ONE™ systems to improve recycling efficiency.
- None.
Insights
AMP Robotics'
The collaboration signals WCN's commitment to technological advancement in waste management, potentially reducing operational costs while increasing recycling revenues. With AMP's AI-powered sorting capabilities, WCN could see improved margins through better material recovery and reduced labor costs. The partnership also positions WCN favorably in the evolving regulatory landscape that increasingly emphasizes recycling and waste diversion.
AMP's AI technology represents a breakthrough in automated waste sorting. Their deep learning system's ability to continuously improve through processing millions of material images, combined with real-time pattern recognition of multiple characteristics, sets a new standard in recycling automation. The near-zero manual sorting capability and high reliability could significantly reduce operational costs and improve safety metrics for waste management companies like WCN.
The technology's expansion into municipal solid waste sorting is particularly noteworthy, as it opens up new revenue streams previously considered unfeasible. This could provide WCN with a competitive advantage in markets where traditional sorting methods struggle with efficiency and accuracy.
Latest investment to support expansion to process municipal solid waste and single-stream recycling at scale
AMP will use the latest funding to accelerate the deployment of its AMP ONE™ systems. AMP ONE provides a full-scale facility solution to sort various material streams and capture more of the billions of dollars in value otherwise lost to landfills or incinerated annually. (Photo: Business Wire)
AMP will use the latest funding to accelerate the deployment of its AMP ONE™ systems, which are capable of cost-effectively sorting municipal solid waste (MSW), as demonstrated by the first-of-its-kind system AMP operates in
“Recycling rates have stagnated in
AMP’s AI uses deep learning to continuously train itself by processing millions of material images into data. The software uses pattern recognition of colors, textures, shapes, sizes, and logos to identify recyclables and contaminants in real time, enabling new offtake chemistries and capabilities. AMP’s first products were a series of sorting robots deployed with minimal retrofit into existing recycling facilities. The company then pioneered a series of next-generation, transformative recycling facilities. With near-zero manual sorting, unprecedented reliability, and pervasive data, these facilities make the recovery of commodities safer and more cost-effective than ever and have grown to encompass MSW sorting, an offering out of reach to the industry prior to the advent of AMP’s technology.
Abe Yokell, co-founder and managing partner of Congruent Ventures, said, “AMP’s AI sortation systems enable consumers to recycle both with and without curbside separation and communities to benefit from the recovery of recycled commodities while reducing dependence on landfills. AMP is an example of the real-world impacts of AI; solutions like AMP’s will divert billions of tons of recyclable material from landfills while reducing emissions.”
Tim Stuart, chief executive officer for AMP, added, “AMP provides meaningfully lower-cost, higher-performance systems to recover commodities and increase landfill diversion, and we’re uniquely positioned to reshape the waste and recycling landscape at a critical time. We’re grateful to our longstanding and newest investors for their support in helping us chart a new path for sustainable materials management and resource efficiency.”
AMP recently augmented its leadership team with the appointment of
About AMP™
AMP is applying AI-powered sortation at scale to modernize the world's recycling infrastructure and maximize the value in waste. AMP gives waste and recycling leaders the power to harness AI to reduce labor costs, increase resource recovery, and deliver more reliable operations. The company’s AI platform has identified 150 billion items and guided the sortation of more than 2.5 million tons of recyclables. With three full-scale facilities and more than 400 AI systems deployed across
About Congruent Ventures
Congruent Ventures is a leading early-stage venture firm focused on partnering with entrepreneurs to build companies addressing climate and sustainability challenges across four themes: Mobility and Urbanization, the Energy Transition, Food and Agriculture, and Sustainable Production and Consumption. The firm has more than
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Media Contact
Carling Spelhaug
carling@ampsortation.com
Source: AMP Robotics Corp.
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