Microsoft Climate Innovation Fund Invested in AMP Robotics
New capital to fuel the ongoing transformation of recycling with AI and automation.
USA-based AMP Robotics Corp., a company in artificial intelligence (AI), robotics, and infrastructure for the waste and recycling industry, has received financing from Microsoft’s Climate Innovation Fund. According to the developer of AI-enabled solutions, this latest investment brings AMP’s Series C round – led by Congruent Ventures and Wellington Management – to a total of more than 90 million US-Dollar.
With its Series C funding, AMP is scaling its operations, including deploying technology solutions to retrofit existing recycling infrastructure and expanding new infrastructure based on its application of AI-powered automation. 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.
AMP’s AI platform identified nearly 75 billion objects in 2022 alone, the company informed in May this year. In addition to developing AI-enabled solutions, it 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 hundreds of deployments across North America, Asia, and Europe, AMP’s 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 firm underlined.
(Published in GLOBAL RECYCLING Magazine 2/2023, Page 17, Photo: AMP Robotics)
