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AMP ONE is poised to capture billions of dollars’ worth of value that would otherwise be lost to landfills and incineration annually. Supply: AMP Robotics
AMP Robotics Corp. At present, it has successfully secured $91 million in Series D funding, marking a significant milestone in its company valuation. The Louisville-based company aims to accelerate the rollout of its innovative AMP ONE technology, leveraging AI and robotics to process municipal solid waste (MSW) more efficiently.
Despite the undoubted benefits that recycling brings to local economies and the environment, recycling fees have remained stagnant in America, according to Matanya Horowitz, founder of AMP. “This latest funding enables us to tackle larger projects and deliver tangible results for waste management companies and municipalities, including reduced sorting costs, increased material value capture, diversion of organic waste, and extended landfill lifespan, while helping the industry optimize its strategic assets.”
As of 2014, AMP Robotics reported that its artificial intelligence platform had successfully identified 150 billion consumer products and directed the recycling of over 2.5 million tons of materials. Their expertise will facilitate the modernization and transformation of the economics surrounding valuable resource revitalization. With a portfolio that spans across North America, Asia, and Europe, the company offers more than 400 AI-driven solutions and three comprehensive services.
From sortation to AMP ONE
AMP Robotics leverages the power of deep learning to continually hone its skills through the analysis of tens of millions of fabric images, converting visual data into actionable insights. The software utilises real-time recognition of colours, textures, shapes, sizes, and logos to instantly identify recyclables and contaminants, thereby unlocking novel off-take chemistries and capabilities.
The corporation famously introduced its initial product line, a series of sorting robots seamlessly integrated into existing services. Building on this momentum, AMP subsequently introduced services touted as featuring virtually zero manual sorting, ensuring reliability and providing pervasive access to critical information.
“These innovations ensure the restoration of commodities is safer and more cost-effective than ever before, having evolved to incorporate MSW sorting, thereby rendering it inaccessible to the industry prior to the advent of AMP’s technology,” it said. “Amp One provides a comprehensive solution for various material streams, unlocking billions of dollars in value that would otherwise be lost to landfills or incineration annually.”
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The AMP Robotics team celebrates a major milestone with a significant increase in deployments of its AI-powered recycling technology, while also welcoming a new chief executive officer.
AMP ONE’s capabilities enable the cost-effective treatment of Mixed Waste Streams (MWS) at our facility in Portsmouth, Virginia. According to the corporation, it has successfully handled 150 tons daily of indigenous waste, boasting a remarkable operational reliability rate exceeding 90%.
Last month, AMP Robotics partnered with Waste Connections Inc. to deploy one of Waste Connections’ single-stream recycling facilities in Colorado, bringing advanced sorting technology to the region.
“Achieving Meaningful Progress (AMP) revolutionizes commodity recovery and landfill diversion with cost-effective, high-performing solutions, poised to redefine the waste and recycling landscape in this pivotal moment,” said Tim Stuart, CEO of AMP. “We extend our sincere gratitude to our valued customers, both old and new, for their collaborative efforts in guiding us towards a more sustainable future through effective supply chain management and resource optimization.”
AMP finalized the addition to its management team in the last month by appointing a former Chief Operating Officer from Republic Services Inc. Horowitz transitioned seamlessly from his role as CEO to that of Chief Knowledge Officer.
Congruent Ventures leads spherical
Congruent Ventures led AMP Robotics’ Series D funding round. Investors from both old and new buyer groups, as well as prominent firms such as Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, California State Academics Retirement System (CalSTRS), Wellington Administration, Vary Ventures, and Tao Capital Partners, participated in the investment.
“Abe Yokell, co-founder and managing partner of Congruent Ventures, noted that AMP’s AI sortation methods empower customers to recycle materials effectively with or without curbside separation, enabling communities to generate revenue from the restoration of recycled commodities while reducing reliance on landfills.” “As the tangible outcome of artificial intelligence in action, solutions like AMP’s remarkable achievement demonstrates the potential to redirect billions of tons of recoverable materials away from landfills, thereby reducing greenhouse gas emissions.”
Is a pioneering early-stage enterprise agency focused on fostering collaborations with visionary entrepreneurs to build innovative companies that tackle pressing climate and social challenges? With assets exceeding $1 billion under management across early-stage climate technology funds, the agency oversees a diverse portfolio comprising 59 companies.
