AMP Robotics is a startup that develops AI, robotics, and infrastructure for the waste and recycling industry. Today, it announced its Series C round of more than $99 million which includes investment from Microsoft’s Climate Innovation Fund. AMP’s AI platform for recycling identified 75 billion objects last year. It has deployed hundreds of sorting devices globally to increase recycling rates and landfill diversion.
AMP will use this fund to scale its operations, including deploying technology solutions to retrofit existing recycling infrastructure and expanding new infrastructure based on its application of AI-powered automation.
“We’ve been fortunate to attract world-class investors based on the proven viability of our AI platform as a category-defining technology application for the waste industry, and we’re grateful for the investment from Microsoft’s Climate Innovation Fund,” said Matanya Horowitz, founder and CEO of AMP Robotics. “With its deep expertise and innovation in AI and broad involvement in climate, Microsoft brings an unmatched perspective to our work here at AMP. This new funding will further our efforts to improve the economics and efficiency of recycling and transform our industrialized global economy into a more circular one.”
Brandon Middaugh, senior director, Climate Innovation Fund at Microsoft, said, “There’s an urgent need for solutions and ongoing innovation to address our critical waste crisis. AMP provides a powerful and scalable application of AI-enabled automation to help meet the world’s imperative climate objectives by extending the circular economy.”
