AMP Raises $91 Million in Series D
AMP, a Denver, Colorado-based company specializing in AI-driven sortation technology for the waste and recycling industry, has raised $91 million in Series D funding.
The round was led by Congruent Ventures, with participation from Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, CalSTRS, Wellington Management, Range Ventures, and Tao Capital Partners.
Congruent Ventures is an 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. With 59 companies in its portfolio, the firm manages over $1 billion in assets across early-stage climate tech funds.
The funding will accelerate the deployment of AMP’s advanced AMP ONE™ systems, including its municipal solid waste (MSW) sortation system in Portsmouth, Virginia.
AMP specializes in AI-powered automation for the waste and recycling industry. The company develops advanced sorting systems, such as AMP ONE™, which leverage deep learning and computer vision to identify and sort recyclable materials with high precision. Its AI platform has identified 150 billion items and facilitated the sortation of over 2.5 million tons of recyclables. AMP operates three full-scale facilities and over 400 AI systems deployed across North America, Asia, and Europe.
Funding Details
Company: AMP Robotics Corp.
Raised: $91.1M
Round: Series D
Funding Date: December 2024
Lead Investor: Congruent Ventures
Additional Investors: Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, CalSTRS, Wellington Management, Range Ventures, Tao Capital Partners
Company Website: https://ampsortation.com/
Software Category: Waste Management