AMP Raises $91M in Series D Funding to Scale AI-Powered Waste Sortation
AMP has revolutionized the waste management industry by making sorting safer, more reliable, and cost-effective.
Company Name: AMP
Location: Louisville, CO
Industry: AI-Powered Waste and Recycling Technology
Funding Details:
- Amount: $91M
- Round: Series D
- Led by: Congruent Ventures
- Participating Investors: Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, CalSTRS, Wellington Management, Range Ventures, Tao Capital Partners
Purpose of Investment:
The funds will accelerate the deployment of AMP ONE™ systems, advanced AI-powered solutions capable of sorting municipal solid waste (MSW). These systems are already operational in locations like Portsmouth, Virginia, and demonstrate transformative capabilities in waste management.
Leadership:
- Matanya Horowitz, Founder
Product:
AMP leverages deep learning and AI to process millions of material images into actionable data, enabling high-precision waste sortation. Its technology includes:
- Sorting Robots: Designed for minimal retrofitting, these systems integrate seamlessly into existing recycling facilities.
- AMP ONE™ Systems: Full-scale AI-powered sortation platforms that enhance the recovery of recyclables from MSW.
- Advanced Material Identification: Pattern recognition software that identifies recyclables and contaminants in real time based on colors, textures, shapes, sizes, and logos.
About the Company:
Since its inception, AMP has revolutionized the waste management industry by making sorting safer, more reliable, and cost-effective. The company operates three full-scale facilities and over 400 AI systems globally, spanning North America, Asia, and Europe. Its platform has identified 150 billion items and sorted more than 2.5 million tons of recyclables. AMP’s innovations are enabling new offtake chemistries and elevating sustainability in recycling and waste processing.
