Company recognized among rising stars of artificial intelligence for its AI-guided robots transforming the recycling industry

Forbes has named AMP Robotics Corp. ("AMP"), a pioneer and leader in artificial intelligence (AI) and robotics for the recycling industry, one of America's most promising AI companies. The publication's annual "AI 50" list distinguishes private, U.S.-based companies that are wielding some subset of artificial intelligence in a meaningful way and demonstrating real business potential from doing so. To be included on the list, companies needed to show that techniques like machine learning, natural language processing, or computer vision are a core part of their business model and future success.

AMP's technology recovers plastics, cardboard, paper, metals, cartons, cups, and many other recyclables that are reclaimed for raw material processing. AMP's AI platform uses computer vision to visually identify different types of materials with high accuracy, then guides high-speed robots to pick out and recover recyclables at superhuman speeds for extended periods of time. The AI platform transforms images into data to recognize patterns, using machine learning to train itself by processing millions of material images within an ever-expanding neural network of robotic installations.

"We consider AMP a category-defining business and believe its artificial intelligence and robotics technology are poised to solve many of the central challenges of recycling," said Shaun Maguire, partner at Sequoia Capital and AMP board member. "The opportunity for modernization in the industry is robust as the demand for recycled materials continues to swell, from consumers and the growing circular economy."

AMP's "AI 50" recognition comes on the heels of receiving a 2020 RBR50 Innovation Award from Robotics Business Review for the company's Cortex Dual-Robot System. Earlier this year, Fast Company named AMP to its "World's Most Innovative Companies" list for 2020, and the company captured a "Rising Star" Company of the Year Award in the 2020 Global Cleantech 100.

Since its Series A fundraising in November, AMP has been on a major growth trajectory as it scales its business to meet demand. The company announced a 50% increase in revenue in the first quarter of 2020, a rapidly growing project pipeline, a facility expansion in its Colorado headquarters, and a new lease program that makes its AI and robotics technology even more attainable for recycling businesses.

About AMP Robotics Corp.

AMP Robotics is applying AI and robotics to help modernize recycling, enabling a world without waste. The AMP Cortex high-speed robotics system automates the identification and sorting of recyclables from mixed material streams. The AMP Neuron AI platform continuously trains itself by recognizing different colors, textures, shapes, sizes, patterns, and even brand labels to identify materials and their recyclability. Neuron then guides robots to pick and place the material to be recycled. Designed to run 24/7, all of this happens at superhuman speed with extremely high accuracy. With deployments across the United States, Canada, Japan, and now expanding into Europe, AMP's technology recycles municipal waste, e-waste, and construction and demolition debris. Headquartered and with manufacturing operations in Colorado, AMP is backed by Sequoia Capital, Closed Loop Partners, Congruent Ventures, and Sidewalk Infrastructure Partners ("SIP"), an Alphabet Inc. (NASDAQ: GOOGL) company.

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AMP Robotics Named to Forbes AI 50 | RoboticsTomorrow - Robotics Tomorrow