Amp Robotics receives financing from Microsoft Climate Innovation … – Waste Today Magazine

Amp Robotics Corp., a Louisville, Colorado-based company focused on artificial intelligence (AI) and robotics technologies for the waste and recycling industry, has received financing from Microsofts Climate Innovation Fund.

According to Microsoft, its Climate Innovation Fund has made investment commitments to companies since its launch in 2020. The fund aims to invest in emerging climate technology solutions that have early commercial traction and need capital to scale the market as well as provide project financing to bring existing climate solutions to scale.

Amp Robotics says this latest investment brings its Series C funding round, led by San Francisco-based Congruent Ventures and Boston-based Wellington Management, to a total of more than $99 million.

With its Series C funding, Amp says it plans to scale its operations, deploying technology solutions to retrofit existing recycling infrastructure and expanding new infrastructure based on its application of AI-powered automation. Amp recently released a compact, AI-enabled automated sortation solution, the Amp Cortex-C, along with an integrated, standalone facility offering for recycling and waste management companies.

Weve 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 were grateful for the investment from Microsofts Climate Innovation Fund, says 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.

RELATED: Amp Robotics opens new headquarters

Investment in AI and robotics technologies reflects growing demand for automation in the waste industry, Amp reports on this latest investment from Microsoft. In addition to improving material recovery by boosting productivity, reducing contamination and addressing labor shortages, advanced technology is key to meeting brands sustainability commitments. Additionally, policy and legislative tailwinds create new opportunities for recycling as more states pass laws that raise waste diversion goals and establish extended producer responsibility programs.

Theres an urgent need for solutions and ongoing innovation to address our critical waste crisis," says Brandon Middaugh, senior director of the Climate Innovation Fund at Microsoft. "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.

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Amp Robotics receives financing from Microsoft Climate Innovation ... - Waste Today Magazine