# AMP Robotics Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amp-robotics

- Industry: Software
- Headquarters: Louisville, US
- Website: www.ampsortation.com
- Total disclosed funding: $271M
- Latest round: Series D (Dec 5, 2024)
- Investors on record: 16

## About

Based in the US, AMP Robotics Corporation specializes in AI-driven waste sorting technologies that enhance recycling and waste management efficiency, utilizing advanced automation to optimize resource recovery.AMP Robotics Corporation, founded in 2015 in Louisville, US, develops AI-powered waste sorting solutions to improve recycling processes. The company has secured a total of USD 91.00 mn across multiple funding rounds, with its latest Series D round taking place on December 5, 2024, led by Congruent Ventures, along with participation from notable investors like Liberty Mutual Strategic Ventures and Sequoia Capital. The firm was founded by Matanya Horowitz, who possesses a robust background in technology and innovation.AMP provides advanced AI-powered waste sorting solutions designed to enhance the efficiency and effectiveness of recycling and municipal solid waste management. Their core offerings include fully automated facilities that utilize AMP Smart Sortation™ technology, capable of processing 10,000 to over 1 million tons of material per year. These systems facilitate real-time material characterization and allow for high-volume sorting with over 90% recovery rates, all without manual intervention. AMP serves a diverse client base that includes waste management companies and municipalities, focusing on various geographical markets such as North America and Europe. The technologies offered aim to improve operational performances, reduce landfill dependency, and optimize resource recovery, making them integral to modern waste management strategies.AMP's revenue is generated through partnerships with waste management firms and municipalities that utilize their AI-powered sortation services. The company utilizes a B2B transaction structure where clients contract for the installation and operation of AMP Smart Sortation™ systems within their facilities. Specific pricing structures for these advanced systems have not been disclosed, but transactions typically involve contracts for service agreements that may include upfront installation costs, ongoing maintenance fees, and performance-based incentives based on recovery rates. Through these arrangements, AMP aims to create long-term partnerships that enhance the overall efficiency of waste processing operations and support clients in achieving their sustainability goals.In December 2024, AMP Robotics Corporation raised USD 91.00 mn in Series D funding, aimed at further developing its waste management systems. The company plans to expand its market reach into new geographical regions, specifically targeting increased operations in markets across North America and Europe. The funding will support the development of upcoming products in the AI waste sorting category, enhancing their existing offerings and potentially introducing new features to their Smart Sortation technology. This strategic growth initiative aims to solidify AMP's position in the waste management sector.

## Funding rounds

- Series D, Dec 5, 2024, $91M — Hong Shan, California State Teachers' Retirement System, Wellington Management, Tao Capital Partners, Liberty Mutual Strategic Ventures, Congruent Ventures, Blue Earth Capital, Range Ventures, XN
- Series C, Aug 11, 2023, $13M — Microsoft Climate Innovation Fund
- Series C, Nov 2, 2022, $20M — Hong Shan, Valor Equity Partners, Wellington Management, GV, Tao Capital Partners, Congruent Ventures, Blue Earth Capital, Sidewalk Infrastructure Partners (SIP), XN, Range Ventures
- Series C, Jul 5, 2022, $71M — Hong Shan, Valor Equity Partners, Wellington Management, GV, Tao Capital Partners, Congruent Ventures, Blue Earth Capital, Sidewalk Infrastructure Partners (SIP), XN, Range Ventures
- Series B, Dec 17, 2020, $55M — Hong Shan, Valor Equity Partners, GV, Closed Loop Partners, Congruent Ventures, Sidewalk Infrastructure Partners (SIP), XN
- Series A, Oct 29, 2019, $15M — BV Investment Partners, Hong Shan, Closed Loop Partners, Congruent Ventures, Sidewalk Infrastructure Partners (SIP)
- Seed, Jan 22, 2019, $3.4M — Congruent Ventures
- Seed, Oct 17, 2017, $3.2M — Baidu Ventures, Congruent Ventures

## Investors

- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Seed
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Seed, Series A, Series B, Series C, Series D
- BV Investment Partners (https://capitalatlas.ai/funds/bv-investment-partners) — Series A
- Hong Shan — Series A, Series B, Series C, Series D
- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Series A, Series B
- Sidewalk Infrastructure Partners (SIP) — Series A, Series B, Series C
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C
- XN (https://capitalatlas.ai/funds/xn) — Series B, Series C, Series D
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series C, Series D
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series C, Series D
- Blue Earth Capital (https://capitalatlas.ai/funds/blue-earth-capital) — Series C, Series D
- Range Ventures (https://capitalatlas.ai/funds/range-ventures) — Series C, Series D
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series C
- California State Teachers' Retirement System — Series D
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series D