Total amount raised
$266.1 Millions
Latest funding date
12/1/2024
Location
AMP has successfully raised significant funding over multiple rounds, with notable investors including Sequoia Capital and Tao Capital Partners. The company leverages AI-powered solutions to revolutionize the recycling industry.
Keep reading to explore the intricacies of AMP's fundraising journey and the investors backing this innovative platform.
What Is AMP?
AMP Robotics, founded in 2015 by James Bailey and Matanya Horowitz, is headquartered in Louisville, Colorado. The company specializes in AI-powered automation for waste and recycling, aiming to modernize recycling infrastructure through smart sortation solutions.
AMP's technology focuses on enhancing recycling efficiency and reducing costs by maximizing resource recovery and minimizing labor expenses. Their innovative solutions include AMP ONE™, a zero manual sortation labor MRF, and various other technologies like Vision, Jet, MicroJet, Delta, and Vac.
With a team of 101-250 employees, AMP continues to push the boundaries of AI in the recycling industry, striving to solve industry challenges and deliver reliable operations.
How Much Funding Has AMP Raised?
- Pre-Seed Round
- Amount Raised: $248.3K
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial prototypes and validate the technology.
- Grant
- Amount Raised: $175K
- Date: December 2014
- Lead Investors: National Science Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage research and development.
- Grant
- Amount Raised: $1.4M
- Date: April 2016
- Lead Investors: National Science Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-powered sortation technology.
- Seed Round
- Amount Raised: $3.2M
- Date: October 2017
- Lead Investors: Baidu Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the technology and begin commercial deployment.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and technology development.
- Series A
- Amount Raised: $16M
- Date: November 2019
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series B
- Amount Raised: $55M
- Date: January 2021
- Lead Investors: XN
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the team.
- Series C
- Amount Raised: $91M
- Date: November 2022
- Lead Investors: Congruent Ventures, Wellington Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and technological advancements in waste sorting.
- Series C
- Amount Raised: $8M
- Date: May 2023
- Lead Investors: Microsoft Climate Innovation Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and expand market presence.
- Series D
- Amount Raised: $91M
- Date: December 2024
- Lead Investors: Congruent Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build more robot-filled waste-sorting facilities and expand operations.
AMP Robotics has raised a total of $266.8M. The current valuation is not publicly disclosed.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm known for investing in early and growth-stage companies across various sectors. They have a long history of backing successful startups and helping them scale globally.
- Investment Focus Areas: Technology, healthcare, consumer services, financial services.
- Notable Investments: Google, Apple, WhatsApp.
- Congruent Ventures
- Details: Congruent Ventures is an early-stage venture firm focused on addressing climate and sustainability challenges. They manage over $1 billion in assets across early-stage climate tech funds.
- Investment Focus Areas: Climate and sustainability, Mobility and Urbanization, Energy Transition, Food and Agriculture, Sustainable Production and Consumption.
- Notable Investments: Various early-stage climate tech companies.
- Microsoft Climate Innovation Fund
- Details: The Microsoft Climate Innovation Fund is part of Microsoft's broader sustainability initiative, aiming to accelerate the development and deployment of climate solutions. They focus on investments that can have a significant impact on reducing carbon emissions.
- Investment Focus Areas: Climate technology, renewable energy, carbon capture and storage.
- Notable Investments: Various climate tech startups.
- Wellington Management
- Details: Wellington Management is a private, independent investment management company that serves as an advisor to over 2,200 institutions in more than 60 countries. They manage a diverse range of investment strategies.
- Investment Focus Areas: Technology, healthcare, financial services, sustainability.
- Notable Investments: Various institutional portfolios across multiple asset classes.
- XN
- Details: XN is a venture capital firm that invests in innovative companies across different sectors. They focus on high-growth potential startups and provide strategic support to help them scale.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Various high-growth startups.
What's Next for AMP?
AMP Robotics stands at the cusp of a transformative era in waste management, driven by the deployment of its AI-powered AMP ONE™ systems. With a recent $91 million Series D funding round, the company is poised to expand its operations, capturing significant value from waste that would otherwise end up in landfills. This opportunity is vast, with the potential to revolutionize recycling processes across North America, Asia, and Europe.
Future fundraising efforts are likely as AMP continues to scale its technology and operations. The growing emphasis on sustainability and efficient waste management presents a fertile ground for attracting new investors. However, AMP will need to navigate challenges such as scaling its systems across diverse regions and ensuring cost-effectiveness and reliability in various operational environments.
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