Sorting specialist AMP Robotics has received financing from Microsoft’s Climate Innovation Fund. This brings total investments to more than US$ 99 million (EUR 91 million).
AMP’s smart sorting solution successfully identified nearly 75 billion objects in 2022 alone, reports company ceo Matanya Horowitz. The new round of funding allows his team to scale up operations, including deploying technology solutions to retrofit existing recycling infrastructure and expanding new infrastructure based on its application of AI-powered automation.
The tech provider recently unveiled a compact, AI-enabled automated sortation solution, AMP Cortex-C, along with an integrated, standalone facility offering for waste management companies. These developments follow the launch of AMP Vortex to tackle film contamination and improve recovery of film and flexible packaging.
‘We’ve been fortunate to attract world-class investors based on the proven viability of our artificial intelligence (AI) platform as a category-defining technology application for the waste industry,’ says Horowitz. ‘With its deep expertise and innovation in AI, Microsoft brings an unmatched perspective to our work here at AMP.’
Investment in AI and robotics technologies reflects growing demand for automation in the recycling industry, observes Microsoft’s innovation fund spokesperson Brandon Middaugh. ‘There’s an urgent need for solutions and ongoing innovation to address our critical waste crisis. 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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