What is AMP?
Based in Louisville, Colorado, AMP is at the forefront of revolutionizing the recycling sector by applying artificial intelligence to sort waste at scale. The company's technology empowers waste and recycling leaders to significantly reduce labor costs, enhance resource recovery rates, and ensure more dependable operational outcomes. By harnessing AI, AMP addresses the inefficiencies and challenges inherent in traditional recycling processes, aiming to maximize the value derived from waste streams and contribute to a more sustainable circular economy.
How much funding has AMP raised?
AMP has raised a total of $148M across 1 funding round:
Series D
$91M
Series D (2024): $91M with participation from Sequoia Capital, Wellington Management, California State Teachers' Retirement System, Congruent Ventures, Blue Earth Capital, Liberty Mutual Investments, Range Ventures, and Tao Capital Partners
Key Investors in AMP
Sequoia Capital
Sequoia Capital is a prominent venture capital firm known for its long-term investment approach and active partnership with entrepreneurs, with a global track record of backing market leaders.
Wellington Management
Wellington Management is a global, independent investment management firm providing a wide range of portfolio management and research services to institutional clients.
California State Teachers' Retirement System
The California State Teachers' Retirement System is a large educator-only pension fund that administers retirement, disability, and survivor benefits for California's public school educators.
What's next for AMP?
The substantial enterprise-level funding, including the recent major strategic investment, positions AMP for accelerated growth and market expansion. This capital injection is expected to fuel further research and development into advanced AI algorithms, expand the company's operational footprint, and forge new strategic partnerships within the waste management ecosystem. AMP's trajectory suggests a continued focus on deploying its technology to address the growing global demand for efficient and effective recycling solutions, solidifying its position as a leader in the cleantech and sustainability space.
See full AMP company page
