Louisville, Colorado-based AMP Robotics announced today that it has raised $99 million in a Series C funding round, led by Congruent Ventures and Wellington Management. The funding will be used to expand the company's AI and automation-enabled recycling infrastructure and accelerate its global growth.

AMP Robotics is a leading climate technology product manufacturing company transforming the world's recycling industry with AI and automation-powered solutions. The company's technology increases recycling rates and economically recovers recyclables that can be used as raw materials for the global supply chain. AMP Robotics also designs and builds new AI-powered facilities for material identification and advanced automation.

With hundreds of deployments across North America, Asia, and Europe, AMP's technology recovers plastics, paper, and metals from the municipal collection, precious commodities from electronic scrap, high-value materials from construction and demolition debris, and valuable feedstocks from organic material.

Commenting on the latest funding, Matanya Horowitz, Founder and CEO of AMP Robotics, said, "We are thrilled to have the support of such a strong group of investors as we continue to modernize and scale the recycling industry. This funding will accelerate our growth and further our mission to create a more sustainable future by increasing recycling rates and recovering valuable materials that can be reused in the global supply chain."