- Companies
- AMP
Last AMP valuation
$571M
Series C · Nov 2022
Last AMP funding round
$91M
Series D · Dec 2024
Cumulative funding AMP raised
$264M
across 7 funding rounds
Key investors in AMP
Sequoia Capital
Congruent Ventures
XN
Sidewalk Infrastructure Partners
GV
Valor Equity Partners
About AMP
AMP is a Louisville-based AI technology company revolutionizing recycling with smart sortation systems. Its computer vision and robotics platforms identify and separate materials like plastics, metals, and fibers at material recovery facilities. Deployed in over 20 sites across North America and Europe, AMP's solutions recover up to 30 percent more valuable commodities while cutting labor expenses. The company partners with waste management operators such as Waste Connections and Recology to enhance throughput and sustainability.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$571M (Nov 2022)
AMP Valuation
AMP is currently valued at $571M, based on its Series C in November 2022.
The $91M round was led by Congruent Ventures and Wellington Management, with participation from Range Ventures, XN, Tao Capital Partners, GV, Sidewalk Infrastructure Partners and 3 other investors.
AMP valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2022 | Series C | $571M |
AMP Funding History
AMP has raised a total of $264M across 7 funding rounds.
AMP's first fundraising round was a $200K pre-seed round in May 2015. The most recent completed round was a $91M Series D in December 2024.
AMP funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Series D | Congruent Ventures (lead); Range Ventures; XN; Tao Capital Partners; Wellington Management; CalSTRS; Liberty Mutual Investments; Sequoia Capital; Blue Earth Capital | $91M | - | AMP Robotics Corp., based in Denver, Colorado, develops AI-powered sortation technology for the waste and recycling industry, using deep learning and computer vision to identify and sort recyclables with high precision. Its flagship AMP ONE systems provide full-scale facility solutions for sorting municipal solid waste (MSW), single-stream recycling, and other material streams, enabling lower-cost recovery of commodities and increased landfill diversion. The company has deployed systems in locations such as Portsmouth, Virginia; outside Cleveland, Ohio; Pitt County, North Carolina; and a Waste Connections facility in Colorado, with over 400 AI systems operating across North America, Asia, and Europe. In December 2024, AMP raised $91 million (or $91.1 million per one source) in a Series D equity financing round led by Congruent Ventures, with participation from Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, CalSTRS, Wellington Management, Range Ventures, and Tao Capital Partners. This funding supports accelerated deployment of AMP ONE systems to process MSW and single-stream recycling, building on existing installations and partnerships like the recent agreement with Waste Connections Inc. AMP's AI platform has processed 150 billion items and sorted over 2.5 million tons of recyclables, positioning it to address stagnating U.S. recycling rates and reduce emissions by diverting materials from landfills. Congruent Ventures, managing over $1 billion in climate tech assets, highlighted AMP's role in real-world AI applications for sustainability across themes like sustainable production and consumption. The round underscores investor confidence in AMP's potential to reshape waste management amid growing demand for resource efficiency. |
| May 2023 | Series C | Microsoft Climate Innovation Fund (lead) | $8M | - | - |
| Nov 2022 | Series C | Congruent Ventures (lead); Wellington Management (lead); Range Ventures; XN; Tao Capital Partners; GV; Sidewalk Infrastructure Partners; Sequoia Capital; Valor Equity Partners; Blue Earth Capital | $91M | $571M | AMP Robotics develops AI-enabled robotics for sorting recyclable materials in the waste management industry, focusing on improving recycling efficiency through computer vision and machine learning. The company operates in the cleantech and robotics space, targeting material recovery facilities to automate sorting of plastics, fiber, and metals. The company has raised a total of $267.58M across 9 funding rounds, with investors including Congruent Ventures, Sequoia Capital, GV, and others listed. A Series D round of $91M occurred on December 5, 2024, backed by Congruent Ventures, Blue Earth Capital, Range Ventures, Sequoia Capital, Tao Capital Partners, Wellington Management, and XN Capital, among others. Earlier rounds include Series C in July 2022 and May 2023, and Series B in December 2020. AMP's 2020 revenue was $20M. |
| Jan 2021 | Series B | XN (lead); GV; Sidewalk Infrastructure Partners; Sequoia Capital; Closed Loop Partners; Valor Equity Partners; Congruent Ventures | $55M | - | AMP Robotics, a Denver-based company, raised $55 million in Series B financing led by XN, with participation from new investors Valor Equity Partners and GV, alongside existing investors Sequoia Capital, Sidewalk Infrastructure Partners, Congruent Ventures, and Closed Loop Partners. This funding round, announced in early January 2021, followed the company's $16 million Series A in November 2019, bringing total funding to approximately $74.5 million at the time. The company develops AI-guided robotics systems designed to sort and recover recyclable materials from waste streams in materials recovery facilities. AMP's robots reportedly pick 80 items per minute, roughly twice as fast as human workers, and the systems are modular to integrate into existing facility workflows. The company had signed a major contract with Toronto-based Waste Connections in late 2020 to deploy 24 AI-guided robotic systems, representing its largest customer agreement to date. By the time of this funding round, AMP had hundreds of deployments across three continents and a coast-to-coast presence spanning more than 20 U.S. states including California, Colorado, Florida, Minnesota, Michigan, New York, Texas, Virginia, and Wisconsin. AMP planned to use the Series B capital to scale operations, develop new AI applications for materials recovery, and expand partnerships with consumer packaged goods companies like Keurig Dr Pepper to support circular economy initiatives. The company also operated a leasing program with monthly payments starting below $6,000 to make its robotic systems more accessible to waste management businesses. |
| Nov 2019 | Series A | Sequoia Capital (lead); BV Investment Partners; Prelude Ventures; Sidewalk Infrastructure Partners; Closed Loop Partners; Congruent Ventures | $16M | - | AMP Robotics raised $16 million in a Series A funding round on November 14, 2019, led by Sequoia Capital with participation from BV Investment Partners, Closed Loop Partners, Congruent Ventures, and Sidewalk Infrastructure Partners. The company develops AI-guided robotic systems for the recycling industry to improve sorting efficiency and economics. Funds were allocated to scale production, expand operations, and develop new AI products. Founded by Matanya Horowitz, AMP aims to transform recycling infrastructure and enable a circular economy by recovering commodities from waste streams. Shaun Maguire from Sequoia joined the board as part of the investment. Sidewalk Infrastructure Partners, backed by Alphabet and Ontario Teachers’ Pension Plan, continued support from its seed investment via Sidewalk Labs. This round brought AMP's total funding to $20 million, following prior seed investments. The technology uses AI and deep learning to identify and sort recyclables from trash streams. Subsequent rounds included a $55 million Series B in 2021 led by XN with Valor Equity Partners, GV, and existing investors. |
| Oct 2017 | Seed | Baidu Ventures (lead) | $3M | - | - |
| May 2015 | Pre-seed | - | $200K | - | - |
Who has invested in AMP?
17 investors have backed AMP across its funding rounds, including Sequoia Capital, Congruent Ventures, XN, Sidewalk Infrastructure Partners, GV and Valor Equity Partners.
Lead investors include Congruent Ventures, Microsoft Climate Innovation Fund, Wellington Management, XN, Sequoia Capital and 1 other investor.
AMP Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2019 | ||
| 4 | Lead | Nov 2019 | ||
| 3 | Lead | Jan 2021 | ||
| 3 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2022 | ||
| 2 | Participant | Nov 2022 | ||
| 2 | Lead | Nov 2022 | ||
| 2 | Participant | Jan 2021 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Jan 2021 | ||
| 2 | Participant | Nov 2022 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Dec 2024 | ||
This data is available for Pro users. Sign up to see all 17 AMP investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAMP Competitors
AMP competitors include listed companies like Shenzhen Sunwin and Fixstars, and private ones like Perfumeo, Petmate, iXiandou and Deeproute.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $450M | - | ||
| Private | - | - | $420M | - | ||
| Private | - | - | $332M | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $20M | ($147M) | $687M | - | ||
| Publicly listed | $62M | $18M | $456M | 5.9x |
AMP Public Comps
AMP is still privately-owned, but its public comps include Enviri, Yuil Robotics, Ion Exchange (India), Porvair, Unisound Ai Technology, Intelligo Technology, Gemtek Technology, CE Info Systems, Ependion and People & Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $33M | 0.6x | - | 24.0x | - | |||
| $27M | ($16M) | 21.9x | - | (35.8x) | - | |||
| $302M | $27M | 1.9x | - | 21.2x | - | |||
| $260M | $43M | 2.1x | 1.9x | 12.4x | 11.7x | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $50M | $20M | 8.4x | 8.4x | 20.8x | - | |||
| $518M | $17M | 0.9x | - | 26.8x | - | |||
| $49M | $20M | 9.6x | 8.7x | 23.3x | 23.5x | |||
This data is available for Pro users. Sign up to see all AMP competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AMP
| When was AMP founded? | AMP was founded in 2015. |
| Where is AMP headquartered? | AMP is headquartered in Louisville, KY, United States. |
| Is AMP publicly listed? | No, AMP is a private, VC-backed company. |
| What is AMP's valuation? | AMP was last valued at $571M in its Series C in November 2022. |
| How much funding has AMP raised? | AMP has raised $264M across 7 funding rounds. |
| What was AMP's last funding round? | AMP's last funding round was a $91M Series D in December 2024, led by Congruent Ventures. |
| Who are AMP's investors? | AMP's investors include Sequoia Capital, Congruent Ventures, XN, Sidewalk Infrastructure Partners, Range Ventures, Tao Capital Partners, Wellington Management, GV, Closed Loop Partners, Valor Equity Partners and 7 others. |
| Which companies are comparable to AMP? | Companies comparable to AMP include Perfumeo, Petmate, iXiandou, Deeproute, Shenzhen Sunwin and Fixstars. |
See companies similar to AMP
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