Announced
Completed
Financials
Tags
Computer Hardware
Private Equity
Single Bidder
Friendly
United States
robotics
Acquisition
Domestic
Private
Minority
Completed
Venture Capital
Synopsis
Congruent Ventures, a venture capital company, and Wellington Management, a private investment management company, led a $91m Series C round in AMP Robotics, a pioneer in artificial intelligence, robotics, with participation from Blue Earth Capital, Sidewalk Infrastructure Partners, Tao Capital Partners, XN, Sequoia Capital, GV, Range Ventures, Valor Equity Partners and Microsoft Climate Innovation Fund. “We’ve been fortunate to attract world-class investors based on the proven viability of our AI platform as a category-defining technology application for the waste industry, and we’re grateful for the investment from Microsoft’s Climate Innovation Fund. With its deep expertise and innovation in AI and broad involvement in climate, Microsoft brings an unmatched perspective to our work here at AMP. This new funding will further our efforts to improve the economics and efficiency of recycling and transform our industrialized global economy into a more circular one,” Matanya Horowitz, AMP Robotics Founder and CEO.
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