AMP, a Louisville-based company specializing in AI-powered sortation for the waste and recycling industry, has successfully secured $91 million in Series D funding. The funding round was led by Congruent Ventures and included participation from existing and new investors such as Sequoia Capital, XN and others.
The company plans to use the funding to accelerate the deployment of its AMP ONE systems, designed to sort municipal solid waste and single-stream recycling at scale. AMP ONE employs AI-powered sortation technology that characterizes materials in real-time and uses high-volume air-jet sortation to minimize manual sorting. This system processes millions of material images to identify recyclables and contaminants, helping enhance commodity recovery and improve the cost-effectiveness and safety of recycling operations.
“Recycling rates have stagnated in the United States, despite the positive benefits recycling offers local economies and the environment,” Matanya Horowitz, founder of AMP, said in a statement. “This latest investment enables us to tackle larger projects and deliver real outcomes for waste companies and municipalities – by lowering sortation costs, capturing more material value, diverting organic waste and extending landfill life – all while helping the industry optimize its strategic assets.”
