GV and Sidewalk Infrastructure Partners contributed to a $55m round that will support the recycling robot maker's expansion plans.
US-based waste recycling robot producer AMP Robotics secured $55m on Monday in a series B round featuring GV, a corporate venture capital subsidiary of internet and technology group Alphabet.
Hedge fund XN led the round, which included the Alphabet-backed Sidewalk Infrastructure Partners (SIP), University of California’s Congruent Ventures fund, Valor Equity Partners, Sequoia Capital and Closed Loop Partners.
Formerly known as Cognitive Robotics, AMP was founded in 2015 and produces robotics systems that can automatically identify and sort recyclable waste.
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