Le Lézard
Classified in: Environment, Science and technology
Subjects: Product/Service, Award

AMP Robotics Named to Forbes AI 50


Forbes has named AMP Robotics Corp. ("AMP"), a pioneer and leader in artificial intelligence (AI) and robotics for the recycling industry, one of America's most promising AI companies. The publication's annual "AI 50" list distinguishes private, U.S.-based companies that are wielding some subset of artificial intelligence in a meaningful way and demonstrating real business potential from doing so. To be included on the list, companies needed to show that techniques like machine learning, natural language processing, or computer vision are a core part of their business model and future success.

"Earlier this year, we notched a milestone of ?one billion picks' over 12 months that demonstrates the productivity, precision, and reliability of our AI application for the recycling industry. It's an honor to be deemed one of the country's most promising AI companies, and we're just getting started," said Matanya Horowitz, AMP founder and chief executive officer. "There's growing appreciation for the role of recycling in the domestic supply chain, in terms of keeping resources flowing and products on shelves, and resultant momentum around supportive policy initiatives that are putting some real wind in the sail for the industry. We're pleased to play a role in enabling better efficiency, safety, and transparency to help transform recycling."

AMP's technology recovers plastics, cardboard, paper, metals, cartons, cups, and many other recyclables that are reclaimed for raw material processing. AMP's AI platform uses computer vision to visually identify different types of materials with high accuracy, then guides high-speed robots to pick out and recover recyclables at superhuman speeds for extended periods of time. The AI platform transforms images into data to recognize patterns, using machine learning to train itself by processing millions of material images within an ever-expanding neural network of robotic installations.

"We consider AMP a category-defining business and believe its artificial intelligence and robotics technology are poised to solve many of the central challenges of recycling," said Shaun Maguire, partner at Sequoia Capital and AMP board member. "The opportunity for modernization in the industry is robust as the demand for recycled materials continues to swell, from consumers and the growing circular economy."

AMP's "AI 50" recognition comes on the heels of receiving a 2020 RBR50 Innovation Award from Robotics Business Review for the company's Cortex Dual-Robot System. Earlier this year, Fast Company named AMP to its "World's Most Innovative Companies" list for 2020, and the company captured a "Rising Star" Company of the Year Award in the 2020 Global Cleantech 100.

Since its Series A fundraising in November, AMP has been on a major growth trajectory as it scales its business to meet demand. The company announced a 50% increase in revenue in the first quarter of 2020, a rapidly growing project pipeline, a facility expansion in its Colorado headquarters, and a new lease program that makes its AI and robotics technology even more attainable for recycling businesses.

About AMP Roboticstm Corp.

AMP Robotics is applying AI and robotics to help modernize recycling, enabling a world without waste. The AMP Cortextm high-speed robotics system automates the identification and sorting of recyclables from mixed material streams. The AMP Neurontm AI platform continuously trains itself by recognizing different colors, textures, shapes, sizes, patterns, and even brand labels to identify materials and their recyclability. Neuron then guides robots to pick and place the material to be recycled. Designed to run 24/7, all of this happens at superhuman speed with extremely high accuracy. With deployments across the United States, Canada, Japan, and now expanding into Europe, AMP's technology recycles municipal waste, e-waste, and construction and demolition debris. Headquartered and with manufacturing operations in Colorado, AMP is backed by Sequoia Capital, Closed Loop Partners, Congruent Ventures, and Sidewalk Infrastructure Partners ("SIP"), an Alphabet Inc. (NASDAQ: GOOGL) company.


These press releases may also interest you

at 03:00
Jacobs is deploying a new type of Raman spectroscopy technology, which makes it safer and cheaper to spot radioactive contamination or other hazardous substances in waste stores and nuclear facilities undergoing decommissioning....

10 aoû 2020
World-leading recycling company RecycleGO has partnered with DeepDive Technology Group to bring trust, transparency and better decision-making to the recycling supply chain business using blockchain technology.  The need for innovative recycling...

10 aoû 2020
Jiangsu Seraphim Solar System Co., Ltd. ("Seraphim"), one of the world's leading solar product manufacturers, entered into a 150 MW photovoltaic modules supply agreement with Raystech Group ("Raystech"), at the SNEC PV POWER EXPO 2020 in Shanghai....

10 aoû 2020
The Regenerative Organic Alliance (ROA), a group of experts in farming, ranching, soil health, animal welfare, and fair trade, is proud to announce that the Regenerative Organic Certifiedtm (ROCtm) certification standard for food, fiber, and personal...

10 aoû 2020
DuPont Photovoltaic Solutions (DuPont) showcases a broad portfolio of innovative materials as well as customer collaborations at the 2020 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition, booth W4-555, in Shanghai, China....

10 aoû 2020
Pinnacle Renewable Energy ("Pinnacle" or the "Company") today reported record revenues of $132.2 million in Q2 2020, $28.1 million or 27% higher than Q2 2019 revenues of $104.2 million and $21.5 million or 19% above the previous record of $110.7...



News published on 10 july 2020 at 16:30 and distributed by: