Recycling robotics company AMP Robotics could raise up to $70 million sources say

AMP Robotics, the recycling robotics technology developer backed by investors including Sequoia Capital and Sidewalk Infrastructure Partners, is close to closing on as much as $70 million in new financing, according to multiple sources with knowledge of the company's plans. The new financing speaks to AMP Robotics' continued success in pilot projects and with new partnerships that are exponentially expanding the company's deployments. Earlier this month the company announced a new deal that represented its largest purchase order for its trash sorting and recycling robots. That order, for 24 machine learning-enabled robotic recycling systems with the waste handling company Waste Connections, was a showcase for the efficacy of the company's recycling technology. That comes on the back of a pilot program earlier in the year with one Toronto apartment complex, where the complex's tenants were able to opt into a program that would share recycling habits monitored by AMP Robotics with the building's renters in an effort to improve their recycling behavior.