recycling system
AMP Robotics Raises $91 Million in Series C Financing
AMP Robotics Corp. ("AMP"), a pioneer in artificial intelligence (AI), robotics, and infrastructure for the waste and recycling industry, has raised $91 million in corporate equity in a Series C financing, led by Congruent Ventures and Wellington Management as well as new and existing investors including Blue Earth Capital, Sidewalk Infrastructure Partners (SIP), Tao Capital Partners, XN, Sequoia Capital, GV, Range Ventures, and Valor Equity Partners. This new round of funding follows a $55 million Series B financing led by XN in January 2021. "Our focus from the outset has been our application of AI-powered automation to economically and sustainably improve our global recycling system" "Advancements in robotics and automation are accelerating the transformation of traditional infrastructure, and AMP is seeking to reshape the waste and recycling industries," said Michael DeLucia, sector lead for Climate Investing, Wellington Management. "By bringing digital intelligence to the recycling industry, AMP can sort waste streams and extract additional value beyond what is otherwise possible." AMP will use the latest funding to scale its business operations while continuing its international expansion.
EPA Kicks Off America Recycles Week with Second Annual Innovation Fair
This week, the U.S. Environmental Protection Agency (EPA) celebrates America Recycles Week by hosting two days of free, virtual events that focus on creating a more robust and sustainable recycling system in the U.S. and abroad. Today, the America Recycles: Innovation Fair will feature more than 40 innovators from across the recycling system via virtual exhibit halls demonstrating their state-of-the-art products, services, outreach, and technologies. They are advancing the recycling system through strategies such as: deploying artificial intelligence robots to enhance operations at recycling facilities; using hard-to-recycle plastics in 3D printing materials; installing small system sorting units in stadiums and small communities; creating new construction materials from hard-to-recycle plastics; and using automated technology and recycled glass bottles to create new glassware. "EPA is proud to showcase top recycling innovators at the virtual Innovation Fair today," said EPA Administrator Andrew Wheeler. "Tomorrow's America Recycles Summit will include EPA's announcement of the first National Recycling Goal, which will prompt a whole new level of dialogue among stakeholders on how to improve our domestic recycling infrastructure."
AI recycle bins could know what you're throwing away
Is that coffee cup recyclable or compostable? It can be tough to tell, for sure, but a new recycling system from Cambridge Consultants aims to help using image recognition and machine learning. With low recycle rates in the US and UK, possibly due to consumer confusion over what's possible to recycle, this new retail-focused recycle point could help us all know what to recycle and what to trash. The company envisions a future where you'll even be rewarded via a phone app with points or a donation to charity when you recycle this way. When you scan an object at one of these new bins, it should be able to recognize the type of waste deposited and tell you which section to place your item into.
These New Technologies Will Be Both Powerful and Planet Friendly
Did you know there is a 25% chance your cause of death will be due to environmental pollution? According the World Health Organization, some 12.6 million people--or nearly 1 in 4 worldwide--died in 2012 due to living or working in unhealthy conditions. In addition, environmental degradation seriously affects overall quality of life and the balance of Earth's ecosystems through loss of forests, open spaces, marine environments and biodiversity. While technological growth and industrialization historically contributed to such problems, the latest technologies--from robotics to artificial intelligence to biotechnology--will also help create healthier and greener industries benefiting both people and planet. While affordable electric and hybrid cars will help reduce pollution and use of fossil fuels, self-driving cars will make our whole transportation and logistics systems more efficient. Cars, trucks, ships, drones and jets that drive or pilot themselves and wirelessly communicate with each other can coordinate and optimize delivery of people and goods in ways requiring less energy.