UC-backed Congruent Ventures has contributed to a $55m round that will support the recycling robot maker's expansion plans.
AMP Robotics, a US-based waste recycling robot producer, secured $55m on Monday in a series B round featuring Congruent Ventures, the venture capital fund backed by University of California.
Hedge fund XN led the round, which included GV, a corporate venture capital subsidiary of internet and technology group Alphabet, as well as Alphabet-backed Sidewalk Infrastructure Partners (SIP).
Valor Equity Partners, Sequoia Capital and Closed Loop Partners filled out the round.
Formerly known as Cognitive Robotics, AMP…
