These Robots Are Using Artificial Intelligence To Sort Your Recycling | Forbes

These Robots Are Using Artificial Intelligence To Sort Your Recycling | Forbes

They are coming—for your trash. Sorting through 67 million tons of glass, plastic and paper is dirty, low-paid, mind-numbing work. Matanya Horowitz’s AMP Robotics wants to take humans off the job.

Even before Covid-19 struck, AMP Robotics was starting to gain traction. But as boxes from home deliveries piled up at recycling centers and hiring—already a tough proposition—got even tougher as workers feared getting ill, AMP’s business boomed. “It’s repetitive and not ergonomic, and you are surrounded by unsanitary stuff like hypodermic needles,” says AMP founder and CEO Matanya Horowitz. “With Covid on top of that, people are saying, ‘Do I really want to put my hands in this material that maybe came from an infected person’s house?’”

AMP, which is based in Louisville, Colorado, has sold or leased 100 of its AI-powered robots since 2017 to more than 40 recycling facilities in North America, Europe and Japan. They’re not cheap, at a cost of up to $300,000 (or around $6,000 a month to lease), but those recycling centers are betting that the hefty capital expense will pay off with lower employment costs and higher efficiency. Forbes estimates that AMP’s revenue this year will reach $20 million, double its $10 million for 2019. And there’s lots of room for growth: Recycling is a $6.2 billion (revenue) market in the U.S., and while the overall market has been growing at less than 2% a year (and declined this year due to Covid-19), facilities are trying to figure out how to get more out of their waste, the majority of which still ends up in landfills.

Thanks to both its technological promise and fast growth, AMP was featured on both Forbes’ AI 50 list of artificial intelligence companies to watch and the Survivors and Thrivers list of 25 small business standouts that outperformed during the pandemic. While Horowitz, who has a Ph.D. in robotics from Caltech, bootstrapped the business to start, AMP has now raised $23 million in venture funding. Forbes estimates it reached a $100 million valuation with its latest round, in November 2019, led by top VC firm Sequoia.

Read the full profile on Forbes: https://www.forbes.com/sites/kenrickcai/2020/11/12/rise-of-the-recycling-robots/?sh=2e30c7ac65f9

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12 Comments

  1. Brian Iten on March 20, 2022 at 5:50 pm

    Very interestig. AI is slowly changing the world!!!!

  2. Never Lose Forex FX n CRYPTO on March 20, 2022 at 6:03 pm

    You will be SUPER RICH in DECEMBER 2020 like this if you agree

  3. Fermin Morales on March 20, 2022 at 6:04 pm

    Interesting subject, unfortunately reported in drab manner…

  4. Kathleen on March 20, 2022 at 6:10 pm

    Quieter machinery would be really beneficial , using organic to heat homes and condos and apartment building . Fertilize gardens

  5. Gig Pros on March 20, 2022 at 6:11 pm

    Like

  6. Raghul 007 on March 20, 2022 at 6:13 pm

    Of course, robots use artificial intelligence! What do you expect, human intelligence ? Genius….

  7. Kathleen on March 20, 2022 at 6:15 pm

    Manufacturers need to redesign product packaging and shipping containers to use less plastic or recycle it

  8. Aidar Khabibullin on March 20, 2022 at 6:17 pm

    IMHO more meaningful work than developing electric vehicles

  9. esakki raj on March 20, 2022 at 6:17 pm

    So… That’s true that 99% of jobs will be automated.

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  11. Сергей Обручков on March 20, 2022 at 6:21 pm

    3.02 so big pulsation of air system tubes on the left, it can be broke however… bad quality

  12. dismemberingcarcass on March 20, 2022 at 6:29 pm

    I had an idea for a startup like this but i guess they beat me to it

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