Banking & Finance  November 13, 2019

Louisville Robotics company raises $14.65M

LOUISVILLE — AMP Robotics Inc. raised nearly $15 million this week, almost five times more than its entire previous fundraising haul. 

The Louisville company raised just under $14.65 million out of its overall $16.94 million goal via equity and options sales, according to filings with the U.S. Securities and Exchange Commission Wednesday afternoon.

AMP builds robotic arms and computer vision software to automatically identify and separate recyclable materials from a larger trash stream.

The company previously raised a total of $3.5 million, according to data compiled by Crunchbase.

Ken Amundson retired from his position as managing editor of BizWest in May 2024 but has come back on a limited basis to report business news in Northern Colorado and the Boulder Valley. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes north of Denver. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.

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