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AMP Robotics raised $91 million in Series C financing led by Congruent Ventures and Wellington Management to scale its AI and robotics for waste and recycling. The funding will enhance manufacturing capacity and support international expansion.
Bright Machines, a software-defined manufacturing automation company, has entered into a definitive merger agreement with SPAC SCVX. The transaction values Bright Machines at a pro forma enterprise value of $1.1 billion and is expected to provide up to $435 million in gross cash proceeds, including a $205 million PIPE.