- Alphabet spinoff Sidewalk Infrastructure Partners (SIP) has raised $400 million in Series A funding
Sidewalk Infrastructure Partners (SIP) has raised $400 million in Series A funding, according to Fortune. The company has a goal of “future-proofing” infrastructure. Some of the company’s investors include Alphabet and Ontario Teachers Pension Plan.
Sidewalk Infrastructure Partners launched last August and it is a holding company with 15 employees — which is a spinoff of Alphabet’s Sidewalk Labs. And Sidewalk Infrastructure Partners (SIP) is headed up by co-chief executive officers Jonathan Winer and Brian D. Barlow.
The goal of the company is to own, operate, and invest in mobility, energy, water, and digital infrastructure projects. After tapping into these projects, the company will convene investors, policymakers, and academics to work on those projects from different perspectives. From there, capital will be deployed on solutions.
One of the investments that the company made so far is in a company called AMP Robotics. AMP Robotics creates robotics that sorts recyclables at a much lower cost.
