Amplio, an innovative AI company dedicated to revolutionizing how enterprise manufacturers manage their surplus inventory, has recently announced it raised $11.1 million in a Series A funding round. This funding round was led by prominent investors Hitachi Ventures and Yamaha Motor Ventures, with crucial participation from existing backers such as Construct Capital, Slow Ventures, Alpaca VC, and High Alpha Capital.
The newly acquired funds will be strategically utilized to enhance Amplio’s go-to-market operations, enabling the company to reach a broader audience and establish partnerships with an expanded range of manufacturers. Additionally, a portion of the funding will be directed towards deepening investments in the development of agentic systems, which are integral to refining and improving the functionality of Amplio’s platform. The company plans to expand its services into new surplus categories, including rolling stock, raw materials, and finished goods, thereby positioning itself as a comprehensive solution for manufacturers’ surplus management needs.
At the core of Amplio’s offering are its AI-powered agents, designed specifically to address the complexities and challenges that come with managing industrial equipment surplus. The platform excels at automatically analyzing vast inventories, enabling it to efficiently identify redeployment opportunities across various facilities.
In instances where redeployment is not a viable option, Amplio’s intelligent agents carry out precise appraisals of the inventory at the SKU level, determining the appropriate resale value. These items are then listed on Amplio’s exclusive private marketplace, which has gained a reputation as a trusted environment, attracting serious and vetted industrial buyers. Customers of Amplio have reported remarkable value recovery rates that are up to five times the industry standard, highlighting the effectiveness of the platform.
Through this approach, Amplio is not only helping manufacturers optimize their surplus management strategies but also encouraging a shift away from the traditional model of purchasing new equipment and sending unused items to landfills. This approach aligns with broader sustainability goals, as Amplio makes circular economy practices more competitive and appealing.
So far, the platform has successfully diverted thousands of tons of surplus equipment from ending up in landfills, while also returning millions of dollars in resale value to prominent clients, including Georgia-Pacific, NCR Voyix, and Holland America. By championing the interests of both manufacturers and the environment, Amplio is solidifying its role as a leader in promoting sustainable business practices within the manufacturing sector.
KEY QUOTES:
“We believe the future of manufacturing is intelligent, circular, and AI-native. By surfacing and realizing the value of stagnant surplus, Amplio is here to make that future real.”
Trey Closson, the company’s CEO and co-founder
“Agentic AI is poised to transform global supply chain operations fundamentally. AI agents are capable of constantly monitoring operations, detecting major opportunities for optimization, predicting and mitigating disruptions. However, with disparate system interfaces and fragmented data, building AI Agents to help enterprises more efficiently manage their surplus assets is hard, and the stakes are high. Amplio built agentic systems that reason within these environments and continuously improve their performance.”
Taha Zinifi, co-founder and Chief Product Officer at Amplio
“The Amplio team deployed its deep domain experience and technical expertise to develop a proof of concept for circularity to be both scalable and profitable. Hitachi Ventures is excited to support Amplio’s efforts to address the large-scale economic and environmental challenges presented by the real-world problem of industrial inventory surplus.”
Pete Bastien, Partner at Hitachi Ventures
