Geek+, a Beijing, China-based AI & Robotics company, completed a $150m Series B financing.
The round was led by Warburg Pincus.
The company intends to use the funds to further invest in innovative products and solutions, global distribution network, and customer service.
Founded in 2015 by Mr. Yong Zheng, CEO, Geek+ is an AI & Robotics company that integrates Robotics, AI, Big Data, Cloud Computing, and IoT technologies to provide intelligent robotics solutions and supply chain services. The company’s AI-enabled logistics solutions include “cargo-to-man” picking system, intelligent moving system, intelligent sorting system, and automated forklift, to cover the entire process of warehousing, logistics and manufacturing.
To date, Geek+ has delivered more than 5,000 robots and implemented over 100 robotics warehouse projects to customers globally, including mainland China, Hong Kong, Taiwan, Japan, Australia, Singapore, Europe, and the United States. The company has also formed strategic partnerships with many leading multinational companies in various industries, such as e-commerce, logistics, automotive, fast fashion, and pharmaceuticals.
Geek+ is also backed by Volcanics Venture and Vertex Ventures.