Published On: Sat, Jun 20th, 2020

Geek+, a Amazon Kiva of China, lands $200 million Series C

Geek+, a Beijing-based startup that creates room accomplishment robots identical to those of Amazon’s Kiva, pronounced Thursday that it has sealed over $200 million in a Series C appropriation round.

That bumps sum collateral lifted by a five-year-old association to date to scarcely $390 million. The new round, finished in dual parts, was alone led by GGV Capital and D1 Capital Partners in a summer of 2019, and V Fund progressing this year. Other participants enclosed Warburg Pincus, Redview Capital and Vertex Ventures.

The association pronounced it will continue to rise robotics solutions tailored to logistics, ramp adult a robot-as-a-service monetization indication and enhance partnerships.

Geek+ represents a arrange of Chinese robotics resolution providers that are increasingly appealing to clients around a world. The startup itself boasts some-more than 10,000 robots deployed worldwide, portion 300 business and projects in over 20 countries.

Just final month, Geek+ announced a partnership with Conveyco, an sequence accomplishment and placement core complement integrator handling in North America, to discharge a unconstrained mobile robots (ARMs) opposite a continent. Leading this partial of a business is Mark Messina, a startup’s arch handling officer for a Americas who formerly worked during Amazon, where he oversaw automatic engineering for a Kiva robotics system.

Geek+’s desirous pierce abroad came amid continual vigour from a Trump administration to protest Chinese tech players. Back home, Geek+ has worked closely with sell giants such as Alibaba and Suning to reinstate tellurian pickers in warehouses.

China’s Geek+ brings room robots to US around Conveyco partnership

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