Connect with us


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



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

Geek+, a Beijing-based startup that makes warehouse success robots just like these of Amazon’s Kiva, mentioned Thursday that it has closed over $200 million in a Series C funding spherical.

That bumps whole capital raised by the 5-year-old firm so far to just about $390 million. The new spherical, accomplished in two elements, was individually led by GGV Capital and D1 Capital Partners in the summertime of 2019, and V Fund earlier this 12 months. Other members included Warburg Pincus, Redview Capital and Vertex Ventures.

The firm mentioned it would proceed to develop robotics options tailor-made to logistics, ramp up its robot-as-a-service monetization mannequin, and develop partnerships.

Geek+ represents a rank of Chinese robotics answer suppliers which might be more and more interesting to shoppers all over the world. The startup itself boasts over 10,000 robots deployed worldwide, serving 300 prospects and tasks in over 20 nations.

Just final month, Geek+ introduced a partnership with Conveyco, an order success and distribution middle system integrator working in North America, to distribute its autonomous cell robots (ARMs) throughout the continent. Leading this a part of its enterprise is Mark Messina, the startup’s chief working officer for the Americas who beforehand labored at Amazon, the place he oversaw mechanical engineering for the Kiva robotics system.

Read More:  Microsoft’s Build keynote showcases the accessibility and awkwardness of online events

Geek+’s formidable transfer abroad got here amid steady strain from the Trump administration to boycott Chinese tech gamers. Back house, Geek+ has labored carefully with retail giants corresponding to Alibaba and Suning to switch human pickers in warehouses.

China’s Geek+ brings warehouse robots to US through Conveyco partnership

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *