Geek+ Completes $150 Million Series B Funding Round
Geek+, an artificial intelligence and robotics company, has closed a $150 million Series B financing round, according to a Nov. 21 press release. Global private equity firm Warburg Pincus led the round.
Geek+ was founded in 2015. It integrates, robotics, AI, big data, cloud computing and IoT technologies to provide intelligent robotics and one-stop supply chain services. To date, the company has delivered more than 5,000 robots and implemented more than 100 robotics warehouse projects to customers globally.
Warburg Pincus has committed about $100 million in the company through a series of investments since 2017. Other shareholders include Volcanics Venture and Vertex Ventures.
“The investment by Warburg Pincus and other shareholders fully demonstrates their recognition of Geek+’s development and their confidence in Geek+’s future prospects,” Geek+ founder and CEO Yong Zheng said. “This round of financing will further strengthen Geek+’s continued investments in innovative products and solutions, global distribution network and customer service.”
