[ Geek+ raises $60M in Series B ]

Geek+ has raised $60 million in Series B funding.

Founded in 2015, Geek+  provides one-stop intelligent logistics robot solutions enabled by artificial intelligence and robot technologies. Its solutions cover storage, order picking, material handling and parcel sorting.

The company will use the proceeds to accelerate the upgrading of its logistics robotics products and expand product offerings to cover more applications. It will also accelerate geographical expansion and industry coverage, as well as to start exploring overseas markets.

Funding  Series B
Founded  2015
Country  China
City  Beijing
Founder / CEO  Yong Zheng
Deal Size  $60M
Investors  Warburg Pincus
 Volcanics Venture
Previous Investors  Vertex Ventures
 Banyan Capital
 Volcanic Stone Capital