Global advanced robotics provider Geek+ has reportedly announced the closure of its Series C funding round, through which it has raised an amount of over $200 million during the initial months of 2020. This has been the company’s largest fund-raising initiative till date after the $150 million Series-B funding round held in 2018.
For the uninitiated, Geek+ is an AMR company founded in 2015 and provides solutions for developing a range of logistics robots comprising all robotics categories for use in warehousing as well as factory environments. The company utilizes AI and advanced robotic technologies for the creation of flexible and reliable logistics robotic solutions that improve business efficiency via intelligent transformation of the customer’s supply chain.
According to the Founder and CEO of Geek+, Yong Zheng, the company is thankful to its investors for showing confidence in its vision, strategy, and broad commercial product applications. He has also highlighted that the company’s robotic solutions have ensured real and visible business returns for almost 300 companies across the world. Geek+ feels proud of its achievements and is highly confident in its persistent growth, innovation, and commercial applications, added Zheng.
Geek+ focuses on its CARE strategy which aims at providing concrete and long-term value to its clients through the deployment of efficient and scalable solutions. The company further aims to develop innovative AI applications for robotics and logistics software by making its Robot-as-a-Service business model more accessible. The AMR provider believes in fostering relationships with logistics ecosystem and technology partners that intend to lead the evolving digital supply chain.
As per sources, Geek+ is known as the world’s largest AMR provider and has successfully deployed over 10,000 robots at the global level. The company has a wide clientele of 300 customers comprising Fortune 500 companies in the areas of apparel, manufacturing, retail, automotive, pharmaceutical, and 3PL. Geek+ has been the recipient of RBR50 innovation award for two successive years in 2019 and 2020.