Geek+ Raises $100 Million To Automate Warehouse Operation With Robotics And AI
Geek+, company for the automation of warehouse logistics with robotics and AI, has raised a total of $100 million in a series E funding round.
Created on August 8|Last edited on August 8
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Warehouse and supply chain management is an extremely tough puzzle to deal with. Constant movement, huge databases, and products with destinations all over the place means that the vast majority of companies in the sector rely on automated platforms to support their business.
Geek+'s platform, with autonomous robots and a variety of large-scale management software working together, all driven by AI of course, cover just about everything a warehousing company would need to manage the logistics of their business. Carrying robots, picking robots, forklift robots, and more all detect their surroundings and adapt appropriately with deep learning algorithms while being driven and directed efficiently by software management systems.
Who's funding Geek+ and where's the money going?
Geek+ has announced the completion of a Series E funding round today totaling $100 million. This big sum was provided by just 3 investors, Intel Capital, Vertex Growth Fund, and Qingyue Capital Investment.
They intend to use the money for continued company growth in the global market while further investing in the research and development of their platform, from the robots themselves to the software and AI models driving them.
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