Geek+ has raised $100 million in Sequence E1 funding. The corporate’s final funding spherical closed in early 2021 however was beforehand undisclosed. Now, the corporate is valued at over $2 billion.
Collaborating within the Sequence E funding spherical have been Intel Capital, Vertex Development, and Qingyue Capital Funding. Geek+ plans to make use of the contemporary funding to additional develop within the international market and put money into analysis and improvement for its autonomous cellular robots (AMRs).
Geek+ is talking throughout our upcoming Mobile Robotics Week. Geek+ will probably be featured in a session on August 25 known as “Autonomous Mobile Robots: Scaling from Pilots to Fleets.” The session will focus on crucial AMR scaling challenges and options, together with integration with current infrastructure, interoperation with current automation processes, fleet administration, security, safety, and rather more.
The corporate not too long ago introduced it’s increasing its footprint in South America with a brand new strategic partnership with Körber Supply Chain. The partnership will assist the businesses present robotics to purchasers in Brazil and all of South America.
Geek+ affords a line of AMRs and software program for logistics operations. Its AMRs embrace its P Sequence Choosing Robots, its S Sequence Sorting Robots, its RS Sequence Robots, its M Sequence Shifting Robotic, its F Sequence Forklift Robots and its A Sequence Collaborative Choosing Robots. Its robots are outfitted with cameras, LiDAR and security sensors that work with deep studying algorithms to securely navigate warehouses.
“Because the chief within the international autonomous cellular robots business, Geek+ has developed in-depth technological cooperation with Intel and is one in every of Intel’s benchmark companions within the discipline of robotics and robot-based options,” Tianlin Wang, managing director at Intel Capital, stated. “By this funding, we’ll deepen the connection between our two corporations and work collectively to create options that mix cloud, edge, and autonomous cellular robotic applied sciences to drive international sensible logistics innovation and infrastructure modernization.”
Geek+ introduced in $150 million in income in 2021 and $300 million in orders, in line with the corporate. Geek+ reported that its order quantity greater than doubled within the first six months of 2022 in comparison with the identical interval in 2021.
“Due to the profitable implementation of our international enterprise technique, the transformative worth of our merchandise, and the surge of the sensible logistics market, Geek+ is well-positioned to additional seize the outsized progress alternatives,” Yong Zheng, founder and CEO of Geek+, stated. “Geek+ has handed the stage of merely pursuing scale and is now transferring in direction of the stage of business success with profitability and optimistic money circulate.”