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Chinese Startup Geek+ Raises $150M In Warehouse Robotics Race - Nikkei Asian Review

by asia.nikkei.com posted 6days ago 9 views
NEW YORK -- Beijing-based logistics robotics startup Geek+ has raised $150 million in its Series C1 financing as it looks to bring automation to warehouses worldwide, the company said Wednesday. Founded in 2015, Geek+ produces robots that can sort and transport goods at warehouses, while navigating a massive number of stock keeping units, which are codes used to track inventories and sales. Such tasks have become a headache for retailers facing the growing diversity of products in their inventory in the e-commerce age.

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