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Alibaba's favorite 'warehouse robot' maker, Geek+ raises funds

The company raised $14 million led by Vertex Ventures, reports Tech In Asia

Steven Millward | Tech In Asia 

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has been the world’s number one buyer of industrial since 2013, and last year surpassed Japan’s total of operating And as the country battles rising wages, the automation trend is only going to accelerate.

But it’s not just manufacturers – like maker – that are turning to robotics. So are online shopping

That’s why is emulating in putting more into the logistics warehouses it runs with several Chinese delivery firms. For that’ll fetch and carry stacks of goods, Jack Ma’s behemoth, through its Cainiao spin-off, turns to a local startup named Geek+. It makes these:

That small team, put together in 2015, has just secured US$22 million in series A+ funding to help it grow amid China’s robotics boom, reports Money Network today. is its biggest name client.

Geek+’s automated pods look like those from Kiva, the American startup snapped up by for US$775 million in 2012. Now it’s a unit of Jeff Bezos’ company called Robotics.

The larger Geek+ bot can transport 1,000kg, while the smaller one scoots up to 100kg. They’re designed for any warehouse or factory where bits and pieces need to be moved to be accessed by human workers.

The startup says it has over 300 already in commercial use across

Alibaba's favorite, 'warehouse robot' raise funds

 
Its fresh $14 million round was led by Vertex Ventures, a spin-off from Singapore’s state-owned sovereign wealth fund, Volcanics Ventures and Banyan Capital also contributed.

Approximately 70 percent of China’s bots were produced by overseas firms. So Geek+ is also helping push forward China’s drive to challenge the US, Japan, and Germany as a leading maker of industrial


The article was published on Tech In Asia. You can read the full article here
 

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Alibaba's favorite 'warehouse robot' maker, Geek+ raises funds

The company raised $14 million led by Vertex Ventures, reports Tech In Asia

The company raised $14 million led by Vertex Ventures, reports Tech In Asia
has been the world’s number one buyer of industrial since 2013, and last year surpassed Japan’s total of operating And as the country battles rising wages, the automation trend is only going to accelerate.

But it’s not just manufacturers – like maker – that are turning to robotics. So are online shopping

That’s why is emulating in putting more into the logistics warehouses it runs with several Chinese delivery firms. For that’ll fetch and carry stacks of goods, Jack Ma’s behemoth, through its Cainiao spin-off, turns to a local startup named Geek+. It makes these:

That small team, put together in 2015, has just secured US$22 million in series A+ funding to help it grow amid China’s robotics boom, reports Money Network today. is its biggest name client.

Geek+’s automated pods look like those from Kiva, the American startup snapped up by for US$775 million in 2012. Now it’s a unit of Jeff Bezos’ company called Robotics.

The larger Geek+ bot can transport 1,000kg, while the smaller one scoots up to 100kg. They’re designed for any warehouse or factory where bits and pieces need to be moved to be accessed by human workers.

The startup says it has over 300 already in commercial use across

Alibaba's favorite, 'warehouse robot' raise funds

 
Its fresh $14 million round was led by Vertex Ventures, a spin-off from Singapore’s state-owned sovereign wealth fund, Volcanics Ventures and Banyan Capital also contributed.

Approximately 70 percent of China’s bots were produced by overseas firms. So Geek+ is also helping push forward China’s drive to challenge the US, Japan, and Germany as a leading maker of industrial


The article was published on Tech In Asia. You can read the full article here
 

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Business Standard
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Alibaba's favorite 'warehouse robot' maker, Geek+ raises funds

The company raised $14 million led by Vertex Ventures, reports Tech In Asia

has been the world’s number one buyer of industrial since 2013, and last year surpassed Japan’s total of operating And as the country battles rising wages, the automation trend is only going to accelerate.

But it’s not just manufacturers – like maker – that are turning to robotics. So are online shopping

That’s why is emulating in putting more into the logistics warehouses it runs with several Chinese delivery firms. For that’ll fetch and carry stacks of goods, Jack Ma’s behemoth, through its Cainiao spin-off, turns to a local startup named Geek+. It makes these:

That small team, put together in 2015, has just secured US$22 million in series A+ funding to help it grow amid China’s robotics boom, reports Money Network today. is its biggest name client.

Geek+’s automated pods look like those from Kiva, the American startup snapped up by for US$775 million in 2012. Now it’s a unit of Jeff Bezos’ company called Robotics.

The larger Geek+ bot can transport 1,000kg, while the smaller one scoots up to 100kg. They’re designed for any warehouse or factory where bits and pieces need to be moved to be accessed by human workers.

The startup says it has over 300 already in commercial use across

Alibaba's favorite, 'warehouse robot' raise funds

 
Its fresh $14 million round was led by Vertex Ventures, a spin-off from Singapore’s state-owned sovereign wealth fund, Volcanics Ventures and Banyan Capital also contributed.

Approximately 70 percent of China’s bots were produced by overseas firms. So Geek+ is also helping push forward China’s drive to challenge the US, Japan, and Germany as a leading maker of industrial


The article was published on Tech In Asia. You can read the full article here
 

image
Business Standard
177 22