China's Geek+ closes Intel-backed $100m Series E1 round at over $2b valuation

China's Geek+ closes Intel-backed $100m Series E1 round at over $2b valuation

Source: Geek+

Geek+, a China-based developer of autonomous mobile robots (AMRs) for intelligent logistics, has secured $100 million in a Series E1 round of financing, bringing the company’s valuation to over $2 billion.

Beijing-based Geek+ raised the new round from investors including Intel Capital, the venture arm of chipmaker Intel Corp, Singapore’s Vertex Growth, and Qingyue Capital Investment, the startup announced on Monday.

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