Top startup news for today, Thursday, November 29 - TechStartups.com
Good morning! Here are some of the top technology startup news stories for today, Thursday, November 29. Chinese startup Geek+ raises $150 million in funding to launch its futuristic AI-enabled logistics robots. Geek+ , a Beijing, China-based AI & Robotics company, completed a $150 million Series B financing to further invest in innovative products and solutions, global distribution network, and customer service. The latest financing round was led by Warburg Pincus was led by Warburg Pincus, a private equity firm based in New York. To date, Geek+ has raised a total of about $240 million, raised over four rounds. Founded in 2015 by Yong Zheng, Geek+ is a pioneer of AI-enabled logistics robots for warehouses. It integrates Robotics, AI, Big Data, Cloud Computing, and IoT technologies to provide intelligent robotics solutions and supply chain services. The company’s AI-enabled logistics solutions include “cargo-to-man” picking system, intelligent moving system, intelligent sorting