BEIJING — Geek+ Inc., which provides robots for supply chain operations, yesterday said that it had raised $150 million in Series C1 funding. China Taihecap served as exclusive financial advisor in the transaction. The Chinese company was founded in 2015, and it entered the competitive U.S. market last year. The international interest and investment demonstrates both the promise and challenges facing robotics developers trying to serve logistics demand.

Geek+ (also known as Beijing Geekplus Technology and Geek Plus Robotics) sells robots for picking, moving, sorting, and storage and retrieval of goods. They include its Robot Shuttle System and a self-driving forklift. It demonstrated the latest models of its P800 autonomous mobile robot and C200 shuttle system at ProMat 2019. Last month, Geek+ announced MiniSort, a modular sortation system.

In 2017, Geek+ raised $61.5 million. In November 2018, Warburg Pincus LLC led the company’s $150 million Series B round, which it claimed was the largest to date for AI-enabled logistics robots. The Robot Report noted that Geek+ was among the top-funded robotics companies of 2018.

The Series C1 round was led by GGV Capital, with participation from Warburg Pincus and D1 Capital Partners, according to Crunchbase.