Robots Are Where It's At Lately In China Venture Funding

Robots are where it's at lately with funding, especially so in China. Vertex Ventures China has led a $14 million financing of a Chinese warehouse and logistics robot, Geek . Prior investors Banyan Capital and Shanghai Volcanic Stone Capital participated in the funding. Meanwhile, a Shenzhen-based education and robotics startup, Makeblock, raised $30 million in a Series B round from Shenzhen Capital Group and Evolution Media China. Makeblock, essentially a robot-building kit for kids, has drawn $36 million in funding and is gearing up for expansion into new markets and education hardware.