Gather AI, a Pittsburgh, PA-based provider of computer vision and AI-powered warehouse inventory monitoring solutions, raised $17 million in Series A-1 funding, bringing its total raised to $34 million.
The round was led by Bain Capital Ventures with participation from Tribeca Venture Partners, Dundee Venture Capital, Expa, and Bling Capital.
Gather AI Use of Funds
The new funding will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.
About Gather AI
Founded in 2017 by Sankalp Arora, Daniel Maturana, and Geetesh Dubey, Gather AI is a warehouse automation company that has created a drone-powered inventory monitoring solution. The company automates inventory visibility challenges through autonomous drones across third-party logistics, manufacturing, and retail facilities. Their solution currently deployed in warehouses across third-party logistics, retail distribution, manufacturing, food & beverage, and air cargo at companies. Its customers include NFI, GEODIS, DSV, Barrett Distribution, Specialty Foods (KeHE), and more.
Funding Details
Company: Gather AI, Inc.
Raised: $17.0M
Round: Series A1
Funding Month: March 2024
Lead Investors: Bain Capital Ventures
Additional Investors: Tribeca Venture Partners, Dundee Venture Capital, Expa, Bling Capital
Company Website: https://www.gather.ai/
Software Category: Warehouse Automation
Source: https://www.businesswire.com/news/home/20240327987037/en/