On March 27, 2024, the Pittsburgh, Pennsylvania, USA-based provider of computer vision and artificial intelligence warehouse inventory monitoring solutions Gather AI announced that it raised $17 million in Series A-1 funding. The round was led by Bain Capital Ventures, with participation from Tribeca Venture Partners, Dundee Venture Capital, Expa, and Bling Capital.
The company intends to use the funds to scale its operations and continue to expand its business reach.
Gather AI was founded in 2017 by Carnegie Mellon University alumni Dr. Sankalp Arora, Dr. Daniel Maturana, and Geetesh Dubey, and it automatically solves inventory visibility challenges through autonomous drones across third-party logistics, manufacturing, and retail facilities. With the Gather AI solution, AI software enables drones to fly autonomously in warehouses and can infer barcodes, text, empty locations, and other inventory-related information in images, automatically comparing them with information in the warehouse management system (WMS). Warehouse managers can then view inventory data in real time from a web dashboard.
(Source:BusinessWire）