Gather AI, a Pittsburgh, PA-based provider of computer vision and AI-powered warehouse inventory monitoring solutions, raised $17M in Series A-1 in 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 operations and continue to expand its business reach.
Founded in 2017 by Carnegie Mellon University alumni Sankalp Arora, Ph.D., Daniel Maturana, Ph.D., and Geetesh Dubey, Gather AI automates 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 through warehouses. Additional AI infers bar codes, text, empty locations, and other inventory-related information in the images, automatically comparing them with what’s in the warehouse management system (WMS). The warehouse manager can then view inventory data in real time from a web dashboard. The solution is currently deployed in warehouses across third-party logistics, retail distribution, manufacturing, food & beverage, and air cargo at companies including GEODIS, NFI Industries, Barrett Distribution, Army & Air Force Exchange Service (AAFES), DPI Speciality Foods (KeHE), and more.
FinSMEs
27/03/2024