TLDR:
- Gather AI raises $17 million in Series A-1 funding to scale up operations
- Uses autonomous drones to track products in warehouses and provide real-time inventory updates
The Squirrel Hill-based robotics company, Gather AI, has secured a $17 million Series A-1 raise to expand its operations. The company, founded in 2017, utilizes autonomous drones to track products in warehouses and offer real-time inventory updates. This technology has been described as the next ‘barcode’ that will revolutionize supply chains.
The latest funding round was led by Bain Capital Ventures with participation from other notable investors, recognizing Gather AI’s unique technology in the space. The company’s platform, which translates drone scans into valuable inventory information, has seen significant commercial adoption and rapid growth.
Gather AI’s technology was first deployed during the pandemic when global supply chain fragility became evident, leading to shortages of goods. This highlighted the need for new tools to modernize warehouse operations and keep up with industry demands and customer habits. The new funding will enable Gather AI to meet the growing demand for its innovative solutions.
In 2022, the company raised a $10 million Series A round, which was focused on marketing and platform development. With the recent funding, Gather AI aims to continue assisting its customers in running warehouses efficiently and adapting to the evolving supply chain landscape.
