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Gather AI raised $17M in a Series A-1 funding led by Bain Capital Ventures to scale operations and continue solving supply chain issues with richer data and AI

Mar 27, 2024over 1 year ago

Amount Raised

$17 Million

Round Type

series a

PittsburghSupply Chain ManagementRoboticsArtificial IntelligenceSoftware

Investors

Bling CapitalExpaDundee Venture CapitalTribeca Venture PartnersBain Capital Ventures

Description

Gather AI, makers of computer vision and AI-powered warehouse inventory monitoring solutions, announced a $17M Series A-1 led by Bain Capital Ventures with participation from Tribeca Venture Partners, Dundee Venture Capital, Expa, and Bling Capital. The new funding brings the total raised to $34M and will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.

Company Information

Company

Gather AI

Location

Pittsburgh, Pennsylvania, United States

About

Gather AI is a warehouse automation company that has created the world's first drone-powered inventory monitoring solution. Cutting-edge warehouses use Gather AI’s solution to decrease the cost of inventory accuracy, improve productivity and boost revenue.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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