Gather AI, maker of ‘curious’ warehouse drones, lands $40M led by Keith Block’s firm
#Gather AI #warehouse drones #Keith Block #Smith Point Capital #inventory management #Series B funding #computer vision
📌 Key Takeaways
- Gather AI raised $40 million in a Series B round led by Keith Block's firm, Smith Point Capital.
- The startup uses autonomous drones to automate inventory monitoring and data collection in warehouses.
- Unlike standard scanners, the AI system is 'curious,' identifying specific details like expiration dates and occupancy.
- The funding will be used to scale operations and improve warehouse management system integrations.
📖 Full Retelling
Gather AI, a Pittsburgh-based robotics startup, successfully secured $40 million in Series B funding led by former Salesforce CEO Keith Block’s firm, Smith Point Capital, on March 27, 2024, to accelerate the deployment of its autonomous warehouse monitoring technology. The investment round, which also saw participation from existing investors such as Xplorer Capital and Bain Capital Ventures, was driven by the increasing demand for advanced computer vision and artificial intelligence solutions that can streamline complex inventory management in large-scale logistics facilities.
🏷️ Themes
Technology, Logistics, Robotics, Artificial Intelligence
📚 Related People & Topics
Venture round
Type of funding round
# Venture Round A **venture round** is a specialized type of funding round within the venture capital ecosystem. It serves as the primary mechanism by which startup companies secure capital investment, typically sourced from venture capital firms, private equity groups, and other institutional inve...
🔗 Entity Intersection Graph
Connections for Venture round:
- 🌐 Accel (1 shared articles)
- 🏢 Salesforce (1 shared articles)
- 🌐 Windward and leeward (1 shared articles)
- 🏢 Bessemer Venture Partners (1 shared articles)
📄 Original Source Content
Gather AI has closed funding from former Salesforce CEO's firm Smith Point Capital. Its warehouse AI system doesn't just scan. It seeks out specific data.