How Much Did Gather AI Raise? Funding & Key Investors

Gather AI has successfully raised funding through multiple rounds, with notable investors including Bain Capital Ventures and Bling Capital. The company specializes in AI-driven automation solutions for warehouse inventory management, utilizing autonomous drones and computer vision technology.

Keep reading to explore the intricacies of Gather AI's fundraising journey and the investors backing this innovative platform.

What Is Gather AI?

Gather AI, founded in 2017, is based in Pittsburgh, Pennsylvania. The company was established by Daniel Maturana, Geetesh Dubey, and Sankalp Arora.

Specializing in AI-driven automation, Gather AI uses autonomous drones and computer vision technology to streamline warehouse inventory management. Their solutions offer real-time data on inventory status and location, enhancing operational efficiency.

With a team of 11-50 employees, Gather AI continues to innovate in the field of warehouse automation, leveraging the expertise of PhDs and research engineers from the Carnegie Mellon Robotics Institute.

How Much Funding Has Gather AI Raised?

1. Pre-Seed Round
   • Amount Raised: $90.4K
   • Date: January 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop initial prototypes and validate the concept.
2. Angel Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure early-stage funding for further development and initial market entry.
3. Seed Round
   • Amount Raised: $2.5M
   • Date: August 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance product development.
4. Seed Round
   • Amount Raised: $975K
   • Date: April 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To refine the technology and prepare for market launch.
5. Seed Round
   • Amount Raised: $3.5M
   • Date: August 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and increase market penetration.
6. Series A
   • Amount Raised: $10M
   • Date: October 2022
   • Lead Investors: Tribeca Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the customer base and enhance product features.
7. Series A-1
   • Amount Raised: $17M
   • Date: March 2024
   • Lead Investors: Bain Capital Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and solve supply chain issues with richer data and AI.

Total Amount Raised: $34M. Current Valuation: Not publicly disclosed.

Key Investors

• Bain Capital Ventures
  • Details: Bain Capital Ventures is a leading venture capital firm that invests in early to growth-stage companies. They have a strong track record in supporting innovative startups.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: LinkedIn, DocuSign, SurveyMonkey.
• Tribeca Venture Partners
  • Details: Tribeca Venture Partners focuses on early-stage technology companies. They aim to support disruptive innovations in various sectors.
  • Investment Focus Areas: Fintech, healthcare, enterprise software.
  • Notable Investments: BetterCloud, CommonBond, ShopKeep.
• Dundee Venture Capital
  • Details: Dundee Venture Capital invests in early-stage technology startups. They are known for their hands-on approach in helping companies grow.
  • Investment Focus Areas: Technology startups, early-stage investments.
  • Notable Investments: Divvy, Flywheel, Hudl.
• Expa
  • Details: Expa is a startup studio and venture capital firm that helps founders build and grow companies. They provide both capital and operational support.
  • Investment Focus Areas: Technology startups, company building.
  • Notable Investments: Uber, Foursquare, Reserve.
• Bling Capital
  • Details: Bling Capital is a venture capital firm that invests in early-stage technology companies. They focus on high-potential startups.
  • Investment Focus Areas: Consumer internet, enterprise software, fintech.
  • Notable Investments: Airtable, Flexport, Lambda School.

What's Next for Gather AI?

Gather AI stands at the cusp of a significant opportunity to revolutionize warehouse inventory management. With the ability to scale operations and attract more customers, the company is poised to expand into third-party logistics, manufacturing, and retail facilities. The potential to triple operations this year underscores the strong market demand for their AI-powered solutions, which promise to enhance supply chain traceability and operational efficiency.

Future fundraising rounds are likely as Gather AI continues to demonstrate substantial ROI and market impact. The participation of prominent venture capital firms indicates strong investor confidence, paving the way for further technological advancements and market expansion. However, the company may face challenges such as competition from other AI startups, integration with existing warehouse management systems, and maintaining high accuracy and efficiency as they scale.

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