Insider Brief
- Gather AI has raised $40 million in Series B funding led by Smith Point Capital Management, with participation from Bain Capital Ventures, Tribeca Venture Partners, Bling Capital, Dundee Venture Capital, XRC Ventures, and The Hillman Company, bringing total funding to $74 million.
- The Pittsburgh-based company said bookings grew 250% over the past year as it doubled its operational footprint, with its Physical AI platform now deployed across large logistics and industrial customers to close the gap between digital inventory records and on-the-floor reality.
- Gather AI plans to use the capital to expand deployments to hundreds of additional facilities globally and to advance predictive and automated capabilities, moving from real-time visibility toward proactive inventory and workflow orchestration.
Gather AI has raised $40 million in Series B funding as it looks to scale its Physical AI platform across global supply chains, pushing deeper into large, multi-site logistics and manufacturing operations.
The round was led by Smith Point Capital Management, with participation from Bain Capital Ventures, Tribeca Venture Partners, Bling Capital, Dundee Venture Capital, XRC Ventures and new investor The Hillman Company, according to the company. The latest round brings total funding to $74 million, including a $17 million Series A round in 2024.
The raise follows a year of rapid growth. Gather AI said it doubled its operational footprint and grew bookings 250%, with its platform now deployed as a standard operating tool at logistics and industrial customers including GEODIS, NFI Industries, dnata, Axon, and Kwik Trip. The Pittsburgh-based company positions itself as tackling a persistent problem in supply chains: the gap between what enterprise systems say is happening in a warehouse and what is actually occurring on the floor.
“Gather AI is redefining how the physical world gets measured, understood, and operated,” Founder and CEO of Smith Point Capital Management and former Salesforce co-CEO Keith Block said.“What Sankalp and his team have built isn’t just a better way to count inventory; it’s a foundational intelligence layer for the modern supply chain.”
Gather AI’s software uses vision-based models trained on large volumes of proprietary warehouse imagery to continuously observe and verify inventory and movement using drones and existing mobile equipment. The goal is to replace periodic manual counts with ongoing physical verification, reducing blind spots that lead to missed shipments, excess stock, and labor inefficiencies. The company says customers are using the system to drive near-real-time accuracy and faster operational decision-making.
Gather AI noted, customers achieve 99.9% inventory accuracy, reduce manual counting effort by up to 80%, and improve productivity by 5x.” with most realizing a return on their investment in 6 months.
How Will Gather AI Use the Latest Funding?
The new capital will be used to expand deployments across hundreds of additional facilities worldwide and to deepen the platform’s predictive capabilities. Gather AI plans to move beyond real-time visibility toward more automated planning and intervention, allowing operators to anticipate inventory and workflow issues before they disrupt operations.
“For too long, supply chains have operated with a fundamental blind spot: they couldn’t see what was actually happening on the floor,” CEO and co-founder Sankalp Arora said in the announcement. “This funding allows us to expand from real-time visibility to full autonomous orchestration. Our customers aren’t just finding problems faster. They’re preventing them entirely. That shift from reactive to proactive is what transforms Physical AI from a nice-to-have into the operating system for modern logistics.”
The company said it is also investing in engineering and customer success as it supports broader, enterprise-wide rollouts across regions. That includes expansion across North America, Europe and Asia, where Gather AI sees growing demand from large logistics providers and manufacturers looking to standardize physical intelligence across networks rather than individual sites.
Image credit: Gather AI
