A new autonomous drone startup is aiming to disrupt warehouse logistics. And Bain Capital is getting behind it.
What’s happening:
- Artificial intelligence and machine learning startup Gather AI has raised $17M USD in a new Series A financing round
- The round was led by Bain Capital Ventures and saw participation from other notable venture capital funds including Tribeca Venture Partners, Dundee Venture Capital, Bling Capital and others
The big idea:
- Gather AI uses artificial intelligence, machine learning and computer vision to be able to provide real time insights into inventory inside of manufacturing and distribution facilities
How it works:
- Gather AI’s drones fly autonomously through warehouses and take pictures of all the inventory locations that need to be tracked
- Those pictures are then analyzed by machine learning algorithms and inputted into a purpose built software platform for tracking inventory
- Through Gather AI’s software platform, fulfilment centres and distribution facilities are be able to see real time information on inventory, be notified when inventory is running low and have rapid insight into logistics
By the numbers:
- Gather AI’s drone technology is capable of tracking inventory approximately 15x faster than a human being
- A drone equipped with Gather AI’s technology can scan approximately 900 locations every hour
Going deeper:
- Gather AI was originally incubated and launched out of Carnegie Mellon University Robotics Institute
