Gather AI (GTHR) raises $40M to scale Physical AI platform for logistics

Gather AI, a Pittsburgh-based logistics AI firm, raised $40 million in Series B funding, led by Smith Point Capital Management, bringing total venture funding to $74 million. The proceeds will accelerate global deployment of its Physical Intelligence Platform, using computer vision and machine learning to interpret warehouse operations via existing cameras, drones, and mobile equipment. The platform provides real-time visibility and predictive orchestration, reducing manual inventory checks by up to 80% and improving accuracy beyond 99%. Customer adoption surged 250% year-over-year, with deployments at GEODIS, NFI Industries, and dnata. ROI typically exceeds break-even in under six months, with the company forecasting hundreds of additional sites globally in the coming months.