# Exclusive: Gather AI nets $17M for inventory drones ## How Gather AI Can Help Increase inventory accuracy up to 99% with Gather AI inventory intelligence. ### Inventory drones - the future of warehouse automation Gather AI, which offers drone-powered warehouse inventory monitoring, raised a $17 million Series A extension led by Bain Capital Ventures, CEO Sankalp Arora tells Axios exclusively. **Why it matters:** Out-of-stocks and overstocks cost [$1.77 trillion](https://www.ihlservices.com/product/retail-inventory-distortion-study-the-good-the-bad-the-ugly-2023/) last year, according to research and advisory firm IHL Services. **Zoom in:** Tribeca Venture Partners, Dundee Venture Capital, Expa and Bling Capital also participated, bringing total funds raised to $34 million. - The round has a two-to-three year runway, with sufficient capital to get the company to cash-flow positivity, Arora says. **How it works:** Gather AI's software works with any kind of commercial, off-the-shelf drone, as well as cameras and computer vision, to help companies manage their inventory. - The drones fly autonomously throughout warehouses, scanning items, taking images and collecting information at a pace 15x faster than manual methods, Arora says. - Its web dashboard allows workers to see and track their inventory data in real time. **Between the lines:** Gather AI's tech doesn't require much capital expenditure or infrastructure changes to implement, Arora says. - With off-the-shelf drones and cameras, the company "can visually inspect a warehouse with no additional equipment needed, no positioning, no sensors or beacons required" thanks to AI, Bain Capital Ventures' Ajay Agarwal says. - This has given Gather AI significant commercial traction, adding on more and more facilities, because it is deemed reliable and lowers hardware costs, Agarwal says. - The company's supply chain customers include NFI, GEODIS, DSV, Barrett Distribution, and DPI Specialty Foods (KeHE). **What's next:** Next year, the company hopes to offer the same technology stack for a forklift camera, Arora says. ## Gather AI Leverages New ModalAI® Starling 2 Logis Drones for Greater Warehouse and Inventory Data Capabilities Addition of US-based drones will double inventory scanning speed, enhance accuracy with 3D data, and expand offerings for increased efficiency. ## Gather AI Becomes the Largest Autonomous Inventory Management Platform in the World ## Gather AI Offers Warehouses the First Drone-Powered Inferred Case Count and Location Occupancy Capabilities Gather AI announces two new capabilities - inferred case counting and location occupancy. ## Transform your warehouse. No infrastructure changes necessary.