Gather AI snaps up Ware and lays claim to world’s largest autonomous inventory management platform
Gather AI, a provider of AI powered autonomous inventory management solutions for warehouses using commodity hardware, is acquiring the business of rival firm Ware.
Financial terms of the deal were not disclosed.
With the acquisition, Gather AI says that it is now the market leader in the space with 25 customers, more than any other autonomous inventory management company.
“Understanding inventory levels is critical for creating accurate forecasts and managing in this environment. We offer real-time inventory visibility to our customers through our AI software which turns commodity drones into autonomous data gathering machines,” says Gather AI CEO Sankalp Arora.
“Acquiring Ware’s business accelerates our growth further, bringing our proven solution to more warehouses, and enabling our customers to leverage data insights from across our growing network.”
Gather AI enables drones to fly autonomously through warehouses to photograph inventory stored in pallet locations. AI reads barcodes, text, and other information in the images and automatically compares it with what’s in the warehouse management system (WMS).
The warehouse manager can view inventory data in real-time from a web dashboard.
“We recognised the need for an autonomous inventory management solution to optimise inventory accuracy and minimise labour expenditure,” says Jeff Keene, DPI Specialty Foods COO, and former Ware client.
“After assessing the proven technology and witnessing the tangible benefits experienced by Gather AI customers, we enthusiastically agreed to implement their solution in three of our warehouses. We are excited to initiate the deployment and leverage the advantages it offers.”
“We share Gather AI’s philosophy that robots are becoming a commodity, and our value is in the data we provide to our customers,” says Ware CEO Hank Skorny.
“We wanted to join forces with the other leader to quickly scale the market opportunity. Gather AI stood out as the best match because of their customer centricity, technology maturity, and our shared vision.”
Customers will be integrated into the Gather AI platform in the coming weeks.
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