Gather AI has closed a $40 million Series B round that feels less like a routine growth raise and more like a marker that Physical AI is graduating into a core layer of industrial infrastructure. The round is 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. With this round, total funding reaches $74 million, a figure that neatly tracks the company’s shift from promising pilot deployments into something that looks a lot like an emerging system of record for warehouses.

Fleetzero’s $43 million Series A round lands at an interesting moment for global shipping, when decarbonization has moved from aspirational slide decks into the uncomfortable territory of real hardware, real costs, and real deployment risk. This is no longer about futuristic vessels gliding silently across oceans in promotional videos; it’s about whether the industry can actually build, scale, and operate new propulsion systems at volumes that matter. Fleetzero is clearly positioning itself on that fault line, not just announcing capital but pairing it with a new manufacturing and R&D headquarters in Houston, a city whose identity is deeply tied to heavy industry, energy systems, and things that are built to last, not just to demo.

Alvys has announced the close of its $40 million Series B funding round, led by RTP Global with participation from Alpha Square Group, Titanium Ventures, Picus Capital, and Bonfire Ventures. This brings the company’s total funding to $77 million, only a year after securing its Series A, signaling strong investor confidence and rapid market traction. The company positions itself as a next-generation Transportation Management System (TMS), built with AI and automation at its core.

Amid intensifying economic pressures from global tariffs and shifting supply chain economics, Pallet, the company behind the innovative CoPallet AI workforce, has successfully raised $27 million in a Series B funding round led by General Catalyst. The investment, supported further by returning investors Bain Capital Ventures, Activant Capital, and Bessemer Venture Partners, brings Pallet’s total funding to an impressive $50 million. Rather than riding a wave of tech hype, this latest chapter in Pallet’s journey highlights a practical success rooted firmly in tangible financial benefits—real-world math that logistics operators simply couldn’t ignore.