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.

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.