Several tech startups — Gather AI, Modveon, among others, have announced their venture capital funding to bolster innovation and business growth.
Gather AI Secures $40 mn
Gather AI announced a $40 million Series B funding round led by Smith Point Capital Management, with participation from Bain Capital Ventures, Tribeca Venture Partners, Bling Capital, Dundee Venture Capital, XRC Ventures, and The Hillman Company to expand its Physical AI platform for logistics and supply chain operations. The investment supports technology innovation in real-world AI, using cameras and drones to deliver accurate inventory visibility and eliminate operational blind spots between physical operations and digital systems. Gather AI’s strategy focuses on scaling predictive capabilities, expanding global deployments, and growing engineering and customer success teams to support enterprise adoption. Customers benefit from near-perfect inventory accuracy, workflow optimization, reduced manual labor, and faster ROI under six months. The technology is positioned as a foundational intelligence layer for modern logistics with continued global growth and expansion plans.
Modveon Raises $10 mn
Modveon announced a $10 million funding round backed by Coinbase Ventures, Firebolt Ventures, Humla Ventures, and Strategic Cyber Ventures plus additional investors and angel backers to develop a verified digital operating system for governments and citizens. Led by CEO and Co-Founder Nana Murugesan, the company is focused on building identity-first infrastructure to enable secure, trusted digital interactions, communication, and transactions at societal scale. The strategy emphasizes secure, closed-loop digital identity, regulated digital payments, and automated services to reduce friction in online public and private interactions. Initial government deployments are underway with commercial agreements generating revenue, while broader product launches and partnerships are planned. Customers benefit from enhanced trust, secure communications, verified identity infrastructure, and streamlined interactions across digital services.
THASNIYA VP
