Fundraising Fox

Pallet

11 known investors

trypallet.com

Pallet builds AI that automates and augments supply chain operations, connecting to systems such as TMS, WMS, email, and phone to resolve tasks automatically or escalate to a human in the loop. It serves supply chain and logistics leaders looking to improve efficiency, accuracy, and customer service.

Also known as CoPallet

AI & Machine LearningLogistics & Supply ChainSaaS

Investors · 11

Also in the syndicate · 6

Aman NarangJohn CurtiusManuel KadreSteve FredetteTim BarashZach Frankel

Funding

SEC filings, press & company announcements

$18M disclosed across 1 of 6 rounds · 2024–2025

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Pallet is a San Francisco-based company that develops AI software for transportation, warehousing and logistics operators. Its platform automates back-office and administrative workflows — order entry, quoting, portal updates, tracking, carrier coverage, appointment scheduling, ASN processing, warehouse operations, customs filings, freight audit and payment, billing and settlement, and customer service — with human oversight where needed. According to the company, agents complete these tasks roughly ten times faster than manual staff and at less than half the cost of traditional staffing.

The product is organized into several components: Agents, which execute operational workflows; Atlas, a question-answering layer over the customer's operational network; Forge, an agent-builder described as an "agent-assembling factory" intended to bring custom agents into production in about six weeks; Memory, which stores SOPs, customer rules and exceptions in an indexed knowledge taxonomy; and Intelligence, which trains custom models on the customer's own data and allows swapping frontier and open-source models to reduce vendor lock-in. Agents operate across email (Outlook, Gmail, Front), inbound and outbound voice, documents (PDF, spreadsheets, scanned images), APIs and EDI (including EDI 204/210), browser automation of web apps and portals, and remote desktop for applications without APIs. Every human intervention is committed to the enterprise memory layer, and agents are validated through thousands of simulations and adversarial tests before deployment.

At its 2024 Series A, Pallet was described as an all-in-one transportation and warehouse management system covering the process from receipt of a shipment through payment, with an emphasis on "contactless orders" that require no human in the loop. The company states it complies with GDPR, SOC 2 Type II and CCPA.

Founding story

Pallet was co-founded by CEO Sushanth Raman and Andrew Spencer, both former engineers at the low-code company Retool. Both have family ties to logistics: Raman's grandfather worked in shipping, and Spencer's father runs the engineering team at transportation management company MercuryGate. Raman has said the idea came from meeting logistics businesses around the Bay Area and observing how much back-office and customer support work was still done manually, sometimes occupying half of a logistics company's employees.

Business model

Enterprise software sold to logistics and supply chain operators. Pallet states that engagements begin with a proof of concept and that pricing is based on what the agents deliver rather than seats or licenses.

Outcome-based pricing tied to agent-delivered work rather than per-seat or per-license fees, beginning with a proof of concept.

Traction

By the October 2024 Series A, Pallet reported going from zero to a $3 million annual run rate in 18 months with about 60 customers; 90% of employees at those businesses had accounts and 70% used the tool daily, with some teams reporting a 70% reduction in order entry workload. Published case studies claim Mallory Alexander tripled shipments per operator with 100% accuracy on custom documentation and import filings, STG Logistics achieved 60% time savings by automating order entry, Prism Logistix improved operating margins by 10% while serving 400 customers, and Eassons Transportation Group went live in 40 days with 98% touchless processing on load building. A company customer example cited a mid-sized carrier reallocating 25 employees from repetitive order entry.

Latest developments

Pallet announced Custom Models, under which it builds a customer-owned AI model from that customer's data, alongside its Agents, Atlas, Forge, Memory and Intelligence product layers. The most recent disclosed financing is the May 2025 $27 million Series B led by General Catalyst.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Pallet positions itself as an operating system for moving physical goods and, per its investor General Catalyst, as building a "new operating system for the logistics industry," a sector described as an $11 trillion global industry running on legacy software and manual processes that moves more than 20 billion tons of freight annually in the United States. At Series A, Raman cited over $30 billion spent annually on transportation and warehouse management software. The company claims its models outperform frontier models on supply chain benchmarks.

Stated differentiators include deployment in about six weeks rather than months, adherence to a customer's own SOPs and tribal knowledge, customer ownership of a custom model trained on their data, model portability to avoid vendor lock-in, simulation-based accuracy validation, and outcome-based pricing.

Technology

AI agents combined with an enterprise memory layer, a custom-model training pipeline built on customer data, and an agent-generation system (Forge) that learns, assembles and tests agents and SOPs. Agents interoperate through email, voice, documents, REST APIs and EDI, browser automation and remote desktop, and integrate with existing TMS/WMS and other operational systems. Pre-production validation uses large-scale simulation and adversarial testing; the platform supports swapping between frontier and open-source models.

Go-to-market

Direct enterprise sales via demo requests, starting with a proof of concept and a rapid deployment cycle, supported by published customer case studies (Mallory Alexander, STG Logistics, Prism Logistix, Eassons Transportation Group).

Supply chain and logistics operators, including freight brokers, third-party logistics providers, freight forwarders, carriers and shippers. Early customers were mostly companies handling short- and long-haul shipments or bulky items such as furniture and appliances, with trucking as the initial focus and stated plans to expand into e-commerce shipments.

Geography

Headquartered in San Francisco. Customer examples span U.S. logistics operators and Canada-based Eassons Transportation Group; the company states it operates under GDPR as well as CCPA.

History

The company raised a $3 million seed round led by Bain Capital Ventures, followed by an $18 million Series A announced in October 2024, also led by Bain Capital Ventures with Bessemer Venture Partners, Activant Capital and several angel investors. In May 2025 it announced a $27 million Series B led by General Catalyst with participation from existing investors, bringing total venture funding to $50 million. The Series B was earmarked for scaling AI infrastructure and expanding product and engineering headcount. The company's current site markets a multi-component agent platform and a Custom Models offering.

Risks & controversies

No controversies are reported in the available sources. Most performance and ROI figures are company-reported or drawn from Pallet's own case studies rather than independently verified. Note that unrelated companies share the Pallet name in the physical pallet manufacturing industry (e.g., PalletOne), which can cause identification confusion.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual run rateOct 2024$3M
CustomersOct 202460 customers
Daily active usage at customer accountsOct 202470%
Eassons Transport touchless processing on load buildingJan 202698%
Prism Logistix operating margin improvementJan 202610%
Reduction in order entry workflow effort (customer-reported)Oct 202470%
STG Logistics time savings from automated order entryJan 202660%
Total venture funding raisedMay 2025$50M
Typical agent deployment timeJan 20266 weeks

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 3

launches, deals, and filings
Jan 2026
Introducing Custom Models: Own Your Enterprise Intelligence

Pallet announced Custom Models, an offering under which it builds a custom AI model from a customer's own data, positioned as enterprise-owned intelligence with reduced vendor lock-in.

source ↗

May 2025
Pallet raises $27M Series B led by General Catalyst

Pallet raised a $27 million Series B led by General Catalyst, with participation from existing investors Bain Capital Ventures, Activant Capital and Bessemer Venture Partners, bringing total venture funding to $50 million. Proceeds are earmarked for scaling AI infrastructure and growing the product and engineering teams.

$27M source ↗

Oct 2024
Pallet announces $18M Series A led by Bain Capital Ventures

Pallet announced an $18 million Series A round led by Bain Capital Ventures, with participation from Bessemer Venture Partners, Activant Capital and angel investors including Zach Frankel, Toast founders Aman Narang and Steve Fredette, Dutchie CEO Tim Barash, Home Depot board member Manuel Kadre and Cedar Capital partner John Curtius. Bain had also led the earlier $3 million seed round.

$18M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Pallet do?
Pallet builds AI agents that automate supply chain and logistics back-office operations from quote to cash.
Who are Pallet's investors?
Pallet's investors include Contrary, Activant Capital, Bain Capital Ventures, Bessemer Venture Partners, General Catalyst.
How much funding has Pallet raised?
Pallet has disclosed $18M raised across 1 of its 6 known rounds.