What does Pallet do?
Pallet is a San Francisco-based company that powers CoPallet, an AI workforce designed to automate high-volume logistics workflows such as order entry, portal updates, and quoting with human-level accuracy.
How much did they raise?
The company raised $27M in a Series B round led by General Catalyst, with participation from Bain Capital Ventures, Activant Capital, Bessemer Venture Partners, and other notable investors, bringing its total funding to $50M.
What are their plans for the money?
With the newly raised capital, Pallet plans to expand its product and engineering teams, scaling its AI workforce to better serve a range of supply chain operators including freight brokers, third-party logistics providers, freight forwarders, carriers, and shippers.
What have they achieved so far?
Pallet has already demonstrated success with its CoPallet solution, which efficiently handles critical logistics tasks and supports supply chain operations with human-level oversight.
