Pallet Raises $27M in Series B Funding

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Here’s a structured list based on the provided information:

Company Overview

  • Startup: Pallet
  • Website: pallet.com
  • Headquarters: San Francisco, CA
  • CEO: Sushanth Raman

Funding Details

  • Total Funding Raised: $50M
  • Latest Funding Series: Series B
  • Amount Raised: $27M
  • Funding Date: 27/05/2025

Investors

  • Lead Investor: General Catalyst
  • Other Participating Investors:
    • Bain Capital Ventures
    • Activant Capital
    • Bessemer Venture Partners
    • Dan Lewis (CPO at Microsoft, co-founder at Convoy)
    • Amit Agarwal (former President at Datadog)
    • Girish Rishi (former CEO at BlueYonder)
    • Michael Capellas (former CEO at Compaq)
    • Matt McKinney (CEO at Loop)
    • Aatish Nayak

Product

  • Product: CoPallet (AI workforce for logistics)

Use of Funds

  • Expand product and engineering teams
  • Scale AI workforce to meet customer needs across various logistics sectors (freight brokers, 3rd party logistics providers, freight forwarders, carriers, and shippers)

Source link

2025-05-27 15:29:05