Pallet is a technology company.
Pallet has raised $63.0M across 4 funding rounds.
Key people at Pallet.
Pallet has raised $63.0M in total across 4 funding rounds.
Key people at Pallet.
Pallet is a technology company focused on revolutionizing the logistics industry by building AI-powered tools that automate freight operations, streamline shipment processing, and enhance partner communication. Their flagship product integrates Transportation Management System (TMS) and Warehouse Management System (WMS) functionalities, providing end-to-end logistics visibility, control, and optimization. Pallet primarily serves logistics teams handling short- and long-haul shipments, including bulky items like furniture and appliances, aiming to eliminate manual data entry and reduce workflow complexity. The company has demonstrated strong growth momentum, reaching a $3 million annual run rate within 18 months and acquiring around 60 customers, with high daily user engagement[1][2][3][6].
Founded in 2019 by Sushanth Raman and Andrew Spencer, both former engineers at the low-code startup Retool, Pallet emerged from their personal connections to the logistics industry—Raman’s grandfather was in shipping, and Spencer’s father leads engineering at a transportation management company. They identified that much of logistics still relies on outdated legacy systems and manual processes, inspiring them to create a modern, AI-driven operating system for moving physical goods efficiently. Early traction included rapid customer adoption and significant workflow improvements, such as a 70% reduction in order entry tasks for some clients[2][3].
Pallet rides the wave of AI and automation transforming traditional industries, specifically targeting the $11 trillion global logistics sector, which remains heavily dependent on manual processes and spreadsheets. The timing is critical as supply chains face increasing complexity and demand for speed, accuracy, and cost reduction. By introducing AI-powered "contactless orders" and automating paperwork and communication, Pallet is positioned to significantly enhance supply chain productivity and reliability. Their approach aligns with broader trends toward digital transformation and intelligent automation in logistics, influencing how goods move globally and setting new standards for operational efficiency[1][3][4].
Looking ahead, Pallet is poised to expand beyond bulky goods shipments into e-commerce and other logistics segments, leveraging AI to further reduce manual workflows and increase automation. Trends such as AI adoption, supply chain digitization, and demand for real-time visibility will shape their growth trajectory. As Pallet matures, its influence may extend to becoming a foundational logistics operating system, enabling fully autonomous freight operations. This evolution could redefine logistics workflows industry-wide, fulfilling their vision of a smarter, faster, and more prosperous global supply chain[3][4].
Pallet has raised $63.0M in total across 4 funding rounds.
Pallet's investors include Alumni Ventures, Day One Ventures, General Catalyst, Glade Brook Capital Partners, Lux Capital, Salesforce Ventures, Soma Capital, Susa Ventures, TechAviv Founder Partners, Torch Capital, Walden International, Y Combinator.
Pallet has raised $63.0M across 4 funding rounds. Most recently, it raised $27.0M Series B in May 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2025 | $27.0M Series B | Alumni Ventures, Day One Ventures, General Catalyst, Glade Brook Capital Partners, Lux Capital, Salesforce Ventures, Soma Capital, Susa Ventures, TechAviv Founder Partners, Torch Capital, Walden International, Y Combinator, Zigg Capital, Alexander Zhuravlev, Alex Zhuravlev, Chafic Kazoun, Claire Hughes Johnson, Jeff Hammerbacher, Oliver Jung, Pete Koomen, Scott Banister | |
| Oct 1, 2024 | $18.0M Series A | Accel, Astia, C2 Investment, Cedar Capital Group, Coatue, Craft Ventures, Founders Fund, General Catalyst, Goat Capital, Greenoaks Capital, Hanabi Capital, Matrix, Outcast Ventures, Spark Capital, Verified Capital, Adam D'Angelo, Amit Agarwal, Bradley Horowitz, Charlie Cheever, Cynthia Ringo, Drew Houston, Greg Brockman, Mike Krieger, Ravi Parikh, Sahin Boydas, Scott Belsky | |
| May 1, 2022 | $3.0M Seed | Astia, Cedar Capital Group, General Catalyst, Aman Narang, Amit Agarwal, Cynthia Ringo, Ravi Parikh, Sahin Boydas | |
| Mar 1, 2022 | $15.0M Series A | Astia, Broadway Angels, Cedar Capital Group, General Catalyst, Aman Narang, Amit Agarwal, Ravi Parikh, Sahin Boydas |
