# Pallet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pallet-2

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.pallet.com
- Total disclosed funding: $41M
- Latest round: Series B (May 27, 2025)
- Investors on record: 4

## About

Based in California, US, and founded in 2022 by co-founders Sushanth Raman (CEO) and Andrew Spencer, Pallet Systems, Inc. operates as a provider of an AI-powered logistics platform, offering end-to-end transportation and warehouse management solutions to businesses in the supply chain industry, optimizing operations, and improving efficiency. In May 2025, Pallet Systems, Inc. raised USD 27 million in series B funding led by new investor General Catalyst Partners, with participation from returning investors Activant Capital, Bain Capital, and Bessemer Venture Partners. Individual investors also participated in the round. The company provides a logistics platform that offers transportation and warehouse management solutions to cartage agents, distributors, and 3rd party logistics providers. The platform services include order entry, dispatch, warehousing, billing, and customer communication. Moreover, the firm offers solutions such as route optimization, automated appointment scheduling, and live tracking. Additionally, the firm also provides services such as real-time notifications, a mobile driver app, cross-docking, packing, and invoicing. The company will use the May 2025 funding to expand its product and engineering teams.

## Funding rounds

- Series B, May 27, 2025, $27M — Bain Capital, General Catalyst Partners, Bessemer Venture Partners, Activant Capital
- Series A, Oct 2, 2024, $14M — Bain Capital, Bessemer Venture Partners, Activant Capital

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series A, Series B
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B