Pallet Secures $27M Series B Funding from General Catalyst
Deal News | May 27, 2025 | General Catalyst Partners LLC
General Catalyst Partners LLC has announced its lead investment in Pallet's $27 million Series B funding. Pallet is a cutting-edge company developing AI-native logistics software aimed at automating routine back-office functions. As logistics remains a critical yet antiquated sector in need of modernization, Pallet's AI workforce, CoPallet, represents a significant advancement by speeding up processes, reducing costs, and allowing logistics operators to focus on more critical, customer-centric tasks. The investment aligns with General Catalyst's focus on backing companies poised to revolutionize major industries through applied AI. Pallet stands out not only for its technological innovation but also for the diverse and dynamic leadership of its founder, Sushanth Raman. The funding will help expand Pallet's product and engineering teams to meet growing demand and aid in scaling their AI capabilities.
Sectors
- Logistics and Transportation
- Artificial Intelligence
- Private Equity and Venture Capital
Geography
- United States – Pallet is based in the U.S., a significant logistics market and the focal point of the AI technology discussed.
Industry
- Logistics and Transportation – The article focuses on the logistics industry, which involves the transportation and management of goods, and is highlighted as needing modernization. Pallet is bringing AI innovation to this sector.
- Artificial Intelligence – Pallet is leveraging applied AI to innovate logistics operations, creating significant improvements in efficiency and cost reduction.
- Private Equity and Venture Capital – General Catalyst, a private equity firm, is the leading investor in Pallet’s recent funding round.
Financials
- $27 million – The amount raised by Pallet in its Series B funding round led by General Catalyst.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| General Catalyst Partners LLC | Investing Company | Company | A private equity firm leading Pallet's $27 million Series B funding. |
| Pallet | Target Company | Company | An AI-native logistics company automating back-office operations with its CoPallet software. |
| Sushanth Raman | Founder of Pallet | Person | Founder of Pallet, known for his dynamic leadership and diverse experiences that enrich the company's innovation. |
| CoPallet | Product | Product | Pallet's AI software designed to automate administrative logistics workflows. |