Pallet raises $27M in Series B funding led by General Catalyst to enhance its AI logistics workforce.
May 27, 2025•7 months ago
Amount Raised
$27 Million
Round Type
series b
San FranciscoSoftwareInvestors
Bessemer Venture PartnersActivant CapitalBain Capital VenturesGeneral Catalyst
Description
Pallet has secured $27 million in a Series B funding round led by General Catalyst, with participation from Bain Capital Ventures, Activant Capital, and Bessemer Venture Partners. The funding will be used to expand product and engineering teams to scale its AI workforce. The raise reflects surging demand from logistics operators seeking to reduce costs. Total funding raised to date is now $50 million.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech