Pallet, a San Francisco, CA-based transportation and warehouse management system, raised $18M in Series A funding.
The round, which brought total funding raised to date to $21M, was led by Bain Capital Ventures, with participation from Bessemer Venture Partners and Activant Capital. Angel investors also participated, including Zach Frankel, Toast founders Aman Narang and Steve Fredette, Dutchie CEO Tim Barash, Home Depot board member Manuel Kadre, and Cedar Capital partner John Curtius
The company intends to use the funds to grow its team, expand operations and invest in new enterprise product capabilities.
Led by CEO Sushanth Raman, Pallet provides a platform offering an AI-powered transportation management, warehouse management, and accounting and billing system.
Its core functionality includes:
- Unifying systems and operations: replace disjointed point solutions and run all transportation segments through one system
- Empowering teams with AI: automate repetitive and tedious workflows, and minimize errors around order entry, dispatching, invoicing and billing
- Delivering service to customers: track statuses live, provide real-time notifications
Since launching in April 2023, Pallet has served leading trucking companies across the country like BLK Out Logistics and Victory Final Mile.
FinSMEs
02/10/2024