Why Pallet Needed Another Raise Just 7 Months After Its Series A

Pallet didn’t plan to raise another round this soon. The logistics AI startup had only just announced its $21 million Series A last fall when customers began coming back not with complaints, but with dozens of ideas.  “We built software to complete manual logistics workflows,” says co-founder and CEO Sushanth Raman. “But customers started surfacing new use cases we hadn’t even considered. That’s when we realized: the opportunity wasn’t just large, it was urgent.” Just seven months later, Pallet raised a $27 million Series B led by General Catalyst, with continued participation from Bain Capital Ventures, Activant Capital, Bessemer Venture Partners, BoxGroup, and Vicus Ventures. The new capital brings Pallet’s total funding to $50 million and accelerates its