Pallet Sharing
Pallet Sharing is a Standard pallet cycle sharing service platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | CNY100m | Series B | |
| Total Funding | 000k | ||
Pallet is a logistics software company that offers a unified platform for transportation and warehouse management. The firm was co-founded by CEO Sushanth Raman and Andrew Spencer. Raman's interest in the sector stems from his grandfather's food distribution business, which highlighted the real-world impact of on-time deliveries. Before Pallet, Raman and Spencer worked together at Retool, where they focused on improving developer efficiency, a mindset they now apply to the logistics industry.
Launched in 2023, the San Francisco-based company aims to modernize a sector often reliant on outdated and fragmented software. Pallet provides an AI-powered system that integrates transportation management (TMS), warehouse management (WMS), and accounting and billing functions into a single platform. This approach targets inefficiencies and manual workflows that are common in logistics operations. The company's flagship product, CoPallet, is an AI workforce designed to automate back-office tasks like order entry, quoting, and tracking portal updates, claiming to perform these tasks ten times faster and at half the cost of manual processes.
Pallet serves a range of clients, including trucking companies, freight brokers, third-party logistics providers (3PLs), and shippers. Early customers, such as BLK Out Logistics and Victory Final Mile, have reported significant reductions in manual workflows, with some teams seeing a nearly 70% decrease in tasks like order entry. The business generates revenue by providing its software to these logistics operators who are seeking to reduce costs and enhance efficiency. The company has successfully raised significant capital to fund its growth, including an $18 million Series A in October 2024 and a $27 million Series B in May 2025, bringing its total funding to $50 million. Key investors include Bain Capital Ventures, General Catalyst, Bessemer Venture Partners, and Activant Capital.
Keywords: logistics software, supply chain management, transportation management system, TMS, warehouse management system, WMS, AI in logistics, freight technology, CoPallet, Sushanth Raman, logistics automation, back-office automation, supply chain optimization, freight brokerage software, 3PL software, trucking company software, logistics platform, venture capital, supply chain visibility, logistics accounting