About Pallet
Pallet is a company based in New York (United States) founded in 2019 by Jainil Sutaria. It operates as a AI-as-a-Service, and Pay-per-Use / Usage-Based. Pallet has raised $48 million across 3 funding rounds from investors including Bessemer Venture Partners, General Catalyst and Bain Capital Ventures. Pallet offers products and services including CoPallet. Pallet operates in a competitive market with competitors including Toptal, FlexiBees, Workfinder, Propel and Axpara, among others.
- Headquarter New York, United States
- Founders Jainil Sutaria
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pallet Labs Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48 M (USD)
in 3 rounds
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Latest Funding Round
$27 M (USD), Series B
May 27, 2025
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Investors
Bessemer Venture Partners
& 8 more
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Employee Count
Employee Count
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Products & Services of Pallet
Pallet offers a comprehensive portfolio of products and services, including CoPallet. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool automates shipment processing and logistics tasks.
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Leadership Team
2 people
COO Team
1 people
Unknown Team
1 people
Product Management Team
1 people
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Funding Insights of Pallet
Pallet has successfully raised a total of $48M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $27 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $27.0M
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First Round
First Round
(01 Jun 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series B - Pallet | Valuation | General Catalyst | |
| Oct, 2024 | Amount | Series A - Pallet | Valuation | Bain Capital Ventures | |
| Jun, 2022 | Amount | Seed - Pallet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pallet
Pallet has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, General Catalyst and Bain Capital Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Venture capital fund investing in tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pallet
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pallet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pallet Comparisons
Competitors of Pallet
Pallet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Toptal, FlexiBees, Workfinder, Propel and Axpara, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Talent marketplace that connects companies with freelance professionals
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Vetted marketplace for flexible work among women professionals is operated.
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Provider of recruitment solutions for multiple industries
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| domain | founded_year | HQ Location |
Cryptocurrency and metaverse infrastructure is delivered as a service.
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Platform offering solutions for talent management and recruitment
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Pallet
When was Pallet founded?
Pallet was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Pallet located?
Pallet is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Pallet a funded company?
Pallet is a funded company, having raised a total of $48M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jun 01, 2022.
What does Pallet do?
Pallet is engaged in developing AI solutions for logistics automation, targeting freight brokerages, forwarders, carriers, and shippers. Their primary product, CoPallet, is designed to automate shipment processing and document digitization by learning unique workflows and adapting through human feedback. The company operates within the technology sector, emphasizing seamless integration with existing systems like TMS and WMS. Their solutions are built to handle complex logistics tasks with deep contextual understanding, supporting global logistics operations.
Who are the top competitors of Pallet?
Pallet's top competitors include Toptal, Workfinder and FlexiBees.
What products or services does Pallet offer?
Pallet offers CoPallet.
Who are Pallet's investors?
Pallet has 9 investors. Key investors include Bessemer Venture Partners, General Catalyst, Bain Capital Ventures, Activant Capital, and Zach Frankel.
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