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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Products & Services of Pallet
Pallet offers a comprehensive portfolio of products and services, including CoPallet.
AI tool automates shipment processing and logistics tasks.
People of Pallet
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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.
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.
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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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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Investor details for Pallet
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Pallet
Investment portfolio details for Pallet
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Financial Statements - Pallet
Detailed financials for Pallet
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Pallet Comparisons
Peer comparison for Pallet
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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.
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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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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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Detailed competitors of Pallet
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Pallet
Complete news archive for Pallet
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Frequently Asked Questions about Pallet
Pallet was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Pallet is headquartered in New York, United States. It is registered at New York, New York, United States.
Pallet is a funded company, having raised a total of $48M across 3 funding rounds to date.
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.
Pallet's top competitors include Toptal, Workfinder and FlexiBees.
Pallet offers CoPallet.
Pallet has 9 investors. Key investors include Bessemer Venture Partners, General Catalyst, Bain Capital Ventures, Activant Capital, and Zach Frankel.