Articles from Pallet

Penske Logistics has announced it is utilizing Pallet’s AI platform to further expand its supply chain AI solutions and capabilities. Penske currently utilizes Pallet solutions for freight payment, where they deploy AI agents to audit and resolve freight invoices.

Pallet, the company building AI systems that move the physical economy, today announced Signals, a new capability that brings live external events into agent decision-making by connecting what is happening in the world with an enterprise’s operational data and institutional knowledge.

Pallet, the company behind CoPallet, the AI workforce for logistics, today announced a $27 million Series B round led by General Catalyst, with continued support from Bain Capital Ventures, Activant Capital, and Bessemer Venture Partners, bringing total funding raised to $50 million. The raise comes amid surging demand from logistics operators under intense pressure to reduce costs as global tariffs and economic headwinds reshape supply chain economics.

Pallet, a unified transportation and warehouse management system, today announced an $18 million Series A 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. Pallet will use the funds to grow its team, expand operations and invest in new enterprise product capabilities. The new funding contributes to a total of $21 million raised to date.