AI Startups: Logistics Startup Pallet Raises $27 Million to Scale Automation
· Source: pymnts.com
In short
AI logistics software startup Pallet secured $27 million in Series B funding to scale its automation platform, CoPallet, which streamlines back-office operations for logistics providers. The funding, led by General Catalyst, aims to modernize the $11 trillion logistics industry plagued by legacy systems. Pallet's solution reportedly operates 10 times faster and at less than half the cost of traditional staffing.
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In the issue of week 22, 2025: Agentic AI Drives Real-Time Supply Chain Resilience and Automation Breakthroughs
Tags: logistics, automation, funding, AI, startups, supply chain