AI Startup Pallet Raises $18M Series A to Modernize Multi-Trillion-Dollar Logistics Industry

Oct 2, 2024, 03:32 PM

Logistics software company Pallet has raised $18 million in a Series A funding round to modernize logistics using artificial intelligence. With transportation and warehousing being multi-trillion-dollar industries often hindered by outdated and siloed technologies, Pallet aims to bring efficiency and innovation to the sector. Bain Capital Ventures congratulated Pallet on this milestone. The investment will support Pallet's mission to reinvent logistics software and bring the industry into the 21st century.