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 City, United States.

How many employees does Pallet have?

As of Aug 31, 2026, the latest employee count at Pallet is 26.

Is Pallet a funded company?

Pallet is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

When was the latest funding round of Pallet?

Pallet's latest funding was a $***** Series B round on May 27, 2025, with participation from 9 investors. Its primary sector is Robotic Process Automation. In United States, the Robotic Process Automation sector has seen $802M in funding in 2026 to date.

Where does Pallet rank among its competitors?

Pallet ranks 2nd amongst 16 active competitors, of which 8 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Pallet, which secured $27M in May, 2025.

Who are the top competitors of Pallet?

Pallet's top competitors include Raft, Rippey AI and Commerce Robotics. Among them, Pallet secured the most recent funding round in May, 2025.

Pallet - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: www.pallet.com/
Social
Email ID: *****@pallet.com

Key Metrics

Founded Year

2019

Location

New York City, United States

Stage

Series B

Total Funding

$50M in 3 rounds

Latest Funding Round

Series B, May 27, 2025, $*****

Investors

Bain Capital Ventures & 21 more

Ranked

2^nd among 16 active competitors

Employee Count

26 as on Aug 31, 2026

Similar Companies

Raft & 14 more

View Pallet's full profile

Pallet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PALLET LABS INC. CIN: 5696205 , United States, Active	Jan 27, 2020	-	-	-

Pallet has raised a total funding of $50M over 3 rounds. Its first funding round was on 2022. Its latest funding round was a Series B round on May 27, 2025 for $*****. 9 investors participated in its latest round. Pallet has 12 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Pallet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 27, 2025	1273149	Series B	2183535	2500998	9576618	3090589
Oct 02, 2024	6539616	Series A	8551602	2379478	7642496	Bessemer Venture Partners & 6 more
2022	5573	Seed	3403	8795	9009	Bain Capital Ventures

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View details of Pallet's funding rounds and investors

The founders of Pallet is Kai Han.

Here are the details of Pallet's key team members:

Kai Han: Co-Founder, CTO of Pallet.

View details of Pallet's Founder profiles and Board Members

Pallet's employee count trend

Pallet has 26 employees as of Aug 26. Here is Pallet's employee count trend over the years:

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Top competitors of Pallet include Raft, Rippey AI and Commerce Robotics. Here is the list of Top 10 competitors of Pallet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Raft 2017, London (United Kingdom), Series B	Developer of agentic software platforms for automating supply chain operations	$30M	Eight Roads Ventures, Booom & 4 others	60/100
2nd	Pallet 2019, New York City (United States), Series B	Provider of talent management services	$50M	Activant Capital, avra & 20 others	41/100
3rd	Rippey AI 2019, Lafayette (United States), Series A	Provider of AI & web-based document management solutions	$3.59M	Schematic Ventures, LFX Venture Partners & 4 others	40/100
4th	Commerce Robotics 2013, Minato (Japan), Series C	Provider of AI, DX, EC, and logistics solutions for businesses	-	Mitsubishi UFJ Capital, Transcosmos & 2 others	36/100
5th	EIZ 2017, Oakleigh (Australia), Seed	Online marketplace and fulfillment service for shippers and carriers	$734K	-	31/100
6th	FSTechnology SpA 2019, Rome (Italy), Funding Raised	It provides technology solutions for transportation and logistics	-	Europa	29/100
7th	Guangdong Shi Robot Seed	Developer of unnamed robotic solutions for cloud cold chain warehousing industry	$1.39M	-	29/100
8th	CoEvolution 2019, Hangzhou (China), Funding Raised	Provider of AI-powered software for robot control and logistics automation	-	Venturous	25/100
9th	Uniner technology 2020, Minhang (China), Series A	Provider of AI-powered automation solutions for supply chain and logistics	-	Sequoia Capital China, Linear Venture & 2 others	25/100
10th	Commerce Robo 2013, Minato City (Japan), Unfunded	Provider of web-based warehouse automation solutions	-	-	24/100