Pablo Palafox likes to say his company is “getting started” even as its valuation just crossed ten figures.
HappyRobot, the startup that builds AI agents to run the phone calls, emails, and scheduling that keep supply chains moving, just raised a $150 million Series C at a $1.2 billion valuation, Fortune learned exclusively. Prysm Capital and Eurazeo co-led the round, with participation from Bankinter, Kfund, Koch Disruptive Technologies (KDT), Orange, and T Capital (Deutsche Telekom).
The round comes less than a year after HappyRobot’s $44 million Series B, which itself followed a $15.6 million Series A led by a16z in December 2024. Revenue has grown more than 5x since that Series B, and net dollar retention has topped 150%, Palafox told me. One large U.S. supply chain customer, he said, expanded its contract 10x in a single year and others grew their commitments by up to 5X.
HappyRobot’s pitch is simple: instead of chatbots that draft suggestions for humans, its AI agents actually do the work, negotiating with truck drivers, scheduling appointments, and handling customer support end to end. The company started in logistics—where it now counts DHL, Uber, Kuehne + Nagel, Naturgy, and Repsol among its 150-plus enterprise customers—and is pushing into telecom, energy, utilities, airlines, and financial services. It’s chasing a fast-growing pool of money: the broader enterprise AI agents category is expected to balloon toward $295 billion by 2035.
