Companies

Palette

palettelabs.com

Palette is an AI-powered multimodal content platform for generating, editing, and storyboarding video on one canvas.

HQMiami, Florida, United States
Employees1-50
Jobs checked 6h ago
Creative / MediaAI ApplicationB2B SaaS

About

Palette builds an AI-powered multimodal content platform for teams creating video and other multimedia. Its core differentiator is bringing generation, editing, and storyboarding together on one canvas, enabling content to be adapted for different audiences and formats.

Market

Palette competes in the generative-AI video and multimodal content-production market, positioning itself as an end-to-end creative studio rather than a single-purpose generation model. Its differentiation is the combination of conversational editing, storyboard and character continuity, multi-model routing, automatic workflow assembly, cost-aware fallback models, enterprise services, and an API on one canvas; the competitive set includes broader creative platforms such as Runway, Adobe Firefly, Canva, Midjourney, Synthesia, Descript, and OpenArt.

Target Customers

Palette serves individual creators and business teams producing content across marketing, entertainment, learning and development, customer support, product, manufacturing, and healthcare. Its enterprise buyers are likely creative, marketing, product, launch, training, and content-operations leaders seeking a shared workflow for generating and repurposing multimodal content.

At a Glance

Problem

Palette addresses the fragmentation and manual overhead of modern media production. Its target users currently have to stitch together separate tools and workflows to create, edit, adapt, and maintain text, images, and video. The resulting pain is operational as well as economic: teams waste time assembling productions, incur costly failed generations and retries, and struggle to produce professional-quality content consistently at scale. The clearest use case is helping businesses create marketing and product content, educational materials, customer experiences, and internal communications from an initial idea through final output.

Palette’s core economic promise is to reduce wasted production effort and generation spend. The company says better inputs, model routing, and connected workflows produce more first-try successes, while its internal benchmark reports 35% faster generation and 50% lower generation cost. Its model also protects credits by refunding failed jobs and returning the price difference when a cheaper fallback model is used.

Product / Service

Palette is a cloud-based, interactive multimodal media platform and video studio. Users work through natural language on a single canvas to generate, edit, and transform text, images, and video. The studio supports multi-model text-to-video generation using models such as Seedance, Kling, and Veo, natural-language video editing, and character-consistent short-form video. Around generation, Palette is building a broader production pipeline that includes brand kits, storyboarding, collaboration, performance direction, automatic repurposing, and a developer platform; its routing system can select models based on capability, fit, and cost.

The delivery model combines self-serve software with enterprise services. Individual users can access native image and video generation and preset workflows at $0.01 per credit, while enterprise customers can buy a custom engagement covering ad generation and runs, product-launch operations, influencer UGC, or employee onboarding and training. The intended benefit is a single workflow and bill that replaces creative-tool assembly, improves the odds that a generation is usable, and lets creators and business teams produce more finished work with less waste.

Market

Palette competes in generative AI video and multimodal content-production software, positioned between AI creation tools and a more complete creative-operations platform. Its stated audience spans individual creators and business teams, particularly marketing, product, customer-support, healthcare, and other groups that need content in multiple formats. The available evidence names Runway as an adjacent comparison and describes it alongside established video-editing software such as Adobe After Effects; Palette’s differentiation is its attempt to unify generation, editing, routing, and downstream production rather than offer only a standalone generator or editor.

The company appears to be at an early commercial stage rather than demonstrating scaled traction. Y Combinator lists Palette as an active Summer 2026 company founded in 2026, with two founders, a two-person team, and zero listed jobs, while Palette has made a usable Studio product and an enterprise sales path publicly available. The available evidence does not disclose named customers, revenue, user counts, or usage metrics, so Palette is best characterized as early-stage with revenue status unverified—not definitively proven pre-revenue.

Founders & Leadership

Michael PerhatsFounder
Founder and CEO
Andrew MillspaughFounder
Co-founder

Recent News

2026-07-31product
Launch YC: Palette - An AI-Native Media Platform

Y Combinator’s Launch YC post introduces Palette as an AI-native media platform built by MIT computer scientists and multimodal researchers. The product unifies multimodal generation, precise editing, and repeatable creative workflows in a single natural-language interface.

2026-07-10
Palette: An interactive AI video generation and editing platform

Y Combinator’s company profile presents Palette as an interactive multimodal generation platform for creating, personalizing, and maintaining multimedia content at scale. It describes natural-language generation and editing of text, images, and video through one interface.

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Business Model

Palette appears to monetize through paid subscription plans, with pricing established through customer orders and fees based on the purchased subscription. The available evidence does not disclose specific plan prices or other revenue streams.

Products

Palette cloud video studio and conversational creative canvasMultimodal image, video, and music generationStoryboard-to-sequence and character-consistency workflowsEnterprise creative services for ad generation, product launches, influencer UGC, and employee onboarding/trainingPalette Developer API for image, video, music, upscaling, and vectorization generation

Tech Stack

Multimodal AI generation and editingCloud-based video studioMulti-model routing across PixVerse, ByteDance Seedance, Google Veo, Kling, MiniMax Hailuo, and LTX VideoImage, video, music, upscaling, and vectorization generation toolsREST API with asynchronous video jobs and hosted image, video, and music outputs

Competitors

Runway
Adobe Firefly
Canva
Midjourney
Synthesia
Descript
OpenArt