Parallel Systems
About Parallel Systems
developing an autonomous battery-electric rail system
Business Information
Industry Categories
Funding Timeline
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series A | Mar 19, 2026 | $20.0M | Index Ventures, FRST VC, Y Combinator +2 more |
| Series B | Dec 13, 2025 | $20.0M | Valspring Capital, rethinkimpact |
| Series A | Nov 14, 2025 | $100.0M | Kleiner Perkins, Index Ventures |
| Series B | Apr 14, 2025 | $38.0M | Anthos Capital, Collaborative Fund |
Founders
DHeldfond
Co-Founder & CEO
A. Jordan Wright
Founder & CEO
Investors
Anthos Capital
Venture Capital
Arthur Mensch
Entrepreneur / Co-founder
Collaborative Fund
Venture Capital
FRST VC
Venture Capital
Index Ventures
Venture Capital
Kleiner Perkins
Venture Capital
Valspring Capital
Venture Capital
Y Combinator
Venture Capital
rethinkimpact
Venture Capital
Recent Mentions
🇺🇸 New Deal: Parallel has secured a $100 million Series A funding round, co-led by Kleiner Perkins, to enhance its AI-oriented web infrastructure and expan... #Mergers & #Acquisitions #mergersandacquisitions #PrivateEquity #Dealert 🔗 Link: https://t.co/o85P5CJ4kY
Parallel (@joinparallel_us) raised $20M in Series B funding (Valspring Capital, @rethinkimpact). Founder and CEO @DHeldfond and Chief Clinical Officer Dr. A. Jordan Wright are scaling a teletherapy and special education platform now serving 10K+ students across 25 states, using https://t.co/xVLFjN7yhJ
Parallel, which builds web infrastructure for AI agents, raised a $100 million Series A round that was announced on November 12. The round was co-led by Index Ventures and Kleiner Perkins. #investment #startups
@Parallel | $100M Builds web infrastructure for AI agents. The round was a Series A, co-led by Index Ventures and Kleiner Perkins.
The market understood the vision. Parallel raised $100M Series A At a $740M valuation (~₹6,600 crore) Backed by: Kleiner Perkins, Index Ventures, Khosla Ventures, Spark Capital, First Round & more. That’s elite company. https://t.co/rootHmshTJ
🏛️ Company: Parallel 🔗 Website: https://t.co/oEzVGVDs5X 📊 Amount: $20 Million 🔄 Round: Series A ⚙️ Industry: AI, Healthcare 🌍 Location: Paris, Île-de-France, France
🇫🇷 Paris-based Parallel has raised $20 million in a Series A round. https://t.co/RAJk80ytcH @IndexVentures, with Frst, @ycombinator, Hexa and angels including Arthur Mensch and leaders from Pennylane. #ai #funding #france #eutech #vcfunding #investment #innovation #admin
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Other Data Sources
3Exa Startup Data
Apr 21, 2025Twitter Startup Data
Apr 20, 2025Twitter Startup Data
Apr 20, 2025Exa Enrichment History
1Fields Updated
Enrichment Details
- Description
- developing an autonomous battery-electric rail system
- Website
- https://techcrunch.com/2025/04/11/parallel-systems-is-building-autonomous-electric-rail-for-short-distance-freight/
- Industry
- Transportation
- Enrichment History
-
- {'updated_at': '2025-04-24T23:09:30.273720', 'fields_updated': {'description': True, 'industry': True, 'website': True}, 'query_used': 'Parallel Systems website:https://techcrunch.com/2025/04/11/parallel-systems-is-building-autonomous-electric-rail-for-short-distance-freight/ Transportation company business model funding', 'sources_count': 5}
Source URLs
- https://techcrunch.com/2025/04/11/parallel-systems-is-building-autonomous-electric-rail-for-short-distance-freight/
- https://techcrunch.com/2023/06/14/fernride-nudges-yard-trucks-towards-full-autonomy-with-31m-in-new-funds/?tpcc=tcplustwitter
- https://techcrunch.com/2024/12/17/slip-robotics-snags-28m-for-its-bots-that-can-load-a-truck-in-five-minutes/
- https://techcrunch.com/2024/01/09/parallel-gets-new-funding-for-its-teletherapy-platform-for-kids-with-special-needs/
- https://techcrunch.com/2023/09/10/softbank-bets-on-ex-argo-ai-founders-flexports-founder-cleans-house-and-cruise-digs-in/