pc:par3z

Parallel Systems

Automotive & Mobility

Parallel Systems is pioneering the development of the world's first autonomous battery-electric rail system. The company is set to launch its initial commercial pilot, having received approval from the Federal Railroad Administration to operate its innovative railcars along a 160-mile stretch of railroads in Georgia. This advancement marks a significant step toward the commercialization of sustainable and autonomous rail transport solutions.

Leadership & Board

Currently, no data available

Latest Estimated Valuation

Estimated Valuation―

Estimated Valuation―

Total Amount Raised$38M

Total Amount Raised$38M

Total Funding Rounds1

Total Funding Rounds1

Latest Funding Amount$38M

Latest Funding Amount$38M

Latest Funding RoundSeries B

Latest Funding RoundSeries B

Post-Money Valuation―

Post-Money Valuation―

Funding Round

Apr 14, 2025

Series B

$38.00M

―

Investors

Series B

Collaborative Fund

Series B

Congruent Ventures

Series B

Series B

Related News and Analysis

Monarch Tops One Million Users as It Expands AI-Driven Personal Finance Platform

Monarch Tops One Million Users as It Expands AI-Driven Personal Finance Platform

New updates have been reported about Monarch. Monarch has passed one million active members on its personal finance...

34s ago

Ownwell Partners With Major Mortgage Servicer to Scale Property Tax Savings Offering

Ownwell Partners With Major Mortgage Servicer to Scale Property Tax Savings Offering

New updates have been reported about Ownwell. Ownwell has entered a nationwide partnership with Carrington Mortgage Services that...

11m ago

Bansk Group Acquires Majority Stake in Wellness Brand So Good So You

New updates have been reported about Bansk Group. Bansk Group has signed a definitive agreement to acquire a...

11m ago

Guardz Wins Global InfoSec Award for AI-Driven Threat Detection at RSAC 2026

Guardz Wins Global InfoSec Award for AI-Driven Threat Detection at RSAC 2026

New updates have been reported about Guardz. Guardz has been recognized at the 14th Annual Global InfoSec Awards...

11m ago

Databricks Pushes Into Cybersecurity With Lakewatch SIEM and Targeted Acquisitions

Databricks Pushes Into Cybersecurity With Lakewatch SIEM and Targeted Acquisitions

New updates have been reported about Databricks. Databricks is making a significant move into the cybersecurity market with...

42m ago

Rasa Legal Adds Former LegalZoom President to Board to Support Nationwide Expansion

Rasa Legal Adds Former LegalZoom President to Board to Support Nationwide Expansion

New updates have been reported about Rasa Legal. Rasa Legal has appointed former LegalZoom President and COO Frank...

60m ago

Carta Healthcare Wins AI Excellence Award for Hybrid Clinical Automation Model

Carta Healthcare Wins AI Excellence Award for Hybrid Clinical Automation Model

New updates have been reported about Carta Healthcare. Carta Healthcare has been named a 2026 Artificial Intelligence Excellence...

60m ago

UVeye Leverages Fast Company Recognition to Underscore Growth in AI Vehicle Inspections

UVeye Leverages Fast Company Recognition to Underscore Growth in AI Vehicle Inspections

New updates have been reported about UVeye. UVeye has been named to Fast Company’s 2026 World’s Most Innovative...

1h ago

Vectra AI Unveils Exposure Management Platform for AI-Centric Enterprises

Vectra AI Unveils Exposure Management Platform for AI-Centric Enterprises

New updates have been reported about Vectra AI. Vectra AI has introduced a major upgrade to its Vectra...

1h ago

Augury Integrates With MaintainX to Deliver Closed-Loop Industrial Maintenance Execution

Augury Integrates With MaintainX to Deliver Closed-Loop Industrial Maintenance Execution

New updates have been reported about Augury. Augury has launched a product integration with MaintainX that directly converts...

1h ago