Parallel
PrivateLast Round
Series A
Mar 19, 2026
Total Funding Raised
$25.35M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Parallel is a healthcare AI company that develops vertical AI agents to automate administrative workflows in hospitals, such as medical coding.
Sector
Enterprise Software
Verticals
Legal Tech, Workflow Automation, Document Management, Compliance
Business Model
B2B
Customer Profile
Subscription SaaS, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Comparables
Compare Parallel with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Tennr | 46% | |
| Keragon | 45% | |
| Uncovr | 42% | |
Parallel Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Mar 19, 2026 | ||||
| Seed | Apr 4, 2025 | ||||
| Pre Seed | Aug 29, 2023 |
Parallel Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Kima Ventures | Seed |
| Frazier Group | Pre Seed |
| Convoi Ventures | Pre Seed |
| Bpifrance | Seed |
| Penny Jar Capital | Pre Seed |
| Hexa | Series A |
| Y Combinator | Series A, Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 24, 2026
Grew 91% QoQ, from 11 to 21 employees.
- May 19, 2026
Monthly visitors grew 306% MoM, reaching 9.7K.
Parallel Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Parallel's valuation, stock price, and market status.