Parallel Bio

Parallel Bio

Private
Cambridge, MassachusettsHealthcare & Life Scienceshttps://www.parallel.bio

Last Round

Series A

Jun 12, 2025

Total Funding Raised

$25.43M

Company Overview

Parallel Bio is a biotechnology company that pioneers human-first drug discovery by combining immune organoids with artificial intelligence. Its platform, referred to as "Clinical Trial in a Dish," replicates the human immune system to test the safety and efficacy of new immunotherapies on diverse human models at the earliest stages of development. The company partners with pharmaceutical firms to more accurately predict drug success, aiming to significantly reduce the high failure rates, costs, and long timelines associated with traditional animal testing. Parallel Bio has raised nearly $30 million in funding, including a $21 million Series A round in June 2025, to scale its platform and expand its partnerships.

Sector

Healthcare & Life Sciences

Verticals

Drug Discovery, Biotechnology, Clinical Trials, Medical AI

Business Model

B2B

Customer Profile

Services & Consulting, Data as a Service

AI Layer

Application

Keywords

clinical trial in a dishimmune organoidshuman organoidslymph-node organoidsAI drug discoverypreclinical testinganimal testing alternativeimmunotherapy testingorganoid platformin vitro testingorgan-on-a-chippatient-on-a-chiplab automationdrug development platformdrug de-risking

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Parallel Bio Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Parallel Bio Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series AJun 12, 2025
SeedDec 20, 2022
SeedSep 1, 2021

Key People

Founding team and executive leadership

Robert M. DiFazio

Co-Founder CEO

Founding Team

Parallel Bio Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 1, 2026

    Data supports partner's FDA filing for Phase 1 trial.

  • Mar 1, 2026

    Executed 10 pharma contracts with strong year-over-year revenue growth.

Parallel Bio Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Parallel Bio Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersCambridge, Massachusetts
Employee Range33
Year Founded2021
Last FundingJun 12, 2025

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