Parallel
PrivateLast Round
Series B
Apr 29, 2026
Est. Valuation
$2B
Total Funding Raised
$280M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Parallel is a technology company that provides web infrastructure and research APIs designed to enable AI agents to access, search, and extract structured data from the open web.
Sector
AI, Data & Cloud Infrastructure
Verticals
Cloud Infrastructure, Data Governance, ML Platforms, Defense Tech, Compliance & Risk
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Foundation
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Parallel Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Apr 29, 2026 | ||||
| Series A | Mar 19, 2026 | ||||
| Series A | Nov 12, 2025 | ||||
| Seed | Aug 18, 2025 | ||||
| Seed | Jan 9, 2024 |
Parallel Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Khosla Ventures | Series A, Series B, Seed |
| Hexa | Series A |
| Sequoia Capital | Series B |
| First Round Capital | Seed, Series A, Series B |
| Terrain | Seed, Series A, Series B |
| Y Combinator | Series A |
| Spark Capital | Series A, Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 29, 2026
$100M round led by Sequoia Capital
- Mar 19, 2026
$20M round completed.
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.