Parallel

Parallel

Private
San Francisco, CaliforniaAI, Data & Cloud Infrastructurehttps://www.parallel.ai

Last Round

Series B

Apr 29, 2026

Est. Valuation

$2B

Total Funding Raised

$280M

Momentum Score

25 /100

Company Overview

Parallel is a technology company specializing in advanced artificial intelligence systems that leverage web data through an innovative application programming interface, enhancing user access and computational capabilities on the web.

Sector

AI, Data & Cloud Infrastructure

Verticals

NLP & Conversational AI, API Management, Cloud Infrastructure, Workflow Automation

Business Model

B2B

Customer Profile

Usage-Based SaaS, Data as a Service, Services & Consulting

AI Layer

Infrastructure

Keywords

AI search infrastructureAI research APIAI agent infrastructureretrieval as a servicedeep research APIRAG infrastructureAI web researchstructured data extractionAI scrapingAI web crawlerAI agent toolsweb intelligence APIusage-based APIdata as a servicePaaS

Historical Pricing

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Caplight Momentum Score

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Parallel 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 Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series BApr 29, 2026
Series AMar 19, 2026
Series ANov 12, 2025
SeedAug 18, 2025
SeedJan 9, 2024

Parallel Investors

Notable investors and investment history

InvestorRounds
Khosla VenturesSeries A, Series B, Seed
HexaSeries A
Sequoia CapitalSeries B
First Round CapitalSeed, Series A, Series B
TerrainSeed, Series A, Series B
Y CombinatorSeries A
Spark CapitalSeries A, Series B

Market signals

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  • Apr 29, 2026

    $100M round led by Sequoia Capital

  • Mar 19, 2026

    $20M round completed.

Parallel Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Parallel Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSan Francisco, California
Employee Range53
Year Founded2024
Last FundingApr 29, 2026

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