Parallel Systems
PrivateLast Round
Series B
Apr 14, 2025
Est. Valuation
$248M
Total Funding Raised
$49.64M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Parallel Systems is a transportation and technology company that manufactures autonomous battery-electric rail vehicles to provide a zero-emissions freight transportation system.
Sector
Mobility, Transportation & Logistics
Verticals
Freight & Transportation, Autonomous Vehicles, Clean Transportation, Electric Vehicles, Logistics Software
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Systems Comparables
Compare Parallel Systems with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Intramotev | 89% | |
| Glīd Technologies | 76% | |
| Wabtec Corporation | 66% | |
Parallel Systems Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Apr 14, 2025 | ||||
| Grant | Feb 14, 2022 | ||||
| Seed | Jul 2, 2020 |
Parallel Systems Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Milano Investment Partners | Series B |
| Embark Ventures | Grant, Seed |
| Riot Ventures | Grant, Seed, Series B |
| Interwoven Ventures | Series B |
| Collaborative Fund | Series B |
| Congruent Ventures | Grant, Seed, Series B |
| 8090 Industries | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 3, 2026
Job posting reveals development of the 'Mk3 platform' for autonomous rail vehicles.
- Jan 1, 2026
First customer vehicles planned for production in 2026.
Parallel Systems 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 Systems's valuation, stock price, and market status.