Parallel Flight Technologies
PrivateLast Round
Grant
Sep 9, 2025
Est. Valuation
$83.1M
Total Funding Raised
$16.82M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Parallel Flight Technologies is an aerospace company that develops heavy-lift, long-duration unmanned aircraft systems using patented parallel hybrid propulsion technology for firefighting, logistics, and industrial applications.
Sector
Frontier & Industrial Tech
Verticals
Drones & UAVs, Defense Tech, Freight & Transportation, Environmental Monitoring, Maritime & Shipping
Business Model
B2G
Customer Profile
Hardware Sales, Government Contracts, Services & Consulting, Hardware + Subscription
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Flight Technologies 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 Flight Technologies Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Sep 9, 2025 | ||||
| Grant | Oct 2, 2024 | ||||
| Grant | Sep 27, 2023 | ||||
| Crowdfunding | May 17, 2023 | ||||
| Crowdfunding | Jun 28, 2022 | ||||
Grant | Jul 29, 2021 |
Parallel Flight Technologies Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| U.S. Department of Defense (DIU) | Grant |
| Office of Naval Research | Grant |
| National Security Innovation Capital | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Feb 11, 2026
Secured a U.S. Office of Naval Research program contract.
- Feb 11, 2026
Developing heavy-fuel UAS technology for naval research via partnership.
Parallel Flight Technologies 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 Flight Technologies's valuation, stock price, and market status.