Parallel Flight Technologies
PrivateLast Round
Grant
Sep 9, 2025
Est. Valuation
$83.1M
Total Funding Raised
$16.82M
Momentum Score
25 /100
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
Aviation & Drones, Defense Tech, Freight & Transportation, Environmental Monitoring
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.
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
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| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
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