Parallel Wireless
PrivateLast Round
Grant
Nov 28, 2023
Total Funding Raised
$35.92M
Company Overview
Parallel Wireless is a telecommunications company that provides an open and cloud-native radio access network (Open RAN) software platform designed to support 2G, 3G, 4G, and 5G mobile networks.
Sector
Telecommunications & Networking
Verticals
Wireless Infrastructure, 5G Infrastructure, Software-Defined Networking, Private Networks, Network Analytics
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting, Government Contracts, Hardware + Subscription
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Wireless 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 Wireless Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Nov 28, 2023 | ||||
| Grant | Sep 1, 2023 | ||||
| Debt | Apr 14, 2020 | ||||
| Series B | Jan 23, 2018 | ||||
| Debt | Feb 23, 2017 | ||||
Series A | Jul 21, 2015 |
Key People
Founding team and executive leadership
Parallel Wireless Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Wisconsin Economic Development Corporation | Series B |
| DN Capital | Series B, Series A |
| National Telecommunications and Information Administration | Grant |
| Raging Capital Management | Seed |
| Western Technology Investment | Debt |
| EchoVC Partners | Series B, Series A |
| Building Digital UK | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 28, 2023
$2M grant from National Telecommunications and Information Administration
- Sep 1, 2023
Secured $4M from Building Digital UK.
Parallel Wireless 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 Wireless's valuation, stock price, and market status.