Parallel raised $20M in Series A funding to accelerate growth and scale operations.
Amount Raised
$20 Million
Round Type
Series A
FranceInformation TechnologySoftwareHealth CareArtificial IntelligenceMachine LearningInvestors
Description
Parallel has successfully secured $20M in Series A funding. The investment will be used to accelerate growth and scale operations. This significant round was led by key investors committed to enhancing the company's product offerings. The funding marks a pivotal moment in Parallel's journey towards innovation in its sector.
Quick answer
Parallel raised $20 Million in a Series A round, dated March 19, 2026. Investors: Y Combinator, Quentin De Metz, Felix Blossier, Arthur Mensch, Hexa, Frst and Index Ventures. Parallel is based in France.
- How much did Parallel raise?
- Parallel raised $20 Million in a Series A round on March 19, 2026.
- Who invested in Parallel?
- Y Combinator, Quentin De Metz, Felix Blossier, Arthur Mensch, Hexa, Frst and Index Ventures are named as investors in this round.
- What does Parallel do?
- Parallel is a French startup developing AI agents to assist healthcare providers by automating time-consuming tasks, beginning with medical coding.
- Where is Parallel based and how big is it?
- Parallel is based in France.
- Who are the decision-makers at Parallel?
- Fundz holds 1 contact at Parallel, including the Administrative Assistant. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software and Health Care around the same time
Companies in the same sectors as Parallel that raised within 45 days of this round, from Fundz verified event records.
- Dehaze GmbH raised $3.7M (Seed) on April 28, 2026.
- Ultralight raised $9.3M (Seed) on April 14, 2026.
- Omniscient raised $4.1M (Pre-Seed) on April 2, 2026.
- Long Tail raised an undisclosed amount (Corporate Round) on April 1, 2026.
- Optura raised $18M (Series A) on March 23, 2026.
- Optura raised $13M on March 23, 2026.
Who to call at Parallel, and when
A new round usually means Parallel is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Parallel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Parallel, from your own LinkedIn network
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Funding Insights
What this usually meansParallel raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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