Daily Crunch: Electric Rail Vehicle Startup Parallel Systems Raises A $49.55M Series A
Amount Raised
$49.6 Million
Round Type
Series A
Los AngelesInformation TechnologyTransportationAutomotiveLogisticsDescription
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Quick answer
Parallel Systems, Inc. raised $49.6 Million in a Series A round, dated January 19, 2022. Parallel Systems, Inc. is based in Los Angeles, California, United States.
- How much did Parallel Systems, Inc. raise?
- Parallel Systems, Inc. raised $49.6 Million in a Series A round on January 19, 2022.
- What does Parallel Systems, Inc. do?
- Putatively a Series C, the investment comes after the company raised a huge $200 million Series A and a similarly large $100 million Series B. The firm now has $1.25 billion under management.
- Where is Parallel Systems, Inc. based and how big is it?
- Parallel Systems, Inc. is based in Los Angeles, California, United States. Fundz records about 11 employees.
- Who are the decision-makers at Parallel Systems, Inc?
- Fundz holds 3 contacts at Parallel Systems, Inc., including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Parallel Systems, Inc. that raised within 45 days of this round, from Fundz verified event records.
- RideNow Group, Inc. raised an undisclosed amount (Funding Round) on February 7, 2022.
- Slip Robotics raised $5.4M on March 2, 2022.
- Encompass Supply Chain Solutions raised an undisclosed amount (Corporate Round) on February 23, 2022.
- Altigreen Propulsion Labs raised $39M (Funding Round) on February 10, 2022.
- Redkik and Cargo Power Network raised an undisclosed amount on February 9, 2022.
- Xpressbees raised $300M (Funding Round) on February 9, 2022.
Who to call at Parallel Systems, Inc., and when
A new round usually means Parallel Systems, Inc. is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Parallel Systems, Inc. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Parallel Systems, Inc., from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Parallel Systems, Inc.. With Fundz connected, it knows.
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Fundz sees it the moment Parallel Systems, Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansParallel Systems, Inc. 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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