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Parasail Raises $32M in Series A Funding led by Touring Capital and Kindred Ventures to expand operations.

PRIVATEApr 15, 2026

Amount Raised

$32 Million

Round Type

Series A

Artificial IntelligenceMachine LearningCloud Infrastructure

Investors

Flume VenturesBanyan VenturesKindred VenturesSamsung NEXTTouring Capital

Description

Parasail, based in San Mateo, CA, raised $32M in Series A funding. The round was led by Touring Capital and Kindred Ventures with participation from Samsung Next, Flume Ventures, and Banyan Ventures. The company plans to use the funds to expand operations and development efforts. Parasail provides scalable, on-demand access to high-performance cloud GPUs for AI tasks.

Quick answer

Parasail raised $32 Million in a Series A round, dated April 15, 2026. Investors: Flume Ventures, Banyan Ventures, Kindred Ventures, Samsung NEXT and Touring Capital.

How much did Parasail raise?
Parasail raised $32 Million in a Series A round on April 15, 2026.
Who invested in Parasail?
Flume Ventures, Banyan Ventures, Kindred Ventures, Samsung NEXT and Touring Capital are named as investors in this round.
What does Parasail do?
Parasail is a developer of a deployment network for AI agents based in San Mateo, CA.
Where is Parasail based and how big is it?
Fundz records about 23 employees.
Who are the decision-makers at Parasail?
Fundz holds 1 contact at Parasail, including the CEO and Co-Founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Cloud Infrastructure and Artificial Intelligence around the same time

Companies in the same sectors as Parasail that raised within 45 days of this round, from Fundz verified event records.

  • OpenRouter raised $113M (Series B) on May 26, 2026.
  • VAST Data raised $1B (Funding Round) on April 22, 2026.
  • NudgeBee raised $3M (Seed) on April 21, 2026.
  • Arycs Technologies raised $24M (Funding Round) on March 11, 2026.
  • Nexthop AI raised $500M (Series B) on March 10, 2026.
  • Azio AI Holdings, Inc. raised $3.9M on March 6, 2026.

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Company Information

Company

Parasail

About

Parasail is a developer of a deployment network for AI agents based in San Mateo, CA. The company provides businesses with high-performance cloud GPUs for demanding AI tasks without the need for costly hardware investments. By aggregating AI hardware providers, Parasail offers scalable, on-demand access to computing resources, simplifying infrastructure management. This enables companies to efficiently deploy advanced AI solutions and focus on innovation.

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Related People

1 contact
Verified contactsMike H., CEO and Co-Founder hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Parasail 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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