Parallel Systems
PrivateLast Round
Series C
Oct 7, 2026
Est. Valuation
$248M
Total Funding Raised
$195.59M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Parallel Systems operates in Mobility, Transportation & Logistics and is based in Los Angeles, California. Its latest recorded funding round was a Series C round in October 2026.
Parallel Systems is a logistics and supply chain company that manufactures autonomous battery-electric rail vehicles to provide a zero-emissions freight transportation system.
Sector
Mobility, Transportation & Logistics
Verticals
Autonomous Vehicles, Freight & Transportation, Clean Transportation, Electric Vehicles, Supply Chain
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting, Hardware + Subscription
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Systems Comparables
Compare Parallel Systems with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Intramotev | 84% | |
| OTIV | 77% | |
| Autonomous Intermodal LLC | 77% |
For institutional investors. Book with your work email.
Parallel Systems Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Oct 7, 2026 | ||||
| Series B | Apr 11, 2025 | ||||
| Grant | Feb 14, 2022 | ||||
| Series A | Jan 19, 2022 | ||||
| Seed | Jul 2, 2020 |
For institutional investors. Book with your work email.
Key People
Founding team and executive leadership
For institutional investors. Book with your work email.
Parallel Systems Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Milano Investment Partners | Series B |
| Atlantic Vantage Point | Series C |
| Embark Ventures | Grant, Seed, Series A |
| Riot Ventures | Grant, Seed, Series B, Series C, Series A |
| Interwoven Ventures | Series B |
| Collaborative Fund | Series B, Series C |
| Hillspire | Series C |
For institutional investors. Book with your work email.
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 7, 2026
$100M round led by Advance Venture Partners and Atlantic Vantage Point.
- Jul 27, 2026
Grew 24% QoQ, from 54 to 67 employees.
For institutional investors. Book with your work email.
Recent news
Latest coverage and updates
- is_developingSep 30, 2026
Parallel Systems, Inc. and Agility collaborate on the Autonomous Freight train, with plans to develop and commercially implement autonomous freight rail technology across the GCC and wider EMEA region, announced in United Arab Emirates on Sep 28th '26.
- partners_withSep 28, 2026
Parallel Systems, Inc. and Agility announced a collaboration to develop and deploy autonomous freight rail technology across the GCC and wider EMEA region in United Arab Emirates on Sep 28th '26.
- partners_withSep 28, 2026
Parallel Systems, Inc. and Agility Logistics Parks announce a strategic collaboration to develop, commercialise, finance and deploy autonomous rail freight systems across the GCC, wider EMEA region and other international markets on Sep 28th '26 in the United Arab Emirates.
For institutional investors. Book with your work email.
Parallel Systems Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Book a demoFor institutional investors. Book with your work email.
Frequently Asked Questions
Common questions about Parallel Systems's valuation, stock price, and market status.
Is Parallel Systems a public or private company?
Parallel Systems is a private company.
What is the current stock price of Parallel Systems?
Parallel Systems is a private company, so its shares have no public market price. Caplight tracks Parallel Systems's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Parallel Systems worth (valuation)?
Parallel Systems's valuation is estimated at $248.0M based on funding round data.
Can I buy Parallel Systems stock?
Parallel Systems shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Parallel Systems's last funding round?
Parallel Systems's most recent funding round was Series C on October 7, 2026.
Who are the main investors in Parallel Systems?
Key investors in Parallel Systems include Atlantic Vantage Point, Advance Venture Partners, Advance Venture Partners, Anthos Capital.
Will Parallel Systems IPO soon?
No public IPO plans have been announced for Parallel Systems.
How can I track Parallel Systems secondary market activity?
Caplight tracks bids, offers, and trades in Parallel Systems's shares on secondary markets.