Parallel Flight Technologies
PrivateLast Round
Grant
Sep 9, 2025
Est. Valuation
$83.1M
Total Funding Raised
$16.82M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Parallel Flight Technologies operates in Frontier & Industrial Tech and is based in La Selva Beach, California. Its latest recorded funding round was a Grant round in September 2025.
Parallel Flight Technologies is an aerospace company that develops heavy-lift, long-duration unmanned aircraft systems using patented parallel hybrid propulsion technology for firefighting, logistics, and industrial applications.
Sector
Frontier & Industrial Tech
Verticals
Drones & UAVs, Defense Tech, Freight & Transportation
Business Model
B2G
Customer Profile
Hardware Sales, Government Contracts, Services & Consulting, Hardware + Subscription
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Flight Technologies Comparables
Compare Parallel Flight Technologies with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Skyfront | 87% | |
| Harris Aerial | 85% | |
| Sabrewing Aircraft Company | 83% |
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Parallel Flight Technologies Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Sep 9, 2025 | ||||
| Grant | Oct 2, 2024 | ||||
| Grant | Sep 27, 2023 | ||||
| Crowdfunding | May 17, 2023 | ||||
| Crowdfunding | Jun 28, 2022 | ||||
Grant | Jul 29, 2021 |
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Key People
Founding team and executive leadership
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Parallel Flight Technologies Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| U.S. Department of Defense (DIU) | Grant |
| Office of Naval Research | Grant |
| National Security Innovation Capital | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 12, 2026
Monthly visitors increased 48% MoM.
- Aug 21, 2026
Monthly visitors grew 38% MoM.
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Recent news
Latest coverage and updates
- partners_withOct 15, 2026
On Oct 15th '26 in California, Parallel Flight partners with Drone Forge to distribute, integrate, and operate the Firefly platform across the Asia-Pacific region, initially focusing on Australia and its territories.
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Parallel Flight Technologies 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.
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Frequently Asked Questions
Common questions about Parallel Flight Technologies's valuation, stock price, and market status.
Is Parallel Flight Technologies a public or private company?
Parallel Flight Technologies is a private company.
What is the current stock price of Parallel Flight Technologies?
Parallel Flight Technologies is a private company, so its shares have no public market price. Caplight tracks Parallel Flight Technologies's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Parallel Flight Technologies worth (valuation)?
Parallel Flight Technologies's valuation is estimated at $83.1M based on funding round data.
Can I buy Parallel Flight Technologies stock?
Parallel Flight Technologies shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Parallel Flight Technologies's last funding round?
Parallel Flight Technologies's most recent funding round was Grant on September 9, 2025.
Who are the main investors in Parallel Flight Technologies?
Key investors in Parallel Flight Technologies include U.S. Department of Defense (DIU), Office of Naval Research.
Will Parallel Flight Technologies IPO soon?
No public IPO plans have been announced for Parallel Flight Technologies.
How can I track Parallel Flight Technologies secondary market activity?
Caplight tracks bids, offers, and trades in Parallel Flight Technologies's shares on secondary markets.