Parallel
PrivateLast Round
Series B
Apr 29, 2026
Est. Valuation
$2B
Total Funding Raised
$260M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Parallel operates in AI, Data & Cloud Infrastructure and is based in the United States. Its latest recorded funding round was a Series B round in April 2026.
Parallel is a technology company that provides web infrastructure and research APIs designed to enable AI agents to access, search, and extract structured data from the open web.
Sector
AI, Data & Cloud Infrastructure
Verticals
Cloud Infrastructure, Data Governance, ML Platforms, Defense Tech, Compliance & Risk
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Foundation
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Comparables
Compare Parallel with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Parallel Works | 77% | |
| Palo Alto Networks | 76% | |
| NVIDIA | 71% |
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Parallel Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Apr 29, 2026 | ||||
| Series A | Nov 12, 2025 | ||||
| Seed | Aug 18, 2025 | ||||
| Seed | Jan 9, 2024 |
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Parallel Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Khosla Ventures | Series A, Series B, Seed |
| Sequoia Capital | Series B |
| First Round Capital | Seed, Series A, Series B |
| Terrain | Seed, Series A, Series B |
| Spark Capital | Series A, Series B |
| Index Ventures | Seed, Series B, Series A |
| Kleiner Perkins | Series B, Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 20, 2026
Grew 32% QoQ, from 102 to 135 employees.
- Aug 24, 2026
Grew 64% quarter-over-quarter, from 77 to 126 employees.
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Recent news
Latest coverage and updates
- launchesNov 11, 2026
Parallel launches Scale, a self-serve plan that gives teams taking agents into production higher rate limits and Zero Data Retention without an enterprise contract, on Nov 11th '26.
- launchesOct 29, 2026
Parallel launches the Parallel Slack agent on Oct 29th '26, enabling teams to monitor web changes, receive sourced alerts in Slack channels, and get cited answers in threads.
- launchesOct 25, 2026
Parallel launches the Parallel Decisions API, a decision engine with built-in world knowledge that grounds fast classifications in live web data, on Oct 25th '26.
- launchesSep 15, 2026
Parallel launches the Search Capability Leaderboard on Sep 15th '26 to help developers choose language models for web-search applications, evaluating 24 open- and closed-source models on answer accuracy, cost, and cost efficiency.
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Parallel 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's valuation, stock price, and market status.
Is Parallel a public or private company?
Parallel is a private company.
What is the current stock price of Parallel?
Parallel is a private company, so its shares have no public market price. Caplight tracks Parallel's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Parallel worth (valuation)?
Parallel's valuation is estimated at $2.0B based on funding round data.
Can I buy Parallel stock?
Parallel shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Parallel's last funding round?
Parallel's most recent funding round was Series B on April 29, 2026.
Who are the main investors in Parallel?
Key investors in Parallel include Khosla Ventures, Sequoia Capital, Index Ventures, Kleiner Perkins.
Will Parallel IPO soon?
No public IPO plans have been announced for Parallel.
How can I track Parallel secondary market activity?
Caplight tracks bids, offers, and trades in Parallel's shares on secondary markets.