Parallel Systems
PrivateLast Round
Series B
Apr 14, 2025
Est. Valuation
$248M
Total Funding Raised
$49.64M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Parallel Systems is a transportation and technology company that manufactures autonomous battery-electric rail vehicles to provide a zero-emissions freight transportation system.
Sector
Mobility, Transportation & Logistics
Verticals
Freight & Transportation, Autonomous Vehicles, Clean Transportation, Electric Vehicles, Logistics Software
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting
AI Layer
Application
Keywords
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 | 89% | |
| Glīd Technologies | 76% | |
| Wabtec Corporation | 66% |
Parallel Systems Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Apr 14, 2025 | ||||
| Grant | Feb 14, 2022 | ||||
| Seed | Jul 2, 2020 |
Parallel Systems Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Milano Investment Partners | Series B |
| Embark Ventures | Grant, Seed |
| Riot Ventures | Grant, Seed, Series B |
| Interwoven Ventures | Series B |
| Collaborative Fund | Series B |
| Congruent Ventures | Grant, Seed, Series B |
| 8090 Industries | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 27, 2026
Grew 24% QoQ, from 54 to 67 employees.
- Jun 5, 2026
Assembling first production autonomous battery-electric rail vehicles.
Recent news
Latest coverage and updates
- partners_withSep 28, 2026
Parallel Systems, Inc. partnered with Agility on Sep 28th '26.
- partners_withSep 28, 2026
Parallel Systems, Inc. partnered with Agility Logistics Parks on Sep 28th '26.
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.
Request accessFrequently 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 with no public stock price. No recent secondary market data is available.
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. Visit https://www.caplight.com to learn more.
When was Parallel Systems's last funding round?
Parallel Systems's most recent funding round was Series B on April 11, 2025.
Who are the main investors in Parallel Systems?
Key investors in Parallel Systems include 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 for private companies. Visit https://www.caplight.com to monitor Parallel Systems's secondary market activity and sign up for updates.