Parallel Systems
Parallel
Los Angeles, United States · Founded 2020 · $91.2M raised
- Headquarters
- Los Angeles, California
- Employees
- 51–200
- Founded
- 2020
- Business Model
- B2B
- Website
- moveparallel.com
- Total Funding
- $91.2M
- Last Round
- $38.0M Series BApr 2025
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Parallel Systems develops autonomous, battery-electric rail vehicles that integrate into today's rail operations to deliver a safer, cheaper alternative to trucking. Its vehicles haul intermodal containers up to 500 miles on a single charge, self-sort and assemble into platoons, and transmit vehicle health and position data through onboard sensors. The company's software integrates with railroad business and train control systems so railroads can serve shorter and lower-density routes at prices competitive with trucks, while reducing highway congestion and pollution.
Summary
Parallel Systems is an Autonomous Vehicles company based in Los Angeles, United States, founded in 2020. It has raised $91.2M in total across 3 rounds, most recently a $38.0M Series B round in Apr 2025. Investors include Anthos Capital, Congruent Ventures and Milano Investment Partners.
Tech & App Stack
7 technologies & apps tracked
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Funding History
Apr 2025
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Funding: Seed through Series B. Amounts, valuations, and investors where available.
Investors
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