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Parallel Systems

66 employees

Parallel Systems designs an autonomous, zero-emissions freight transportation system.

Basic info

Industry

railroad equipment manufacturing

Sectors

Autonomous Vehicles
Transportation
Freight Service
GreenTech

Date founded

2020

Funding rounds raised

Total raised

$50M

from 6 investors over 6 rounds

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Parallel Systems raised $50M on January 19, 2022

Investors: Anthos Capital, Congruent Ventures, Riot Ventures and Embark Ventures

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Parallel Systems raised $3.8M on June 22, 2020

Investors: Congruent Ventures and Embark Ventures

FAQ