Parallel Systems
Parallel Systems is pioneering the development of the world's first autonomous battery-electric rail system. The company is set to launch its initial commercial pilot, having received approval from the Federal Railroad Administration to operate its innovative railcars along a 160-mile stretch of railroads in Georgia. This advancement marks a significant step toward the commercialization of sustainable and autonomous rail transport solutions.
Leadership & Board
Latest Estimated Valuation
- Estimated Valuation
- ―
- Total Amount Raised
- $138M
- Total Funding Rounds
- 2
- Latest Funding Amount
- $100M
- Latest Funding Round
- Series C
- Post-Money Valuation
- ―
Funding Round
| Funding Date | Funding Round | Amount Raised | Post-Money Valuation |
|---|---|---|---|
| Oct 07, 2026 | Series C | $100.00M | ― |
| Apr 14, 2025 | Series B | $38.00M | ― |
Investors
| Investor Name | Funding Round |
|---|---|
| AVP | Series C |
| Hillspire | Series C |
| Agility Global | Series C |
| Cobalt Capital | Series C |
| Anthos Capital | Series C |
| Congruent Ventures | Series C |
| Riot Capital | Series C |
| Collaborative Fund | Series C |
Similar Companies
A snapshot of private companies similar to Parallel Systems, helping you discover and navigate related company profiles.
Related News and Analysis
