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Parallel Flight Technologies
La Selva Beach, US · Founded 2018 · Delaware corporation · 2 known investors
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Parallel Flight develops heavy-lift unmanned aerial vehicle (drone) technology for applications such as aerial firefighting and industrial operations. The company builds hardware, systems, and control software for long-endurance heavy-payload drones.
Founders & leadership
Parallel Flight Technologies was founded in 2018 by Joshua Resnick.
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Joshua ResnickCo-founderJoshua Resnick worked as an engineer and machinist in Alaska for 12 years, running a marine power systems company and teaching physics at University of Alaska Anchorage, before joining Tesla to lead system architecture and low-voltage engineering on the Semi-Truck program. He is co-founder and CEO of Parallel Flight Technologies, which develops heavy-lift unmanned aerial vehicle technology for applications including aerial firefighting and industrial operations.
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Craig StevensCEOCraig Stevens has over 35 years of engineering and management experience across the semiconductor, solar, and aerospace industries. He is CEO of Parallel Flight Technologies, which develops heavy-lift unmanned aerial systems for applications including firefighting and industrial operations.
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David AdamsDirector of Hardware + SystemsHe is a former Navy submarine officer with prior experience as a hardware and software engineer in semiconductor fabrication equipment and surgical robotics.
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Bobby HulterDirector of Software + ControlsElectrical engineer with 8 years of experience in systems design, power architecture, PCB layout, motion control systems, RF integration, and manufacturing engineering at a solar technology startup, where he developed control software and machine vision modules.
Investors · 2
Reported raises · per SEC filings
Form D private placements▶$1.5MofferedJun 2020 · Other TechnologyRule 506(c)
▶$1.5MofferedJun 2020 · Other Technology
Rule 506(c)Officers, directors & promoters on the filing
- Joshua Alan ResnickExecutive Officer
- Offering amount
- $1.5M
- Minimum investment
- $2.5K
- Proceeds to insiders
- $218.8K
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06c
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Companies working in the same space as Parallel Flight Technologies.
Non-dilutive funding · 4 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of Agriculture (USDA) | Phase II | 2021 | $650K |
| National Science Foundation | Phase I | 2020 | $225K |
| Department of Agriculture (USDA) | Phase I | 2020 | $100K |
| NASA | Phase I | 2019 | $124.4K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does Parallel Flight Technologies do?
- Parallel Flight develops heavy-lift unmanned aerial vehicle (drone) technology for applications such as aerial firefighting and industrial operations. The company builds hardware, systems, and control software for long-endurance heavy-payload drones.
- Who founded Parallel Flight Technologies?
- Parallel Flight Technologies was founded by Joshua Resnick in 2018.
- Who are Parallel Flight Technologies's investors?
- Parallel Flight Technologies's investors include Launch Alaska Investment Fund, Sand Hill Angels.
- Where is Parallel Flight Technologies headquartered?
- Parallel Flight Technologies is headquartered in La Selva Beach, US.