Parallel Flight Technologies
La Selva Beach, US · Founded 2018 · Delaware corporation · 1 known investors
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 Alan Resnick and Joshua Resnick.
JA
Joshua Alan ResnickCo-founder
JR
Joshua ResnickinCo-founder
CS
Craig StevensCEO
DA
David AdamsDirector of Hardware + Systems
BH
Bobby HulterDirector of Software + Controls
Investors · 1
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.
Competitors · 7
by search overlap
Inspiredflight40 shared keywordsInspired Flight Technologies designs and manufactures NDAA-compliant drone systems for inspection, mapping, research, and public safety applications. The company produces American-made aerial platforms built for reliability and secure architecture.
Skyfront18 shared keywordsSkyfront develops long-endurance hybrid-electric drones for defense and commercial applications, including surveillance and detection missions. The company's Perimeter drone achieves up to 13 hours of flight time while carrying large sensor payloads at a lower cost than traditional manned aircraft.
Hoverfly Technologies15 shared keywordsHoverfly Technologies manufactures tethered unmanned aerial systems for government and commercial markets, enabling persistent surveillance, targeting, and communications relay through continuous power and data delivery via a persistent tether link. The company serves armed forces branches and defense industry partners with integrated aerial platforms and open-API software solutions.
Liftaircraft14 shared keywordsLIFT Aircraft develops a new type of personal, electric vertical-takeoff aircraft and operates an experiential entertainment business that lets everyday people fly. It aims to make personal, vertical flight accessible beyond traditional pilots.
Sifly13 shared keywordsSiFly builds NDAA-compliant, fully-electric VTOL drones with long endurance (over 2 hours in hover, 3 hours in forward flight) and heavy-lift capacity as an alternative to light utility helicopters. Its autonomous rotorcraft serve mapping, inspection, logistics, search & rescue, and public safety operations with onboard intelligence and remote-operation networking.
Firefly Aerospace11 shared keywordsFirefly Aerospace launches, lands, and operates space systems spanning Earth orbit to the Moon and cislunar space, serving customers such as commercial companies, NASA, and the U.S. Space Force. It develops the Alpha and Eclipse launch vehicles, Blue Ghost lunar landers, and Elytra orbital vehicles for payload delivery and in-space services.
Autoflight10 shared keywordsAutoFlight develops electric vertical takeoff and landing (eVTOL) aircraft and works with aviation regulators including Europe's EASA, China's CAAC, and the UAE's GCAA on safety certification.
Companies competing with Parallel Flight Technologies for the same Google search keywords, organic and paid, via search-intersection analysis.
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 Alan Resnick, Joshua Resnick in 2018.
- Who are Parallel Flight Technologies's investors?
- Parallel Flight Technologies's investors include Launch Alaska Investment Fund.
- Where is Parallel Flight Technologies headquartered?
- Parallel Flight Technologies is headquartered in La Selva Beach, US.