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Parallel Systems
Los Angeles, US · Founded 2020 · Delaware corporation · 68 employees on LinkedIn · 6 known investors
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Parallel manufactures automated, battery-electric rail vehicles to enable railroads to serve shorter routes and lower-density markets traditionally served by trucking. The company targets railroads as customers and focuses on reducing freight transportation costs, pollution, and road congestion.
Founders & leadership
Parallel Systems was founded in 2020 by John Howard, Benjamin Stabler, and Matt Soule.
Board
Investors · 6
How we know: funding news · finance.yahoo.com · collabfund.com · Not right? Tell us
How we know: Congruent Ventures's portfolio page · a partner's Signal profile · funding news · finance.yahoo.com · the VCSheet dataset · Not right? Tell us
How we know: Embark Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Interwoven Ventures's portfolio page · Not right? Tell us
How we know: Riot Ventures's portfolio page · funding news · finance.yahoo.com · the VCSheet dataset · Not right? Tell us
How we know: funding news · finance.yahoo.com · Not right? Tell us
Funding
SEC filings, press & company announcements$41.8M disclosed across 2 of 3 rounds · 2020–2025
- $38MSeries BApr 2025 · 2 sources
Anthos Capital (lead), Collaborative Fund, Congruent Ventures, Riot Ventures
Source ↗ - Undisclosed amountSeries AJan 2022Source ↗
▶$3.8MraisedJul 2020 · 9 investors · Other TechnologyRule 506(b)
- John HowardExecutive Officer, Director
- Joshua PosamentierDirector
- Matthew SouleExecutive Officer, Director
- Offering amount
- $3.8M
- Amount sold
- $3.8M
- First sale
- Jun 2020
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 4
Companies working in the same space as Parallel Systems.
In the news
Frequently asked questions
- What does Parallel Systems do?
- Parallel manufactures automated, battery-electric rail vehicles to enable railroads to serve shorter routes and lower-density markets traditionally served by trucking. The company targets railroads as customers and focuses on reducing freight transportation costs, pollution, and road congestion.
- Who founded Parallel Systems?
- Parallel Systems was founded by John Howard, Benjamin Stabler, Matt Soule in 2020.
- Who are Parallel Systems's investors?
- Parallel Systems's investors include Collaborative Fund, Congruent Ventures, Embark Ventures, Interwoven Ventures, Riot Ventures, Anthos Capital.
- How much funding has Parallel Systems raised?
- Parallel Systems has disclosed $41.8M raised across 2 of its 3 known rounds.
- Where is Parallel Systems headquartered?
- Parallel Systems is headquartered in Los Angeles, US.