Fundraising FoxParallel Works
Chicago, US · Founded 2015 · Delaware corporation
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Founders & leadership
Parallel Works was founded in 2015 by Matthew Shaxted and Michael Wilde.
Reported raises · per SEC filings
Form D private placements$870K disclosed across 2 rounds · 2015–2016
▶$500KraisedJan 2017 · 1 investors · ComputersRule 506(b)
▶$500KraisedJan 2017 · 1 investors · Computers
Rule 506(b)Officers, directors & promoters on the filing
- Matthew ShaxtedExecutive Officer, Director
- Michela WildeExecutive Officer, Director
- Michael WildeExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $500K
- First sale
- Dec 2016
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$370KraisedFeb 2016 · 2 investors · ComputersRule 506(b)
▶$370KraisedFeb 2016 · 2 investors · Computers
Rule 506(b)Officers, directors & promoters on the filing
- Matthew ShaxtedExecutive Officer, Director
- Michael WildeExecutive Officer, Director
- Michela WildeExecutive Officer, Director
- Offering amount
- $370K
- Amount sold
- $370K
- First sale
- May 2015
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 5
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SpiceworksSocial business network for IT that is transforming how $1 trillion worth of technology products and services is marketed and sold each year to small and mid-sized businesses worldwide.
SpaceliftSpacelift is an infrastructure orchestration platform that combines Infrastructure-as-Code, GitOps pipelines, and an AI assistant to let developers provision and manage cloud infrastructure while platform teams retain governance and control. It is offered as managed SaaS, self-hosted, on-prem/air-gapped, and FedRAMP-authorized SaaS, targeting platform and infrastructure engineering teams.
QiitaQiita provides platforms for engineers to record, share, and collaborate on technical knowledge and documentation. The company operates in the developer tools and knowledge-sharing space.
Companies working in the same space as Parallel Works.
Non-dilutive funding · 3 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of Energy | Phase I | 2020 | $199.4K |
| Department of Energy | Phase I | 2019 | $224.5K |
| Department of Energy | Phase I | 2016 | $149.7K |
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
- Who founded Parallel Works?
- Parallel Works was founded by Matthew Shaxted, Michael Wilde in 2015.
- How much funding has Parallel Works raised?
- Parallel Works has disclosed $870K raised across 2 rounds.
- Where is Parallel Works headquartered?
- Parallel Works is headquartered in Chicago, US.