Parallel Works
Chicago, US · Founded 2015 · Delaware corporation
Founders & leadership
Parallel Works was founded in 2015 by Matthew Shaxted and Michael Wilde.
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Matthew ShaxtedCo-founder
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Michael WildeCo-founder
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Michela WildeExecutive
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.
Competitors · 5
by search overlapParallel Web Systems35 shared keywordsParallel builds infrastructure for AI agents to access, reason over, and transact with web data through declarative interfaces and open, verifiable markets. The platform serves AI systems that need structured access to distributed data, computation, and reasoning capabilities.
DataCamp33 shared keywordsDataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app. It serves enterprise customers and development teams seeking to build technical capabilities.
Netezza29 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Spacelift25 shared keywordsSpacelift 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.
Qiita24 shared keywordsQiita is a knowledge-sharing platform where engineers post, share, and edit technical articles, and follow users and tags. It serves software engineers and developers, primarily in Japan, as a community content and knowledge-sharing service.
Companies competing with Parallel Works for the same Google search keywords, organic and paid, via search-intersection analysis.
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.
