Fundraising Fox

Parallel Works

Chicago, US · Founded 2015 · Delaware corporation

parallelworks.com

Founders & leadership

Parallel Works was founded in 2015 by Matthew Shaxted and Michael Wilde.

MSMatthew Shaxted
Matthew ShaxtedCo-founder
MW
Michael WildeCo-founder
MW
Michela WildeExecutive

Reported raises · per SEC filings

Form D private placements

$870K disclosed across 2 rounds · 2015–2016

$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
Full filing on SEC EDGAR ↗
$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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 5

by search overlap
Parallel 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
AgencyPhaseYearAmount
Department of EnergyPhase I2020$199.4K
Department of EnergyPhase I2019$224.5K
Department of EnergyPhase I2016$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.