COMPANY-PAR-0001 · TRANSPORTATION TRUCKING RAILROAD · ACTIVE
Parallel Systems
COMPANY-PAR-0001
[ FOUNDED ]
2020
[ HQ ]
Los Angeles, USA
[ FUNDING ]
$99M
[ STATUS ]
Operational
§01ABOUT
Parallel Systems builds autonomous battery-electric rail vehicles that operate in small platoons — reviving short-haul freight rail as a cost-competitive alternative to trucking.
§02FUNDING · LAST ROUND
| DATE | ROUND | AMOUNT | TOTAL RAISED |
|---|---|---|---|
| 2024.08 | Series B | $49M | $99M |
[ STEADY ]// HIRING VELOCITY
12OPEN REQS·+4 LAST 30D·→ STEADY
§ 03
OPEN ROLES · 8 OF 12 SHOWN
VIEW ALL 12 OPEN ROLES AT PARALLEL SYSTEMS→
§ 04
COMPANY NEWS · 4 ITEMS
ROBOTICS & AUTOMATION NEWS2MO AGO
Interview: Parallel Systems CEO Matt Soule on building ‘the world’s first autonomous freight rail system’ - Robotics & Automation News→
ROBOTICS & AUTOMATION NEWS3MO AGO
Parallel Systems raises $100 million to bring autonomous freight trains into mainstream logistics - Robotics & Automation News→
THE LOADSTAR3MO AGO
Comment The autonomous train nobody noticed... - The Loadstar→
PRECISION FARMING DEALER3MO AGO
Everyone Agrees Autonomous Systems Have a Place in Agriculture. So Why Aren't They Finding One? - Precision Farming Dealer→