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
19OPEN REQS·+3 LAST 30D·→ STEADY
§ 03
OPEN ROLES · 8 OF 19 SHOWN
VIEW ALL 19 OPEN ROLES AT PARALLEL SYSTEMS→
§ 04
COMPANY NEWS · 6 ITEMS
DC VELOCITY1D AGO
Autonomous freight rail company Parallel Systems gains $100 million - DC Velocity→
CITYBIZ1D AGO
Parallel Systems Raises $100 Million to Commercialize Autonomous Freight Rail - citybiz→
PULSE 2.01D AGO
Parallel Systems Raises $100 Million Series C To Commercialize Autonomous Freight Rail - Pulse 2.0→
TIPRANKS1D AGO
Parallel Systems Secures $100 Million Series C to Scale Autonomous Freight Rail Platform - TipRanks→
NEWS.LAVX.HU1D AGO
SpaceX alumni raise $100M for autonomous freight trains - news.lavx.hu→
TRADINGVIEW1D AGO
Parallel Systems Closes About $100 Million In New Funding To Commercialize Autonomous Freight Rail System - TradingView→