Parallel Systems

Los Angeles, United States

Parallel Systems is an autonomous, battery-electric rail system that aims to transition freight transportation from trucking to rail.

$38.0M raised

Apr 2025

Series B

Autonomous Vehicles Freight Service GreenTech Transportation

Top Investors

Riot VenturesCongruent VenturesAnthos CapitalCollaborative FundEmbark Ventures

Founder Contacts

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Frequently Asked Questions about Parallel Systems

How much funding has Parallel Systems raised?

Parallel Systems has raised $38.0M in total funding. The most recent round was Series B. The last funding was announced in April 2025.

Who are Parallel Systems's investors?

Parallel Systems's investors include Riot Ventures, Congruent Ventures, Anthos Capital, Collaborative Fund, Embark Ventures.

Where is Parallel Systems headquartered?

Parallel Systems is headquartered in Los Angeles, United States.

What does Parallel Systems do?

Parallel Systems is an autonomous, battery-electric rail system that aims to transition freight transportation from trucking to rail.

What stage is Parallel Systems at?

Parallel Systems is at the Series B stage.

Cite this page

Free to use in articles, research, and reference works. Stable URL — will not change. Data on this page last updated April 14, 2025.

MLA

"Parallel Systems — Funding & Investors." VCBacked, April 14, 2025, https://www.vcbacked.co/company/parallel-systems. Accessed June 4, 2026.

APA

VCBacked. (2025). Parallel Systems — Funding & Investors. Retrieved June 4, 2026, from https://www.vcbacked.co/company/parallel-systems

Wikipedia (cite web)

{{cite web |title=Parallel Systems — Funding & Investors |url=https://www.vcbacked.co/company/parallel-systems |website=VCBacked |access-date=June 4, 2026}}

Profile data sourced and verified per the VCBacked methodology. Last funding round dated April 14, 2025.

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