Parallel Systems is an autonomous, battery-electric rail system that aims to transition freight transportation from trucking to rail.
Parallel Systems has raised $38.0M in total funding. The most recent round was Series B. The last funding was announced in April 2025.
Parallel Systems's investors include Riot Ventures, Congruent Ventures, Anthos Capital, Collaborative Fund, Embark Ventures.
Parallel Systems is headquartered in Los Angeles, United States.
Parallel Systems is an autonomous, battery-electric rail system that aims to transition freight transportation from trucking to rail.
Parallel Systems is at the Series B stage.
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"Parallel Systems — Funding & Investors." VCBacked, April 14, 2025, https://www.vcbacked.co/company/parallel-systems. Accessed October 17, 2026.
VCBacked. (2025). Parallel Systems — Funding & Investors. Retrieved October 17, 2026, from https://www.vcbacked.co/company/parallel-systems
{{cite web |title=Parallel Systems — Funding & Investors |url=https://www.vcbacked.co/company/parallel-systems |website=VCBacked |access-date=October 17, 2026}}Profile data sourced and verified per the VCbacked methodology · Last funding round dated