When was Parallel Systems founded?

Parallel Systems was founded in 2020.

Where is Parallel Systems located?

Parallel Systems is headquartered in Culver City, United States. It is registered at 8671 Hayden Place, Culver City, CA.

How many employees does Parallel Systems have?

As of Sep 30, 2026, the latest employee count at Parallel Systems is 71.

Is Parallel Systems a funded company?

Parallel Systems is a funded company, having raised a total of $191M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Parallel Systems?

Parallel Systems' latest funding was a $***** Series C round on Oct 07, 2026, with participation from 8 investors.

Where does Parallel Systems rank among its competitors?

Parallel Systems ranks 2nd amongst 17 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was intramotev, which secured $10.8M in Nov, 2025.

Who are the top competitors of Parallel Systems?

Parallel Systems' top competitors include intramotev, Futurail and Otiv. Among them, Parallel Systems secured the most recent funding round in October, 2026.

Parallel Systems - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of autonomous zero-emissions rail freight transportation network. The company offers battery-electric rail vehicles for shipping containers & double-stacked loads. It offers products like battery-electric rails, autonomous rail systems, platooning technology vehicles, etc. It also offers software for managing rail fleet operations.

Website: www.moveparallel.com/
Email ID: *****@moveparallel.com
Registered Address: 8671 Hayden Place, Culver City, CA

Key Metrics

Founded Year

2020

Location

Culver City, United States

Stage

Series C

Total Funding

$191M in 5 rounds

Latest Funding Round

Series C, Oct 07, 2026, $*****

Investors

Anthos Capital & 8 more

Ranked

2^nd among 17 active competitors

Employee Count

71 as on Sep 30, 2026

Similar Companies

intramotev & 11 more

View Parallel Systems' full profile

Parallel Systems is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Parallel Systems, Inc. CIN: 35-2683367 , United States, Active	Jan 22, 2020	-	7 (As on Dec 31, 2020)	-

Parallel Systems has raised a total funding of $191M over 5 rounds. Its latest funding round was a Series C round on Oct 07, 2026 for $*****. 8 investors participated in its latest round. Parallel Systems has 9 institutional investors.

Here is the list of recent funding rounds of Parallel Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 07, 2026	1492287	Series C	8887313	2113013	7195722	7220188
Apr 11, 2025	3662481	Series B	7430796	9215926	3669310	Collab Fund & 2 more
Feb 14, 2022	1366838	Grant (prize money)	8049807	5666960	5523418	ARPA-E

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View details of Parallel Systems's funding rounds and investors

The founders of Parallel Systems is Benjamin Stabler.

Here are the details of Parallel Systems' key team members:

Benjamin Stabler: Co-Founder of Parallel Systems.

Parallel Systems' Board of Directors

Parallel Systems's board has 3 active members. John Howard, Joshua Posamentier and Matthew Soule are independent board members.

Here is the list of Parallel Systems' board of directors:

Name	Type	Representing	Status	Duration
John Howard	Independent board member	-	Current	6y 3m
xgcdatv	Independent board member	-	Current	9y 9m
{vwqfvh	Independent board member	-	Current	9y 6m

View details of Parallel Systems's Founder profiles and Board Members

Parallel Systems' employee count trend

Parallel Systems has 71 employees as of Sep 26. Here is Parallel Systems's employee count trend over the years:

Employee count trend for Parallel Systems

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Top competitors of Parallel Systems include intramotev, Futurail and Otiv. Here is the list of Top 10 competitors of Parallel Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	intramotev 2020, Canada, Series A	Developer of autonomous electric cargo trains	$31.6M	Alpaca, Flybridge Capital Partners & 12 others	57/100
2nd	Parallel Systems 2020, Culver City (United States), Series C	Provider of autonomous zero-emissions rail freight transportation network	$191M	Collab Fund, ARPA-E & 7 others	60/100
3rd	Futurail 2023, Strasbourg (France), Seed	Provider of autonomous train technology for the rail transportation	$7.65M	Leap435, Asterion	48/100
4th	Otiv 2019, Ghent (Belgium), Series A	Developer of AI-enabled self-driving & ADAS solutions for rails	$996K	Finindus, SHIFT Invest & 3 others	41/100
5th	Glid 2022, Salt Lake City (United States), Acquired	Provider of autonomous cargo rail transportation solutions	-	Antler	35/100
6th	Gld Technologies United States, Seed	Developer of dual-mode vehicles and AI-powered systems for freight transport	$3.1M	Outlander VC, Draper University & 3 others	31/100
7th	Magrail.net 2022, Zurich (Switzerland), Unfunded	Provider of autonomous cargo train solutions	-	-	24/100
8th	Chinook 2021, Edmonton (Canada), Funding Raised	Provider of autonomous rail cargo delivery solutions	-	Cheyenne Ventures	22/100
9th	CyberTran International 1989, Richmond (United States), Unfunded	Provider of autonomous rail technology solutions	-	-	20/100
10th	RailHaul 2009, Vancouver (Canada), Unfunded	Provider of autonomous rail cars for cargo transportation	-	-	19/100