When was Parallel Wireless founded?

Parallel Wireless was founded in 2012 and raised its 1st funding round 4 years after it was founded.

Where is Parallel Wireless located?

Parallel Wireless is headquartered in Nashua, United States. It is registered at Nashua, New Hampshire.

Which legal entities is Parallel Wireless associated with?

Parallel Wireless is associated with PARALLEL WIRELESS INDIA PRIVATE LIMITED and 2 others.

How many employees does Parallel Wireless have?

As of Sep 30, 2026, the latest employee count at Parallel Wireless is 820.

Is Parallel Wireless a funded company?

Parallel Wireless is a funded company, having raised a total of $20M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 2016.

When was the latest funding round of Parallel Wireless?

Parallel Wireless' latest funding was a $***** Grant (prize money) round on Jan 01, 2023, with participation from 1 investor. Its primary sector is Telecom Infrastructure Tech. In United States, the Telecom Infrastructure Tech sector has seen $2.15B in funding in 2026 to date.

What is the annual revenue of Parallel Wireless?

Annual revenue of Parallel Wireless is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Parallel Wireless rank among its competitors?

Parallel Wireless ranks 8th amongst 127 active competitors, of which 10 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Meter, which secured $170M in Jun, 2025.

Who are the top competitors of Parallel Wireless?

Parallel Wireless' top competitors include ZTE, Mavenir and Ericsson. Among them, Meter secured the most recent funding round in June, 2025.

Parallel Wireless - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of software defined radio hardware and network management systems. This technology enables the deployment of wireless infrastructure across multiple generations of cellular standards. The architecture utilizes cloud native principles to facilitate network orchestration and automation. These systems support various deployment scenarios for indoor and outdoor wireless coverage and capacity requirements. The platform provides tools for monitoring and managing network performance through centralized software control.

Website: parallelwireless.com
Social
Email ID: *****@parallelwireless.com
Phone Number: +1 **********
Registered Address: Nashua, New Hampshire

Key Metrics

Founded Year

2012

Location

Nashua, United States

Stage

Series A

Total Funding

$20M in 4 rounds

Latest Funding Round

Grant (prize money), Jan 01, 2023, $*****

Investors

DN Capital & 7 more

Ranked

8^th among 127 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

820 as on Sep 30, 2026

Similar Companies

Accelleran & 19 more

View Parallel Wireless' full profile

Parallel Wireless is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Parallel Wireless, Inc. CIN: 6275816 , United States, Active	Sep 08, 2021	-	-	-
PARALLEL WIRELESS INDIA PRIVATE LIMITED CIN: U72900PN2013FTC147393 , India, Active	May 14, 2013	₹100 - ₹500 Cr (As on Mar 31, 2025)	255 (As on Oct 31, 2024)
PARALLEL WIRELESS, INC. CIN: 455356652 , United States, Active	Dec 26, 999	-	71 (As on Dec 31, 2024)	-

Parallel Wireless has raised a total funding of $20M over 4 rounds. Its first funding round was on Mar 2016. Its latest funding round was a Grant (prize money) round on Jan 01, 2023 for $*****. 1 investor participated in its latest round. Parallel Wireless has 8 institutional investors.

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

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2023	5788801	Grant (prize money)	8689453	6862366	8119699	2874443
2018	8948	Series A	8266	4308	9551	3656
Feb 23, 2017	1925657	Conventional Debt	9225020	5127464	7995532	2457346

Access funding benchmarks and valuations. Sign up today!

View details of Parallel Wireless's funding rounds and investors

The founders of Parallel Wireless is Sridhar Donepudi.

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

Sridhar Donepudi: Co-Founder of Parallel Wireless.
Contact Info: 1 email address

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

Parallel Wireless' employee count trend

Parallel Wireless has 820 employees as of Sep 26. Here is Parallel Wireless's employee count trend over the years:

Employee count trend for Parallel Wireless

Uncover Parallel Wireless' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Parallel Wireless include ZTE, Mavenir and Ericsson. Here is the list of Top 10 competitors of Parallel Wireless, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ZTE 1985, Shenzhen (China), Public	Enterprise SD WAN network management solutions provider	-	Shenzhen Nanshan Strategic Emerging Industries Investment, RC Investments ... Read more	72/100
2nd	Mavenir 2005, Richardson (United States), Acquired	Developer of cloud native software for mobile network operator infrastructure	$105M	North Bridge Venture Partners, Alloy Ventures ... & 12 others	72/100
3rd	Ericsson 1876, Stockholm (Sweden), Public	Provider of telecom equipment and software solutions	-	Kepha Partners, Cevian & 10 others	71/100
4th	NEC 1899, Minato City (Japan), Acquired	Provider of cloud-based IT and networking solutions	-	NTT Group, Silver Lake & 3 others	67/100
5th	Meter 2015, San Francisco (United States), Series C	Provider of enterprise internet infrastructure, including hardware, software, and network management tools	$315M	General Catalyst, Sequoia Capital & 21 others	65/100
6th	Rakuten 1997, Setagaya City (Japan), Funding Raised	Operator of online marketplaces providing financial services and digital content	-	Walmart, Japan Post & 1 others	64/100
7th	CommScope 1976, Richardson (United States), Acquired	Fiber-optic and wireless infrastructure products provider	-	Siris Capital, Glen Capital & 7 others	63/100
8th	Parallel Wireless 2012, Nashua (United States), Series A	Developer of software defined radio hardware and network management systems	$20M	Mojo.capital, G Squared & 6 others	60/100
9th	iForte Solusi Infotek 2002, Jakarta (Indonesia), Acquired	Provider of connectivity infrastructure, data communication, and internet connection solutions	-	Danamon, Celebes Capital & 5 others	57/100
10th	Alcatel-Lucent 2006, Boulogne billancourt (France), Acquired	IP networking, ultra-broadband access, and cloud technology solutions	-	Norwest, Bmbf	55/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Parallel Wireless's competitors? Click here to see the top ones

PARALLEL WIRELESS INDIA PRIVATE LIMITED, the legal entity associated with Parallel Wireless, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of PARALLEL WIRELESS INDIA PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 7% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	2663	6803	6010	5255	8627
Total Sales	2806	7601	3600	2258	2661
Total Expenses	5057	6504	2062	2575	5995
Operating Expenses	7773	7417	3817	7936	8815
Employee Expenses	9682	4649	6547	9396	8387
Operating Income (EBIT)	3759	1169	6503	3064	2690
Interest Expenses	7001	1843	3804	2803	4246
Expenses from other activities	6654	4268	4302	2231	1338
EBITDA	1472	4920	4618	6109	7440
Taxes	1422	9625	9406	8357	2575
Net Profit	8392	5556	9579	8020	9420
Balance Sheet
Assets	6733	6530	7057	1375	2855
Cash Equivalent	9230	3591	2456	6914	6580
Accounts Receivables	7335	4196	2880	2042	5020
Inventory	1920	8695	1312	7436	8969
Liabilities	9581	7941	1579	3321	1882
Total Debt	3239	9626	9057	1123	7915
Accounts Payable	2285	1516	2758	4681	8133
Equities	8954	2263	6722	7592	3241
Cashflow Statement
Cash from Operating activities	2108	7467	2326	3477	3753
Cash from Investing activities	7057	2680	8223	9375	7108