When was Parallel founded?

Parallel was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Parallel located?

Parallel is headquartered in Paris, France.

How many employees does Parallel have?

As of Jul 31, 2026, the latest employee count at Parallel is 22.

Is Parallel a funded company?

Parallel is a funded company, having raised a total of $23.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 03, 2025.

When was the latest funding round of Parallel?

Parallel's latest funding was a $***** Series A round on Mar 19, 2026, with participation from 6 investors.

Where does Parallel rank among its competitors?

Parallel ranks 8th amongst 238 active competitors, of which 37 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Parallel, which secured $20M in Mar, 2026.

Who are the top competitors of Parallel?

Parallel's top competitors include Anterior, Pair Team and Tennr. Among them, Parallel secured the most recent funding round in March, 2026.

Parallel - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of AI agents streamlining administrative workflows for healthcare providers. The agents integrate with existing systems to improve efficiency. The AI agents use generative AI models to understand unstructured data and patient context. The agents are tailored with standards and hospital-specific rules to provide diagnoses. The agents connect to existing systems through remote VPN access and robotic process automation.

Website: www.beparallel.com/
Email ID: *****@beparallel.com

Key Metrics

Founded Year

2024

Location

Paris, France

Stage

Series A

Total Funding

$23.5M in 2 rounds

Latest Funding Round

Series A, Mar 19, 2026, $*****

Investors

Index Ventures & 8 more

Ranked

8^th among 238 active competitors

Employee Count

22 as on Jul 31, 2026

Similar Companies

Anterior & 309 more

View Parallel's full profile

Parallel has raised a total funding of $23.5M over 2 rounds. Its first funding round was on Apr 03, 2025. Its latest funding round was a Series A round on Mar 19, 2026 for $*****. 6 investors participated in its latest round. Parallel has 7 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Parallel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 19, 2026	2802339	Series A	1918747	3731929	6801285	2534358
Apr 03, 2025	1732134	Seed	5560440	5744474	Frst Capital	Y Combinator & 3 more

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View details of Parallel's funding rounds and investors

The founders of Parallel are Chris Rydahl and Paul Lafforgue.

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

Chris Rydahl: Co-Founder & CTO of Parallel.
Contact Info: 1 email address
Paul Lafforgue: Co-Founder of Parallel.
Contact Info: 1 email address

View details of Parallel's Founder profiles and Board Members

Parallel's employee count trend

Parallel has 22 employees as of Jul 26. Here is Parallel's employee count trend over the years:

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Top competitors of Parallel include Anterior, Pair Team and Tennr. Here is the list of Top 10 competitors of Parallel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Anterior 2022, New York City (United States), Series B	AI powered clinical co pilot software for administrative workflow	$64M	New Enterprise Associates, Sequoia Capital ... & 12 others	63/100
2nd	Pair Team 2019, San Francisco (United States), Series A	Provider of workflow management software for healthcare providers and organizations	$19.7M	Y Combinator, Next Ventures & 17 others	62/100
3rd	Tennr 2021, New York City (United States), Series C	Provider of an intelligent automation platform for healthcare operations	$162M	Andreessen Horowitz, IVP & 12 others	62/100
4th	Plenful 2021, San Francisco (United States), Series B	AI-based clinical workflow automation platform for healthcare professionals	$76M	TQ Ventures, Arena Holdings & 9 others	61/100
5th	Avant-garde Health 2014, Cambridge (United States), Series A	Web-based analytics platform for improving care quality and tracking performance	$16.5M	Fulcrum Equity Partners, General Catalyst ... & 5 others	59/100
6th	Keragon 2022, New York City (United States), Seed	Provider of an automation platform for healthcare	$10.5M	Focal, Afore Capital & 5 others	57/100
7th	Outpatient 2016, San Francisco (United States), Seed	Mobile health management system for primary caregivers, patients, and families	$2.07M	Propel Venture Partners, City Light Capital ... & 1 others	56/100
8th	Parallel 2024, Paris (France), Series A	Developer of AI agents streamlining administrative workflows for healthcare providers	$23.5M	Bpifrance, Y Combinator & 7 others	54/100
9th	iCoreConnect 2001, Winter Garden (United States), Series A	Cloud-based workflow management solutions for dentists	$6.79M	StartUp Health, TRITON FUNDS	54/100
10th	Lumeon 2005, South Jordan (United States), Acquired	Developer of software for automating clinical care coordination and workflows	$84.6M	Gilde Healthcare, Life Sciences Partners & 9 others	53/100