Parallel Domain - About the company
Parallel Domain is a series B company based in Palo Alto (United States), founded in 2017 by Kevin McNamara. It operates as an AI-enabled simulation software solutions. Parallel Domain has raised $44.3M in funding from investors like March Capital, Costanoa and Foundry. The company has 36 active competitors, including 9 funded and 6 that have exited. Its top competitors include companies like Deepen, Segments and Drisk.
Company Details
AI-enabled simulation software solutions The company provides a 3D environment generation software offering configurable, detailed & scalable simulation environments for autonomous vehicle simulation. The solution enables users to plug their content into existing simulation solutions to generate an entirely new city or tweak details on a single city street corner. It offers various products like Batch offers datasets to train and test the models, Step offers existing simulators or data logs to fetch synthetic sensor data, and stream enables users to respond to actions in real-time.
- Website
- paralleldomain.com
- Email ID
- *****@paralleldomain.com
- Registered Address
- 160 Forest Ave, Palo Alto, CA 94301
Key Metrics
Founded Year
2017
Location
Palo Alto, United States
Stage
Series B
Total Funding
$44.3M in 4 rounds
Latest Funding Round
Investors
Ranked
1st among 36 active competitors
Employee Count
51 as on Apr 30, 2026
Legal entities associated with Parallel Domain
Parallel Domain is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PARALLEL DOMAIN INC. CIN: 82-2969361 , United States, Active | Aug 16, 2017 | - | 22 (As on Dec 31, 2021) | - |
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Parallel Domain's funding and investors
Parallel Domain has raised a total funding of $44.3M over 4 rounds. Its first funding round was on Apr 03, 2018. Its latest funding round was a Series B round on Nov 16, 2022 for $*****. 5 investors participated in its latest round. Parallel Domain has 8 institutional investors.
Here is the list of recent funding rounds of Parallel Domain:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 16, 2022 | 4776492 | Series B | 5892576 | 9682662 | 2297495 | 1556859 |
Dec 09, 2020 | 6866149 | Series A | 9964943 | 5363417 | 2722190 | |
2018 | 8873 | Seed | 3820 | 5170 | 1160 |
View details of Parallel Domain's funding rounds and investors
Parallel Domain's founders and board of directors
Founder? Claim ProfileThe founders of Parallel Domain is Kevin McNamara.
Here are the details of Parallel Domain's key team members:
- Kevin McNamara: Founder of Parallel Domain. They serve on the board of 1 company.Contact Info: 1 email address
Parallel Domain's Board of Directors
Parallel Domain's board has 2 active members. Kevin McNamara and Sunil Nagaraj are independent board members.Here is the list of Parallel Domain's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 8y 1m | |
ghdt{wo | Independent board member | - | Current | 6y 4m |
View details of Parallel Domain's Founder profiles and Board Members
Parallel Domain's employee count trend
Parallel Domain has 51 employees as of Apr 26. Here is Parallel Domain's employee count trend over the years:
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Parallel Domain's Competitors and alternates
Top competitors of Parallel Domain include Deepen, Segments and Drisk. Here is the list of Top 10 competitors of Parallel Domain, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Parallel Domain 2017, Palo Alto (United States), Series B | AI-enabled simulation software solutions | $44.3M | 62/100 | |
2nd | Deepen 2017, Sunnyvale (United States), Seed | Safety-first data lifecycle tools and services for autonomous systems | - | 56/100 | |
3rd | Saas & AI-enabled perception labeling technology for autonomous driving | $125K | 53/100 | ||
4th | Drisk 2019, London (United Kingdom), Seed | Testing solutions for autonomous vehicles | $2.13M | 52/100 | |
5th | Provider of SaaS-driven software to improve perception performance for autonomous mobility | $40.3M | 50/100 | ||
6th | Mighty AI 2014, Seattle (United States), Acquired | Provider of training data for computer vision and AI models | $27.2M | 49/100 | |
7th | Testing solutions for autnomous vehicle developers | $2.5M | 47/100 | ||
8th | Foresight AI 2017, San Jose (United States), Funding Raised | Provider of data management platform for private market investment lifecycle | - | 47/100 | |
9th | Understand 2016, Berlin (Germany), Acquired | Provides image annotation services | $2.8M | 41/100 | |
10th | Training Data 2018, Palo Alto (United States), Seed | Provider of validation training data for AI and ML models | $1.85M | 41/100 |
Looking for more details on Parallel Domain's competitors? Click here to see the top ones
Parallel Domain's Investments and acquisitions
Parallel Domain has made no investments or acquisitions yet.
News related to Parallel Domain
Media has covered Parallel Domain for 1 event in last 1 year, It was about partnerships.
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Parallel Domain joins Mcity to power simulations on PD Replica digital twinParallel Domain•Jan 22, 2025•Parallel Domain
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Parallel Domain’s API lets customers use generative AI to build synthetic datasetsTechCrunch+•Jun 19, 2023•Parallel Domain
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Parallel Domain Raises $30M in Series B FundingFinSMEs•Nov 17, 2022•Parallel Domain, March Capital, Costanoa Venture, Foundry and 2 others
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Parallel Domain Raises $30 Million Series B to super-train AIParallel Domain•Nov 16, 2022•Parallel Domain
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Parallel Domain Synthetic Data Improves Cyclist DetectionParallel Domain•Oct 09, 2022•Parallel Domain
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Ubiquity Ventures Announces Its First Portfolio CompaniesBusiness Wire•Mar 05, 2019•Ubiquity Ventures, Eclypsium, Elementary Robotics, LEVL Technologies and 16 others
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