When was Parallels founded?

Parallels was founded in 1999 and raised its 1st funding round 14 years after it was founded.

Where is Parallels located?

Parallels is headquartered in Seattle, United States. It is registered at FIELDFISHER LLP,RIVERBANK HOUSE,2 SWAN LANE,LONDON,ENGLAND,EC4R 3TT.

Is Parallels a funded company?

Parallels is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 18, 2013.

When was the latest funding round of Parallels?

Parallels' latest funding was a $***** Series B round on Feb 18, 2017, with participation from 2 investors.

Where does Parallels rank among its competitors?

Parallels ranks 1st amongst 72 active competitors, of which 10 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was CloudShare, which secured an undisclosed amount in Apr, 2025.

Who are the top competitors of Parallels?

Parallels' top competitors include Workspot, Dizzion and CloudShare. Among them, CloudShare secured the most recent funding round in April, 2025.

Parallels - 2026 Company Profile, Team, Funding & Competitors

Parallels is an acquired company based in Seattle (United States), founded in 1999 by Juri Tsibrovski. It operates as a Cloud based Daas platform. Parallels has raised an undisclosed amount in funding from Russia Partners. The company has 72 active competitors, including 10 funded and 7 that have exited. Its top competitors include companies like Workspot, Dizzion and CloudShare.

Company Details

Cloud based Daas platform. It provides virtualization and automation software that optimizes computing for consumers, businesses, and service providers across hardware, operating system, and virtualization platforms. It provides access software enabling remote access to computers. It includes a dashboard that provides visibility into published resources, registered users, active user sessions, and more.

Website: www.parallels.com/
Registered Address: FIELDFISHER LLP,RIVERBANK HOUSE,2 SWAN LANE,LONDON,ENGLAND,EC4R 3TT

Key Metrics

Founded Year

1999

Location

Seattle, United States

Stage

Acquired

Latest Funding Round

Series B, Feb 18, 2017, $*****

Investors

Russia Partners & 16 more

Ranked

1^st among 72 active competitors

Investment & Acquisitions

2X & 1 more

Similar Companies

Workspot & 86 more

Exit Details

Acquired by Corel (Nov 27, 2018)

View Parallels' full profile

Parallels is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VZ HYBRID COMPUTE (UK) LIMITED CIN: 5413991 , United Kingdom, Active	Apr 04, 2005	£1M - £10M (As on Dec 31, 2021)	22 (As on Dec 31, 2023)

Parallels got acquired by Corel on Nov 27, 2018.

Click here to take a look at Parallels's acquisition in detail

Parallels has raised funding over 2 rounds. Its first funding round was on Jan 18, 2013. Its latest funding round was a Series B round on Feb 18, 2017 for $*****. 2 investors participated in its latest round. Parallels has 17 institutional investors.

Here is the list of recent funding rounds of Parallels:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 18, 2017	4287004	Series B	8092456	4170181	5813527	3809686
Jan 18, 2013	3803666	Series A	7065889	2617293	2558753	Cisco Investments

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View details of Parallels's funding rounds and investors

The founders of Parallels is Juri Tsibrovski.

Here are the details of Parallels' key team members:

Juri Tsibrovski: Co-Founder of Parallels and founder of 1 other company.

View details of Parallels's Founder profiles and Board Members

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Top competitors of Parallels include Workspot, Dizzion and CloudShare. Here is the list of Top 10 competitors of Parallels, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Parallels 1999, Seattle (United States), Acquired	Cloud based Daas platform	-	Sprout Capital Partners, Savano Capital Partners ... & 15 others	67/100
2nd	Workspot 2012, Menlo Park (United States), Series D	Cloud-based desktop virtualization platform	$75.9M	Helion Venture Partners, Norwest & 18 others	65/100
3rd	Dizzion 2011, Denver (United States), Series A	Cloud-based desktop virtualization management solution provider	$14.9M	Grotech Ventures, Access Venture Partners ... & 4 others	60/100
4th	CloudShare 2007, San Francisco (United States), Series C	Provider of virtual IT labs for training, demos, and POCs	$26M	Globespan Capital Partners, Sequoia Capital ... & 3 others	59/100
5th	Tehama 2017, Ottawa (Canada), Acquired	Cloud based virtual office solution provider	$10M	OMERS, FedDev Ontario & 1 others	59/100
6th	Anunta 2012, Mumbai (India), Series A	Digital workspace solutions for enterprises	$3.78M	Bessemer Venture Partners, JM Financial & 12 others	53/100
7th	IGEL Technology 2001, Bremen (Germany), Acquired	Developer of endpoint operating system designed for secure cloud workspaces	-	Melchers	51/100
8th	V2 Cloud Solutions 2015, Quebec City (Canada), Unfunded	Cloud-based platform for virtual office	-	-	51/100
9th	Frame 2013, San Mateo (United States), Acquired	Provides a virtualization platform to access applications from the cloud	$28.5M	M12, Columbus Nova Technology Partners & 4 others	51/100
10th	Creative ITC 2006, London (United Kingdom), Late Stage	Cloud computing, infrastructure, security, and sustainable IT solutions	-	LDC	49/100