Parallels - About the company
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 61 active competitors, including 10 funded and 7 that have exited. Its top competitors include companies like Tehama, 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
Investors
Ranked
1st among 61 active competitors
Employee Count
1 - 10 as on Jul 01, 2024
Exit Details
Acquired by Corel (Nov 27, 2018)
Legal entities associated with Parallels
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 | $2.87M (As on Dec 31, 2021) | 22 (As on Dec 31, 2023) |
Parallels's acquisition details
Parallels got acquired by Corel on Nov 27, 2018.
Click here to take a look at Parallels's acquisition in detail
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Parallels's funding and investors
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 | 5222114 | Series B | 3848438 | 5407696 | 3663944 | 1745834 |
Jan 18, 2013 | 7427557 | Series A | 6326124 | 2643419 | 6205932 |
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Parallels' founders and board of directors
Founder? Claim ProfileThe 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
Parallels' employee count trend
Parallels has 1 - 10 employees as of Jul 24. Here is Parallels's employee count trend over the years:
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Parallels's Competitors and alternates
Top competitors of Parallels include Tehama, Dizzion and CloudShare. Here is the list of Top 10 competitors of Parallels, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Parallels 1999, Seattle (United States), Acquired | Cloud based Daas platform | - | 66/100 | |
2nd | Cloud based virtual office solution provider | $10M | 61/100 | ||
3rd | Dizzion 2011, Denver (United States), Series A | Cloud-based desktop virtualization management solution provider | $14.9M | 60/100 | |
4th |  CloudShare 2007, San Francisco (United States), Series C | Provider of virtual IT labs for training, demos, and POCs | $26M | 59/100 | |
5th |  Workspot 2012, Menlo Park (United States), Series D | Cloud-based desktop virtualization platform | $75.9M | 58/100 | |
6th | Digital workspace solutions for enterprises | $3.78M | 53/100 | ||
7th | IGEL Technology 2001, Bremen (Germany), Acquired | Developer of endpoint operating system designed for secure cloud workspaces | - | 51/100 | |
8th |  V2 Cloud Solutions 2015, Quebec City (Canada), Unfunded | Cloud-based platform for virtual office | - | - | 50/100 |
9th |  Creative ITC 2006, London (United Kingdom), Late Stage | Cloud computing, infrastructure, security, and sustainable IT solutions | - | 50/100 | |
10th | Frame 2013, San Mateo (United States), Acquired | Provides a virtualization platform to access applications from the cloud | $28.5M | 48/100 |
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Parallels's Investments and acquisitions
Parallels has made 1 investment in Xform and acquired 2X.News related to Parallels
Filter this listMedia has covered Parallels for a total of 7 events in the last 1 year, 4 of them have been about company updates and 2 about partnerships.
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Parallels Partners with XenTegra to Drive Growth of End-User Computing Solutions in IndiaMedia Bulletins•Nov 15, 2025•XenTegra, Parallels
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Parallels Desktop 20.3 update improves VM functionality on Apple Silicon MacsBasic Tutorials•Apr 30, 2025•Parallels
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