Parallel: Funding, Investors & Team (Oct 2026)
Parallel develops systems for AIs to efficiently interact with the web.
Parallel has raised $200M across 2 funding rounds on record, the most recent a Series B of $100M announced in Apr 2026.
That round is above the $7.6M median round size for United States companies tracked on FundedIQ over the last two years.
Parallel Company Profile and Key Stats
Latest funding round on record: Apr 2026.
Parallel Funding Rounds
Parallel raised $100M in a Series A announced in Nov 2025.
5 months later, a Series B of $100M was announced in Apr 2026.
Parallel Founders and Leadership Team
Contact details for the Parallel team: 2 of 2 have an email address on file.
Start 14-day free trial →Parallel Funding in Context
Parallel's latest round of $100M is above the median round in United States. Medians cover the last 24 months of disclosed rounds.
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Parallel Funding FAQs
What does Parallel do?
Parallel develops systems for AIs to efficiently interact with the web.
How much funding has Parallel raised?
Parallel has raised $200M across 2 rounds on record. The most recent is a Series B of $100M announced in Apr 2026.
When did Parallel last raise funding?
Parallel's most recent funding round on record is a Series B of $100M, announced in Apr 2026.
Who founded Parallel?
FundedIQ lists Parag Agrawal (Founder) at Parallel.
Where is Parallel headquartered?
Parallel is based in Palo Alto, United States.
How many employees does Parallel have?
Parallel is in the 11-50 employee band.
About FundedIQ's Parallel Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Parallel is left off this page rather than filled in.
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