Amount raised
$100M
Round
Series C
Date raised
October 7, 2026
Founded
2020
CompanyParallel Systems
IndustryTransportation
LocationLos Angeles, CA, United States
InvestorsAdvance Venture Partners
Websitewww.moveparallel.com
Founder
Get new raises like this every week
Free weekly list of newly funded startups and their founders.
About Parallel Systems
Parallel builds automated, battery-electric rail vehicles that let railroads serve shorter, lower-density freight routes.
- How much did Parallel Systems raise?
- Parallel Systems raised $100M in a Series C round on October 7, 2026. Investors include Advance Venture Partners.
- Who founded Parallel Systems?
- Matt Soule founded Parallel Systems in 2020.
- Where is Parallel Systems based?
- Parallel Systems is based in Los Angeles, CA, United States.