Tech Company Financing Transactions
Parallel Systems Funding Round
AXA Venture Partners, Agility Capital and Anthos Capital participated in a $100 million Series C venture round for Parallel Systems. The round closed on 10/7/2026.
Transaction Overview
Company Name
Announced On
10/7/2026
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to drive full commercialization, accelerate expansion into international markets, and scale manufacturing of its third-generation Panther rail vehicle.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
8671 Hayden Pl.
Culver City, CA 90232
USA
Culver City, CA 90232
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Parallel Systems is decarbonizing freight by building a cleaner, automated rail future. Parallel's zero-emissions rail vehicles are more flexible than traditional trains, allowing railroads to open new markets, increase infrastructure utilization, and improve service. We enable railroads to convert part of the $700 billion U.S trucking industry to rail.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matthew Soule
Vice President
John Howard
Vice President
Benjamin Stabler
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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