Tech Company Financing Transactions

Parallel Systems Funding Round

Parallel Systems closed a $49.6 million Series A financing round on 1/29/2022. Investors included Anthos Capital, Congruent Ventures and Embark Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series A
Proceeds Purpose
The funds will be used to build Parallel System's second-generation vehicle and launch an advanced testing program that will help the startup figure out how to integrate its vehicles into real-world operations.

Company Information

Company Status
Private & Independent
Mailing Address
8671 Hayden Pl.
Culver City, CA 90232
Email Address
Not Recorded
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.
Parallel Systems LinkedIn Company Profile
Social Media
Parallel Systems Company Twitter Account
Company News
Parallel Systems News
Parallel Systems on Facebook
Parallel Systems on YouTube

Management Team

Email & Social
Chief Executive Officer
Matthew Soule
  Matthew Soule LinkedIn Profile  Matthew Soule Twitter Account  Matthew Soule News  Matthew Soule on Facebook
Vice President
John Howard
  John Howard LinkedIn Profile  John Howard Twitter Account  John Howard News  John Howard on Facebook
Vice President
Benjamin Stabler
  Benjamin Stabler LinkedIn Profile  Benjamin Stabler Twitter Account  Benjamin Stabler News  Benjamin Stabler on Facebook



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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, an affiliated venture.


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