Parallel Systems has closed its Series C funding round, raising over $100 million led by AVP. This new capital will accelerate production of the Panther rail vehicle and fuel international commercial expansion.
Amount Raised
$100 Million
Round Type
Series C
Los AngelesInformation TechnologyTransportationAutomotiveLogisticsInvestors
Description
Parallel Systems, an autonomous freight rail company, has successfully closed its Series C funding round, securing $100 million in new capital. The funds will be used to fully commercialize the next generation Panther rail vehicle and to expand into international markets. The round was led by AVP, with participation from several existing investors. Founded in 2020, Parallel focuses on enhancing the competitiveness of rail for short-haul freight.
Quick answer
Parallel Systems, Inc. raised $100 Million in a Series C round, dated October 7, 2026. Investors: Hillspire, Agility Global, Cobalt Capital, Anthos Capital, Congruent Ventures, Riot Capital, Collaborative Fund and Avp. Parallel Systems, Inc. is based in Los Angeles, California, United States.
- How much did Parallel Systems, Inc. raise?
- Parallel Systems, Inc. raised $100 Million in a Series C round on October 7, 2026.
- Who invested in Parallel Systems, Inc?
- Hillspire, Agility Global, Cobalt Capital, Anthos Capital, Congruent Ventures, Riot Capital, Collaborative Fund and Avp are named as investors in this round.
- What does Parallel Systems, Inc. do?
- Putatively a Series C, the investment comes after the company raised a huge $200 million Series A and a similarly large $100 million Series B. The firm now has $1.25 billion under management.
- Where is Parallel Systems, Inc. based and how big is it?
- Parallel Systems, Inc. is based in Los Angeles, California, United States. Fundz records about 11 employees.
- Who are the decision-makers at Parallel Systems, Inc?
- Fundz holds 3 contacts at Parallel Systems, Inc., including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Parallel Systems, Inc. that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $400M (Debt Financing) on October 9, 2026.
- Bisedge raised $11M (Debt Financing) on October 15, 2026.
- White Rhino raised $100M (Series C) on October 9, 2026.
- Drivn raised $4.7M (Seed) on September 21, 2026.
- Depotcharge raised $3.1M (Pre-Seed) on September 15, 2026.
- Applied EV raised $30M (Series B) on August 25, 2026.
Who to call at Parallel Systems, Inc., and when
A new round usually means Parallel Systems, Inc. is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Parallel Systems, Inc. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Parallel Systems, Inc., from your own LinkedIn network
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Parallel Systems, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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