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Parallel Systems raises $100M in Series C funding led by AVP to drive commercialization and expand internationally.
Amount Raised
$100 Million
Round Type
Series C
Los AngelesInformation TechnologyInvestors
Description
Parallel Systems, based in Los Angeles, CA, secured $100M in Series C funding. The round was led by AVP with participation from multiple investors including Hillspire and Agility Global. The capital will be used to drive full commercialization and scale manufacturing. The company focuses on providing an alternative to short-haul trucking with its autonomous freight rail solution.
Fundz sees it the moment Parallel Systems, Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Parallel Systems, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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