Parallel is an AI Infrastructure company based in Palo Alto, California. It has raised $230M in total funding. Latest round: Series B.
Parallel funding overview
Parallel is an AI Infrastructure company based in Palo Alto, California. Parallel has raised $230M in total disclosed funding. That places its disclosed total in the $100M–$250M range. Its most recent disclosed round is a Series B announced in April 2026. The round record for Parallel runs through 2026; nothing later has been disclosed. Investors on record include Sequoia Capital.
Parallel at a glance
Total raised
$230M
Latest round
Series B
Latest round date
April 2026
Industry
AI Infrastructure
Headquarters
Palo Alto, California
Notable investors
Sequoia Capital
Frequently asked about Parallel funding
How much has Parallel raised?
Parallel has raised $230M in total disclosed funding across the rounds on record.
Who has invested in Parallel?
Sequoia Capital are named among the investors backing Parallel.
What was the latest Parallel funding round?
The most recent disclosed round is a Series B, announced in April 2026.
Where is Parallel based?
Parallel is based in Palo Alto, California.
What sector does Parallel operate in?
Parallel is tracked under AI Infrastructure from Palo Alto, California, with $230M in disclosed funding.
When did Parallel last raise?
The last disclosed Parallel round closed in April 2026 at Series B.
We update the Parallel record whenever a new round is filed or announced, so the totals above track the public record rather than estimates. Related AI Infrastructure companies in Palo Alto and their backers are listed below.
