Every round on record, with the sources behind each and the investors on them.
A startup founded by former SpaceX engineers
moveparallel.comLinkedInLos AngelesMobilityFounded 2020
23 sources · checked 1 time, last 1h ago
The company release says Riot Capital; TechCrunch says Riot Ventures. The release is preferred. No source states a valuation or financing total.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series C | $100M $200M to date | 2026-10-07 | AVP | No recent discussion |
23 sources · checked 1 time, last 1h ago [ VERIFIED ] read against 4 of 23 sources The company release says Riot Capital; TechCrunch says Riot Ventures. The release is preferred. No source states a valuation or financing total. | ||||
Parallel builds autonomous, battery-electric rail vehicles and software for railroads to move short-haul freight that would otherwise go by truck.
Checked against 8 sources 5d ago
| EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING | ||||
| Series B | $38 million | 2025-04-15 | not stated | |
| Series A | $49.6M | 2022-01-19 | Anthos Capital | |
Also named as backers in company research: Embark Ventures, U.S. Department of Energy (DOE), ARPA-E