Parallel Domain
Latest round
- Series B
Last raised
- Aug 2022
Total raised
- $40M
Investors
- 8
About Parallel Domain
Parallel Domain Inc.Founded in 2017 and headquartered in Palo Alto, US, Parallel Domain Inc. focuses on delivering advanced solutions for machine learning and computer vision. Kevin McNamara serves as both founder and CEO, overseeing the company’s strategic direction.Parallel Domain specializes in providing advanced solutions for machine learning, computer vision, and perception teams through its core offerings, which include an API, SDK, and web tools. The platform enables users to programmatically test and analyze the performance of perception systems at scale, supporting both open and closed-loop simulations. High-fidelity data streaming encompasses camera, lidar, and radar inputs with comprehensive annotations, addressing critical challenges such as the collection of emergency vehicle data, particularly within specific operational contexts like Japan.Parallel Domain generates revenue through a structured model involving subscriptions and partnerships with businesses that require sophisticated data simulation and analysis tools. Clients typically engage with the firm to access its platform for developing synthetic datasets, which may be delivered through tiered subscription plans that align with the scale of their operations and specific data needs. Transactions are characterized by annual or monthly billing cycles, where clients can choose from different service levels based on their analysis requirements.In August 2022, Parallel Domain Inc. The company plans to enhance its product offerings by launching new tools aimed at improving data simulation for advanced machine learning applications. Furthermore, it targets expansion in markets such as Europe and Asia, particularly focusing on Japan, with specific initiatives scheduled for rollout by 2023.
Who invested in Parallel Domain
8 investors across 3 rounds
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Questions about Parallel Domain
Who invested in Parallel Domain?
Parallel Domain has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Parallel Domain raised?
Parallel Domain has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Parallel Domain last raise money?
Parallel Domain's most recent round on record is a Series B, in Aug 2022.
What does Parallel Domain do?
Parallel Domain is a software company.
Where is Parallel Domain headquartered?
Parallel Domain is headquartered in Palo Alto, US.
Which VCs invest in companies like Parallel Domain?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Parallel Domain's stage. Their profiles are linked below.
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