Parallel Systems
Latest round
- Series C
Last raised
- Oct 2026
Total raised
- $180M
Investors
- 12
About Parallel Systems
Founded in 2020 by CEO Matt Soule, Brian Ignaut, John Howard, and Ben Stabler, and based in California, US, Parallel Systems, Inc. operates as a developer of battery-electric rail vehicles that can cover wide responsive services and a wide range of routes. In April 2025, Parallel Systems, Inc. The company develops autonomous battery-electric rail vehicles for moving freight. The company's autonomous battery-electric rail vehicles transport standard shipping containers as a single or double-stacked load.
Who invested in Parallel Systems
12 investors across 3 rounds
See all investors in Parallel Systems
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Parallel Systems
Who invested in Parallel Systems?
Parallel Systems has 12 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 Systems raised?
Parallel Systems has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Parallel Systems last raise money?
Parallel Systems's most recent round on record is a Series C, in Oct 2026.
What does Parallel Systems do?
Founded in 2020 by CEO Matt Soule, Brian Ignaut, John Howard, and Ben Stabler, and based in California, US, Parallel Systems, Inc.
Where is Parallel Systems headquartered?
Parallel Systems is headquartered in Los Angeles, US.
Which VCs invest in companies like Parallel Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back rail transport companies at Parallel Systems's stage. Their profiles are linked below.
VCs backing rail transport startups at Series C
Raising like Parallel Systems? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.