# ParallelDots

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paralleldots

- Industry: Software
- Headquarters: Lewes, US
- Website: www.paralleldots.com
- Total disclosed funding: $5.2M
- Latest round: Series A (Mar 25, 2022)
- Investors on record: 2

## About

ParallelDots, Inc. specializes in advanced retail execution software, providing innovative solutions for brands in the consumer packaged goods and retail sectors to optimize in-store compliance and shelf performance monitoring, enhancing operational efficiency and providing real-time insights.Founded in 2014, ParallelDots, Inc. is based in Lewes, US, and focuses on delivering technology solutions to the retail and consumer packaged goods sectors. The company has raised USD 3.26 mn in its Series A funding round on March 25, 2022, led by Btomorrow Ventures with participation from Multipoint Capital. The firm was established by Angam Parashar, Ankit Singh, and Muktabh Mayank, with Angam Parashar serving as the current CEO. The company operates under a business-to-business model, serving clients globally.ParallelDots primarily offers advanced retail execution software, with its flagship product, ShelfWatch, leveraging computer vision technology to monitor in-store compliance, identify execution gaps, and provide real-time insights into shelf performance for brands in the consumer packaged goods and retail sectors. The software integrates seamlessly with existing retail solutions, enhancing the efficiency of sales representatives and enabling quick adaptation to new stock-keeping units (SKUs). ParallelDots serves a diverse global client base across North America, Europe, and Asia.ParallelDots generates revenue through subscription-based models for its software solutions, including ShelfWatch, Saarthi, and SmartGaze. Clients, primarily retailers and CPG brands, subscribe for ongoing access to real-time analytics and insights, with tiered pricing reflecting deployment scale and features utilized. Subscriptions are structured to accommodate various customer needs, based on the number of users or volume of images processed.In March 2022, ParallelDots, Inc. raised USD 3.26 million in Series A funding to support its roadmap for product development and expansion into new global markets. The company aims to enhance its product offerings and deliver innovative solutions, targeting significant markets in North America, Europe, and Asia. The recent funding will enable ParallelDots to accelerate its growth strategy and improve its technological capabilities.

## Funding rounds

- Series A, Mar 25, 2022, $3.3M — Multipoint Capital, Btomorrow Ventures
- Seed, Oct 10, 2017, $1.4M — Multipoint Capital
- Seed, Apr 1, 2016, $0.6M — Multipoint Capital

## Investors

- Multipoint Capital (https://capitalatlas.ai/funds/multipoint-capital) — Seed, Series A
- Btomorrow Ventures (https://capitalatlas.ai/funds/btomorrow-ventures) — Series A