Autonomous Zero-Emissions Freight Transportation.
Location: United States, California, Los Angeles
Employees: 1-10
Total raised: $88M
Investors 3
| Date | Name | Website |
| - | Riot Ventu... | riot.vc |
| 18.05.2023 | Congruent ... | congruentv... |
| - | Embark Ven... | embark.vc |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 14.04.2025 | Series B | $38M | - |
| 19.01.2022 | Series A | $50M | - |
Mentions in press and media 15
| Date | Title | Description |
| 16.04.2025 | Parallel Systems Powers Up with $38 Million Series B Funding | In the world of transportation, innovation is the engine that drives progress. Parallel Systems, a trailblazer in autonomous battery-electric rail technology, has just shifted into high gear. The Los Angeles-based company has secured $38 mi... |
| 14.04.2025 | Parallel Systems Raises $38M in Series B Funding | Parallel Systems, a Los Angeles, CA-based provider of an autonomous battery-electric rail system, raised $38M in Series B funding. The round was led by Anthos Capital, joined by Collaborative Fund, as well as Congruent Ventures, Riot Ventur... |
| 14.04.2025 | Parallel Systems: $38 Million (Series B) Closed For Autonomous Battery-Electric Rail System | Parallel Systems, which is the world’s first autonomous battery-electric rail system, will launch the first commercial pilot in April after securing approval from the Federal Railroad Administration (FRA) to deploy its railcars along a 160-... |
| 24.05.2023 | Full-Stack Startups in American Dynamism | The full-stack startup, as previously written about by our partner Chris Dixon, is an approach taken by some startups to bypass incumbents by building a complete, end-to-end product or service. This approach is in contrast to the traditiona... |
| 14.02.2022 | Parallel Systems Gets US Energy Dept. Funding to Test Its Autonomous Electric Freight Cars | Parallel Systems—the startup founded by former SpaceX engineers to develop autonomous, electric rail cars for the freight industry—has received a $4.4 million research grant from the U.S. Department of Energy (DOE) to fund advanced testing ... |
| 24.01.2022 | Parallel Systems Raises $50 Million in Series A | Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series A funding last week. The investment, led by Anthos Capital in Santa Monica with contributions from Congruent Ventures,... |
| 22.01.2022 | Ex SpaceX colleagues join forces to build autonomous electric rail cars, which aim to boost efficiency | Freight train hauls shipping containers. jopstock/Getty Former SpaceX engineers are building self-driving, electric freight train cars, CNBC reported. The LA-based startup, Parallel Systems, raised $50 million (R755 million) in a Series A f... |
| 22.01.2022 | Former SpaceX colleagues join forces to build autonomous freight train cars, which aim to boost efficiency and ease supply-chain pressures | Former SpaceX engineers are building self-driving, electric freight train cars, CNBC reported. The LA-based startup, Parallel Systems, raised $50 million in a Series A funding round. Advertisement Three former SpaceX engineers are teaming u... |
| 20.01.2022 | Стартап Parallel Systems предложил разработку автономных грузовых вагонов на электричестве | Стартап Parallel Systems, основанный бывшим инженером SpaceX, представил прототип автономных грузовых вагонов на электрической энергии. Разработчики стремятся повысить эффективность системы железнодорожных перевозок и снизить количество выб... |
| 19.01.2022 | Parallel Systems Picks Up $49.55M For Autonomous Trains | Culver City-based Parallel Systems, a startup developing autonomous train and transportation technology, said today that it has raised $49.55M in a Series A funding round. The funding was led by Anthos Capital, and also included Congruent V... |
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