Parallel Systems operates in infrastructure / ai. Its shares do not trade on a public exchange.
2 valuations. The latest, $2B post-money, was set by the Series B in Apr 2026.
Kleiner PerkinsLEAD
Index VenturesLEAD
Khosla VenturesLEAD
First Round CapitalLEADKleiner PerkinsIndex VenturesKhosla VenturesParallel Systems develops autonomous, battery-electric rail vehicles that convert intermodal freight from truck to rail on shorter, lower-density routes that traditional trains do not serve economically. Its vehicles can haul containers up to 500 miles on a single charge, use patented platooning technology for aerodynamic efficiency, and connect and detach without couplers through software-driven fleet management.
Headquartered in Los Angeles, California, Parallel Systems was founded by former SpaceX engineers and has moved into commercial pilot testing, including a second phase of testing on the G&W railroad in Georgia.
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Valuations, rounds and IPO status for every company in the directory — Parallel Systems included.
No. Parallel Systems is a private company; its shares do not trade on a public exchange.
The closest infrastructure / ai peers are on the competitors page.
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