Parallel Systems
Developer of autonomous, battery-powered freight rail vehicles for short-haul logistics.
Parallel Systems is a robotics & automation company based in US, founded in 2020. It has raised $100 million in disclosed funding. Its latest round was a Series C of $100 million in October 2026.
Overview
No overview yet. It is written from sources once there are enough of them.
Funding
Total disclosed: $100M across 1 round. Computed only from sourced rounds.
| Date | Company | Amount | Stage | Lead | Other investors | Sector | Sources |
|---|---|---|---|---|---|---|---|
| $100M | Series C | AVP | Hillspire +6 | Robotics & Automation | 1 |
- Parallel Systems$100M
Led by AVP · with Hillspire, +6
Investors
Questions and answers
What does Parallel Systems do?
Developer of autonomous, battery-powered freight rail vehicles for short-haul logistics.
How much has Parallel Systems raised?
Parallel Systems has raised $100 million in disclosed funding across 1 round tracked by OSH.
Who has invested in Parallel Systems?
Investors in Parallel Systems include AVP, Hillspire, Agility Global, Cobalt Capital, Anthos Capital and 3 more.
When and where was Parallel Systems founded?
Parallel Systems was founded in 2020 and is based in US.
Timeline
Founded
Sources
- 1.SpaceX alumni nab $100M to rethink shipping with autonomous freight trains — TechCrunch Startups, Oct 7, 2026