Parallel Systems Series C: $100M

Oct 6, 2026Public sources — Collected from public sources, not yet cross-checked.

Parallel Systems raised $100 million in a series c round led by AVP, announced Oct. 6.

Facts

Company: Parallel Systems
Amount: $100 million
Currency: USD
Stage: Series C
Announced: Oct 6, 2026
Instrument: Equity

Investors

Led by: AVP
Participants: Hillspire Agility Global Cobalt Capital Anthos Capital Congruent Ventures Riot Ventures Collaborative Fund

Use of funds

Scale manufacturing of third-generation vehicles and accelerate commercial rollout.

As stated by the company.

Sources

1.SpaceX alumni nab $100M to rethink shipping with autonomous freight trains — TechCrunch Startups, Oct 7, 2026

Public sources — Collected from public sources, not yet cross-checked.Last verified Oct 15, 2026