# Parallel Systems funding: rounds and investors

> Parallel Systems has raised $38M across 1 round since 2025. Investors include Collaborative Fund and Congruent Ventures. Every round with its source.

Source: https://millionrounds.com/company/parallel-systems (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Parallel Systems*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs

Funding summary Updated 26 Oct 2026

**$38M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series B, $38M Apr 2025
- **Investors:** 2

See who backed them

## The rounds

- **Apr 2025** Series B **$38M** [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) [Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) Source recorded

## Everyone who backed them

[Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) VC firm **1** round

[Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=parallel-systems).

## Quick answers about Parallel Systems

### Who invested in Parallel Systems?

Parallel Systems's investors include Collaborative Fund and Congruent Ventures.

### How much has Parallel Systems raised?

Parallel Systems has raised $38M across 1 round since 2025.

### When did Parallel Systems last raise?

Parallel Systems's most recent round was a Series B of $38M in Apr 2025.

### What was Parallel Systems's biggest round?

Its most recent round, $38M in Apr 2025, is also its largest on record.

### Who backed Parallel Systems first?

Parallel Systems's first round on record, in Apr 2025, was backed by Collaborative Fund and Congruent Ventures.

### What stage is Parallel Systems at?

Parallel Systems's latest named round is a Series B, in Apr 2025.

### Where is Parallel Systems based?

Parallel Systems is based in the United States.

## Companies like Parallel Systems

In the same sector, and raised in the last eighteen months.

[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**American Metal** $1.7M · Oct 2026](https://millionrounds.com/company/american-metal)[**Waymo** $27B · Oct 2026](https://millionrounds.com/company/waymo)[**Flai** $32M · Oct 2026](https://millionrounds.com/company/flai)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom)[**Simple Energy** $199M · Sept 2026](https://millionrounds.com/company/simple-energy)

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