# Parallelz: Computer software, Toronto, Canada

> Parallelz: Parallelz is a Toronto-based software company founded in 2021. Based in Toronto, Canada. Founded 2021.

Source: https://millionrounds.com/startup/parallelz (Millionrounds; every figure on the page links to its filing or article)

Canada · [Computer software startup](https://millionrounds.com/companies)

# Parallelz

Parallelz is a Toronto-based software company founded in 2021.

Funding reported Last round: Pre-seed

Computer software Toronto, Canada

Company summary

- **Founded:** 2021 5 years old
- **Team:** 3 1 to 10 people
- **Funding reported:** 3.8M as listed, currency not stated
- **Last round:** Pre-seed Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Parallelz has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Parallelz

Parallelz is a Toronto-based software company founded in 2021.

The company is focused on developing a new computing architecture and platform that changes how mobile apps are distributed and discovered. Its core technology allows for the transformation of native mobile apps into fully native web apps without any modifications or the need for an SDK. This approach aims to maintain visual quality and user experience while making apps instantly accessible through a browser. The main services offered by Parallelz include app transformation and distribution. Developers can convert existing native mobile apps into native web apps without rewriting code, distribute apps across various digital and social channels, and provide users with a fast and frictionless experience that avoids traditional app store dependencies. The platform is designed for mobile application developers, publishers, and game developers looking for innovative ways to reach users directly. Parallelz operates as a privately held company with a small team and has secured pre-seed funding to support its initiatives.

## What company datasets say Parallelz raised

Funding, as reported

Reported in all **3.8M** in the source's currency

Rounds **1**

Last round **Pre-seed**

Last round size **3M**

Last round date **Jun 2022**

Investors listed **12**

## Founders and team

From Parallelz's own website: 2 founders.

**Albet Lai** Founder, CEO

**Julia Pelletier** Co-Founder

## On 3 portfolio pages

Investors who name them

- [Garage Capital](https://millionrounds.com/fund/garage-capital)
- [Play Ventures](https://millionrounds.com/fund/play-ventures)
- [Play Ventures PTE LTD](https://millionrounds.com/fund/play-ventures-pte-ltd)

Each firm lists Parallelz on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

user experience mobile apps no installations customer engagement app discovery innovation web apps distribution scalable solutions experience enhancement app experience personalization enterprises entrepreneurial leadership information technology & services mobile technology app discovery frictionless experience

Built with from their website

Google Tag Manager WebRTC WordPress.org PWA CallMiner Eureka C/C++ Google Workspace CloudFlare Viewport Meta CloudSponge

+8 more

WebGL webpack Azure Linux Virtual Machines AI Google Meet Firebase CloudFlare CDN Prometheus

- **Sector:** Computer software
- **Industry code:** NAICS 51321, SIC 7375, 7372
- **Region:** Ontario
- **Revenue:** 1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/parallelz)

## Computer software in Canada

Startups like it

- [**HiMama, Inc.** Toronto · founded 2013](https://millionrounds.com/startup/himama-inc)
- [**Fionet Inc.** Richmond Hill · founded 2010](https://millionrounds.com/startup/fionet-inc)
- [**TickSmith Corp.** Montreal · founded 2012](https://millionrounds.com/startup/ticksmith-corp)
- [**Interset** Ottawa · founded 2015](https://millionrounds.com/startup/interset)
- [**Arcobi** Calgary · founded 2017](https://millionrounds.com/startup/arcobi)
- [**Arcus Power Corp** Calgary](https://millionrounds.com/startup/arcus-power-corp)
- [**EnPowered** Kitchener · founded 2015](https://millionrounds.com/startup/enpowered-2)
- [**SoapBox Innovations, Inc.** Toronto · founded 2010](https://millionrounds.com/startup/soapbox-innovations-inc)

## Is this your company?

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