Parallel Web Systems hits $2B valuation five months after its last big raise

The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after ...
Yahoo Finance

Genpact and Parallel Web Systems Partner to Drive Tangible Efficiency from AI Systems

NEW YORK and PALO ALTO, Calif., April 8, 2026 /PRNewswire/ -- Genpact (NYSE: G), an agentic and advanced technology solutions company recognized for its deep industry knowledge, process intelligence, ...
Yahoo

FRA approves first autonomous railcar test program

Add Yahoo as a preferred source to see more of our stories on Google. Parallel Systems has won Federal Railroad Administration approval to test its autonomous, battery-electric rail cars on Genesee & ...
BW Businessworld

Parag Agrawal-founded Parallel Web Systems Secures $100 Mn In Series A Funding

As part of the deal, Kleiner Perkins partner Mamoon Hamid will join Parallel’s board, alongside Vinod Khosla, Shardul Shah ...
Forbes

A ‘Parallel’ Path To Autonomous-Electric Rail Freight Travel

Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...
Los Angeles Business Journal

Parallel Systems Raises $50 Million in Series A

Parallel's rail cars do not need a locomotive — they are individually powered. Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series ...
Railway Age

Parallel Systems Wins $4.4MM DOE Grant

Culver City, Calif.-based Parallel Systems has been awarded a $4.4 million U.S. Department of Energy (DOE) grant to test its autonomous, battery-electric-powered railcar technology. DOE is ...