Parallel

The momentum at Parallel Systems keeps building! Following our $100M fundraise, we're continuing to grow our team with exceptional talent from across engineering, software, hardware, and beyond. In the last month, we've welcomed six new teammates who bring incredible experience from some of the most innovative companies across technology, energy, and transportation. Eddie Salas | Senior Technical Recruiter Brings 8+ years of experience building technical teams at ServiceTitan. Julian Rubinstein | Mechanical Engineer Joins from Bimotal, where he helped take innovative e-bike powertrains from prototype to production. Michael Nussbaum | Staff Software Engineer Spent the last five years building battery trading platforms at Equilibrium Energy. Apurava Barot | Wireless Solutions Architect Previously led wireless architecture across Disneyland Resort and Disney's corporate properties. Uche Okwo | Embedded Software Engineer Brings experience spanning machine learning at Gridspace and satellite software at MIT. Veronica Yarovinsky | Electrical Engineer A Dartmouth graduate who previously worked on utility-scale battery storage at Tesla. Building the future of freight rail requires bringing together exceptional people with diverse technical backgrounds, and we're excited to see the impact this group will have as we continue scaling our technology and operations. Please join us in welcoming our newest teammates to Parallel! We're continuing to hire across the company. If you're excited about solving hard problems, building groundbreaking technology, and transforming how freight moves, we'd love to hear from you. Explore our open roles: https://lnkd.in/gikzEBVk #Hiring #ParallelSystems

First the NYSE. Now Nasdaq. It's been quite a week for Parallel! A huge thank you to Nasdaq for lighting up Times Square to celebrate our $100M Series C and our mission to bring autonomous, battery-electric freight rail to the world. Two iconic exchanges. One massive milestone for Parallel. The future of freight rail is looking brighter than ever. #ParallelSystems #AutonomousRail #FutureOfFreight

First the NYSE. Now Nasdaq. It's been quite a week for Parallel! A huge thank you to Nasdaq for lighting up Times Square to celebrate our $100M Series C and our mission to bring autonomous, battery-electric freight rail to the world. Two iconic exchanges. One massive milestone for Parallel. The future of freight rail is looking brighter than ever. #ParallelSystems #AutonomousRail #FutureOfFreight

From the rail yard to the New York Stock Exchange. Last Friday, the NEW YORK STOCK EXCHANGE lit up its trading floor to celebrate Parallel Systems' $100 million funding round! A milestone worth celebrating. And an even bigger signal of what's ahead. We're building the future of freight transportation with autonomous, battery-electric rail technology, and this investment is a powerful validation of our team, our technology, and the opportunity to transform an industry. To our investors, partners, and the incredible team making this possible: thank you. And we're hiring! Come join us: https://lnkd.in/gtRj4h8Z #ParallelSystems #AutonomousRail #FutureOfFreight #NYSE

I'm excited to announce that Parallel has closed $100M in new funding. The round was led by AVP | Advance Venture Partners, with new investors Hillspire, Agility, and Cobalt Capital alongside continued support from Anthos Capital, Congruent Ventures, Riot Ventures and Collaborative Fund. Since our last raise, we've made big strides in our first deployment with Genesee & Wyoming Inc. and have started production of our next generation vehicle to fulfill customer orders. This new capital will allow us to scale and is testament to the strength of the Parallel team and the new business this technology enables for our customers. Big thanks to Tim De Chant at TechCrunch for the coverage. https://lnkd.in/gtRJBBR6

We’re excited to announce $100 million in new funding for Parallel! The round was led by AVP | Advance Venture Partners, with new investors Hillspire, Agility Global, and Cobalt Capital, alongside continued support from Anthos Capital, Congruent Ventures, Riot Ventures, and Collaborative Fund. Since our Series B in 2025, major railroads are now under contract to deploy our autonomous, battery-electric rail system, and our Georgia pilot with Genesee & Wyoming Inc. continues to advance under Federal Railroad Administration supervision. This investment is more than capital. It’s validation of the technology, the team building it, and the massive opportunity ahead to transform how freight moves by rail. Now, we get to scale it. The next chapter of freight autonomy starts here. Read more from TechCrunch: https://lnkd.in/g7FD_M3r

In California, the average price of diesel is now well over $8 per gallon, putting the cost of trucking at more than $1 per mile just for fuel. With the energy efficiency of rail and utility electric rates, Parallel's battery electric powertrain costs just $0.10 per mile in energy to move the same freight. Reporting by Esther Fung, Laura Cooper, and Costas Paris. https://lnkd.in/gaiC8fwr

Parallel is going global. 🌍 We’re partnering with Agility to bring Parallel’s autonomous, battery-electric freight rail platform to the Middle East and EMEA. The opportunity is massive: modernizing how freight moves with a new model for rail that’s autonomous, flexible, and built for shorter distances. This is a major step toward bringing Parallel to markets around the world. More from Agility below. 👇

Welcome Francisco Hernandez, our new Senior Recruiter! Francisco brings deep technical recruiting experience across aerospace, defense, and emerging technology, including time at Inversion, Rocket Lab, JPL/NASA, and Silvus Technologies. As we continue growing across hardware, software, autonomy, manufacturing, and more, Francisco will help us find and bring in the exceptional talent it takes to build something that hasn’t been built before. Outside of work, Francisco is a husband and dad of two and spends plenty of time on the sidelines supporting his kids across baseball, softball, football, and whatever sport comes next. We’re excited to have him on board! And if building the future of freight sounds like your kind of challenge, we’re hiring!

Another major milestone for Parallel in Georgia.    We’re kicking off the next phase of our autonomous rail program with Genesee & Wyoming Inc., expanding both the capability and operating range of our vehicles on the Heart of Georgia Railroad.    This phase introduces a major unlock: remote supervision as opposed to line-of-sight supervision in the field, opening the door to centralized operations across rail networks.    We’re also significantly extending the distance of our automated runs, while expanding operations across more complex infrastructure, including diamond crossings.    A huge thank you to the Parallel, Genesee & Wyoming, and FRA teams for safely and successfully pushing the boundaries of what autonomous rail operations can achieve!    #ParallelSystems #AutonomousRail #FreightRail #RailTechnology