Insights

Innovative Technology Parallel Systems' development of autonomous, battery-electric rail vehicles positions it as a pioneer in sustainable freight transportation, presenting opportunities to collaborate with logistics providers seeking eco-friendly and advanced rail solutions.

Market Expansion With recent pilot programs and partnerships in California and Georgia, there is significant potential to expand sales to regional rail operators and freight companies looking to adopt innovative freight solutions that reduce congestion and emissions.

Funding & Growth Having secured over $100 million in funding and planning to commercialize by 2026, Parallel Systems is poised for rapid growth, offering market entry points for suppliers of rail technology, battery systems, and automation components.

Sustainability Focus The company's emphasis on reducing pollution and highway congestion aligns with the increasing demand for green logistics solutions, ideal for partnerships with environmentally conscious shippers and freight carriers seeking to meet sustainability targets.

Strategic Partnerships Collaborations with industry players like the Lohr Group and Futurail demonstrate a strategic channel for scaling deployment, indicating an opportunity to offer integrated rail systems, maintenance services, and operational support for expanding fleets.

Parallel Systems Tech Stack

Parallel Systems uses 8 technology products and services including MATLAB, Rippling, Snowflake, and more. Explore Parallel Systems's tech stack below.

  • MATLAB
    Advanced Analytics And Data Science
  • Rippling
    Applicant Tracking Systems
  • Snowflake
    Data Management Platforms
  • oEmbed
    Dev Tools
  • Robot Operating System
    Open Source
  • iOS
    Programming Languages
  • X-XSS-Protection
    Security
  • Cloudflare Bot Management
    Security

Media & News

Parallel Systems's Email Address Formats

Parallel Systems uses at least 1 format(s):
Parallel Systems Email FormatsExamplePercentage
First@moveparallel.comJohn@moveparallel.com
68%
First.Last@moveparallel.comJohn.Doe@moveparallel.com
19%
FLast@moveparallel.comJDoe@moveparallel.com
11%
Middle@moveparallel.comMichael@moveparallel.com
2%

Frequently Asked Questions

What is Parallel Systems's stock symbol?

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Parallel Systems is a publicly traded company; the company's stock symbol is DUOUSD.

What is Parallel Systems's official website and social media links?

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Parallel Systems's official website is moveparallel.com and has social profiles on LinkedInCrunchbase.

What is Parallel Systems's NAICS code?

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Parallel Systems's NAICS code is 3365 - Railroad Rolling Stock Manufacturing.

How many employees does Parallel Systems have currently?

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As of December 2025, Parallel Systems has approximately 49 employees across 3 continents, including North AmericaEuropeOceania. Key team members include Chief Executive Officer And Co-Founder: M. S.Chief Operating Officer: G. L.Head Of Analytics & Applications: M. S.. Explore Parallel Systems's employee directory with LeadIQ.

What industry does Parallel Systems belong to?

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Parallel Systems operates in the Railroad Equipment Manufacturing industry.

What technology does Parallel Systems use?

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Parallel Systems's tech stack includes MATLABRipplingSnowflakeoEmbedRobot Operating SystemiOSX-XSS-ProtectionCloudflare Bot Management.

What is Parallel Systems's email format?

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Parallel Systems's email format typically follows the pattern of First@moveparallel.com. Find more Parallel Systems email formats with LeadIQ.

How much funding has Parallel Systems raised to date?

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As of December 2025, Parallel Systems has raised $38M in funding. The last funding round occurred on Apr 14, 2025 for $38M.

When was Parallel Systems founded?

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Parallel Systems was founded in 2020.

Parallel Systems

Railroad Equipment ManufacturingCalifornia, United States11-50 Employees

Parallel develops autonomous, battery-electric rail vehicles to convert freight from truck to rail. Our technology enables railroads to serve new markets, decongest highways, and reduce shipping costs and pollution. We provide a safer, more efficient, and sustainable alternative to short-haul trucking, seamlessly integrating with existing rail operations and powering the future of freight.

Section iconCompany Overview

Stock Symbol
DUOUSD
NAICS Code
3365 - Railroad Rolling Stock Manufacturing
Founded
2020
Employees
11-50

Section iconFunding & Financials

  • $38M

    Parallel Systems has raised a total of $38M of funding over 3 rounds. Their latest funding round was raised on Apr 14, 2025 in the amount of $38M.

  • $10M$25M

    Parallel Systems's revenue is estimated to be in the range of $10M$25M

Section iconFunding & Financials

  • $38M

    Parallel Systems has raised a total of $38M of funding over 3 rounds. Their latest funding round was raised on Apr 14, 2025 in the amount of $38M.

  • $10M$25M

    Parallel Systems's revenue is estimated to be in the range of $10M$25M

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