Insights

Strategic expansion Parallel Works has expanded from a research-origin to high-profile government and defense projects, including DARPA NODES and DoD HPCMP contracts. This indicates strong credibility and a growing footprint in secure, mission-critical computing realms, presenting opportunities to upsell enterprise-grade governance, security, and compliance modules.

Security governance Recent initiatives include ACTIVATE High Security Platform and AI governance and budget management capabilities. This points to a strong demand for secure, auditable, and budget-conscious AI and HPC deployments, ripe for cross-sell of governance, cost control, and secure data handling features to large organizations and government entities.

Hybrid cloud focus ACTIVATE serves as a unified control plane for hybrid multi-cloud computing across on‑premises and cloud, highlighting opportunities to overlay additional cloud provider partnerships, fee-based optimization services, and managed provisioning for enterprises pursuing hybrid modernization.

Government & DoD traction Contract wins with the DoD and DARPA indicate a validated value proposition for mission-critical workloads. Sales opportunities exist in expanding into federal systems integrators, expanding DoD tech refresh cycles, and offering tailored compliance, security, and performance benchmarking packages.

AI and cost control Product investments in AI governance, budgeting, and dedicated AI modules suggest a pathway to monetize with large-scale AI initiatives, including enterprise LLM governance, usage analytics, and cost-per-model control for both commercial and government customers.

Similar companies to Parallel Works

Parallel Works Tech Stack

Parallel Works uses 8 technology products and services including Google Ads, iCIMS, Amazon Web Services, and more. Explore Parallel Works's tech stack below.

Media & News

Parallel Works's Email Address Formats

Parallel Works uses at least 3 email formats:
Parallel Works Email FormatsExamplePercentage
FLast@parallelworks.comJDoe@parallelworks.com
50%
Last@parallelworks.comDoe@parallelworks.com
34%
First@parallelworks.comJohn@parallelworks.com
16%

Frequently Asked Questions

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

Minus sign iconPlus sign icon
Parallel Works's official website is parallelworks.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Parallel Works generate?

Minus sign iconPlus sign icon
As of August 2026, Parallel Works's annual revenue is estimated to be $25M - $50M.

What is Parallel Works's NAICS code?

Minus sign iconPlus sign icon
Parallel Works's NAICS code is 5112 - Software Publishers.

How many employees does Parallel Works have currently?

Minus sign iconPlus sign icon
As of August 2026, Parallel Works has approximately 24 employees across 3 continents, including North America, Europe and Asia. Key team members include Senior Managing Director: P. W. I. M., Director Of Marketing: B. J. and Lead Solutions Engineer: A. V. T. Explore Parallel Works's employee directory with LeadIQ.

What industry does Parallel Works belong to?

Minus sign iconPlus sign icon
Parallel Works operates in the Software Development industry.

What technology does Parallel Works use?

Minus sign iconPlus sign icon
Parallel Works's tech stack includes Google Ads, iCIMS, Amazon Web Services, Squarespace, Shopify, Amazon Simple Email Service, Piwik and Piwik PRO Core.

What is Parallel Works's email format?

Minus sign iconPlus sign icon
Parallel Works's email format typically follows the pattern of FLast@parallelworks.com. Find more Parallel Works email formats with LeadIQ.

How much funding has Parallel Works raised to date?

Minus sign iconPlus sign icon
As of August 2026, Parallel Works has raised $870K in funding. The last funding round occurred on Jan 30, 2017 for $500K.

When was Parallel Works founded?

Minus sign iconPlus sign icon
Parallel Works was founded in 2015.
Parallel Works logo

Parallel Works

Software DevelopmentIllinois, United States11-50 Employees

Parallel Works, founded in 2015 out of Argonne National Laboratory, is a mid-sized Chicago-based software development company focused on hybrid multi-cloud computing. Its flagship ACTIVATE control plane enables provisioning, management, and sharing of computing resources across on-premises and cloud environments, targeting compute-intensive workloads and AI models. The platform emphasizes cost control and budgeting to support sustainable use and transparency.

The company's customers include government agencies and large enterprises seeking unified access to diverse computing resources, with deployments and partnerships evidenced by work with the DoD HPCMP and General Dynamics Information Technology. In 2026, Parallel Works announced AI governance and budget management features for ACTIVATE AI, marking an expansion into governing AI usage across private and commercial models.

Section iconCompany Overview

NAICS Code
5112 - Software Publishers
Founded
2015
Employees
11-50

Section iconFunding & Financials

  • $870K

    Parallel Works has raised a total of $870K of funding over 2 rounds. Their latest funding round was raised on Jan 30, 2017 in the amount of $500K as a Seed.

  • $25M - $50M

    Parallel Works's revenue is estimated to be in the range of $25M - $50M

Ready to create more pipeline?

Get a demo and discover why thousands of SDR and Sales teams trust
LeadIQ to help them build pipeline confidently.

© LeadIQ, Inc. All rights reserved.