Insights

Sustainable freight shift Parallel focuses on autonomous, battery-electric rail vehicles to convert freight from truck to rail, presenting a sales angle to fleets and shippers seeking lower costs, reduced emissions, and highway decongestion.

Rail integration opportunity Target railroad operators and terminal operators that want seamless integration with existing rail operations, highlighting compatibility and potential to expand serviceable markets beyond current routes.

Mid-market potential Company size and revenue position Parallel in the small-to-mid market segment suggests upsell opportunities with regional carriers and logistics providers seeking innovative, scalable rail solutions without large enterprise bids.

Technology stack leverage Leverage Parallel’s use of advanced tech such as CUDA, SCADA, and Docker to pitch modernization gains, cybersecurity hardening, and real-time monitoring to customers prioritizing reliability and performance.

Funding and validation With ongoing funding and a clear mission to reduce trucking, position Parallel as a strategic partner for fleets and shippers looking to align with sustainability goals, potential grants, and incentive programs.

Parallel Tech Stack

Parallel uses 8 technology products and services including CUDA, Docker, gstatic.com, and more. Explore Parallel's tech stack below.

  • CUDA
    Audio, Video, Graphics
  • Docker
    Containerization
  • gstatic.com
    Content Delivery Network
  • Odoo
    Content Management System
  • SCADA
    Control Systems
  • HashiCorp Vault
    Data Security
  • reCAPTCHA
    Security
  • Navan
    Travel And Expense Management

Parallel's Email Address Formats

Parallel uses at least 1 format(s):
Parallel Email FormatsExamplePercentage
First@moveparallel.comJohn@moveparallel.com
63%
First.Last@moveparallel.comJohn.Doe@moveparallel.com
18%
FLast@moveparallel.comJDoe@moveparallel.com
17%
Middle@moveparallel.comMichael@moveparallel.com
2%

Frequently Asked Questions

What is Parallel's stock symbol?

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

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

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

How much revenue does Parallel generate?

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As of July 2026, Parallel's annual revenue is estimated to be $1M - $10M.

What is Parallel's NAICS code?

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

How many employees does Parallel have currently?

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As of July 2026, Parallel has approximately 58 employees across 3 continents, including North AmericaEuropeOceania. Key team members include Chief Executive Officer And Co-Founder: M. S.Co-Founder, Vice President Of Engineering: B. S.Owner/Manager: L. G.. Explore Parallel's employee directory with LeadIQ.

What industry does Parallel belong to?

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Parallel operates in the Railroad Equipment Manufacturing industry.

What technology does Parallel use?

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Parallel's tech stack includes CUDADockergstatic.comOdooSCADAHashiCorp VaultreCAPTCHANavan.

What is Parallel's email format?

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

How much funding has Parallel raised to date?

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As of July 2026, Parallel has raised $38M in funding. The last funding round occurred on May 14, 2025 for $38M.

When was Parallel founded?

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Parallel was founded in 2020.
Parallel logo

Parallel

Railroad Equipment ManufacturingCalifornia, United States51-200 Employees

Parallel Systems is a company based in Los Angeles, California, operating in the railroad equipment manufacturing sector. It develops autonomous, battery-electric rail vehicles intended to transfer freight from trucks to rail, with the goal of safer, more efficient, and lower-emission freight movement. The technology is designed to integrate with existing rail operations and to help railroads reach new markets, ease highway congestion, and reduce shipping costs and pollution.

Its target customers are railroads and freight operators seeking to shift intermodal traffic from road to rail. In 2025, the company received approval for a pilot program in Georgia, signaling a step toward broader deployment. The company positions itself within the emerging field of autonomous freight mobility, aiming to complement traditional rail infrastructure rather than replace it.

Section iconCompany Overview

Stock Symbol
DUOUSD
NAICS Code
3365 - Railroad Rolling Stock Manufacturing
Founded
2020
Employees
51-200

Section iconFunding & Financials

  • $38M

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

  • $1M - $10M

    Parallel's revenue is estimated to be in the range of $1M - $10M

Section iconFunding & Financials

  • $38M

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

  • $1M - $10M

    Parallel's revenue is estimated to be in the range of $1M - $10M

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