Insights

Sustainable Innovation Parallel Systems' focus on autonomous, battery-electric freight rail vehicles positions it as a key player in eco-friendly logistics solutions. This presents opportunities to engage with transportation providers and freight companies committed to reducing their environmental footprint.

Expanding Market Reach The company's recent pilot programs and partnership with Futurail in Georgia indicate an active push into commercial markets, opening doors for sales collaborations with regional rail operators, last-mile logistics firms, and government agencies seeking sustainable infrastructure upgrades.

Funding & Growth With over 100 million dollars secured in Series B funding and ongoing development efforts, Parallel Systems is in a growth phase, offering potential for strategic alliances with investors, technology integrators, and fleet management solutions to accelerate deployment.

Technological Edge Utilizing advanced tech stacks including robotics, cloud management, and IoT platforms, the company's innovative approach creates opportunities to cross-sell complementary hardware, software, and automation services to enhance operational efficiency.

Industry Collaboration Partnerships with groups like Lohr and Futurail showcase a collaborative approach to market entry, suggesting avenues for joint ventures or strategic partnerships with equipment manufacturers, rail operators, and logistics networks aiming to modernize freight transport.

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

Where is Parallel Systems's headquarters located?

Minus sign iconPlus sign icon
Parallel Systems's main headquarters is located at Los Angeles, California 90013 US. The company has employees across 3 continents, including North AmericaEuropeOceania.

What is Parallel Systems's stock symbol?

Minus sign iconPlus sign icon
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?

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

What is Parallel Systems's NAICS code?

Minus sign iconPlus sign icon
Parallel Systems's NAICS code is 3365 - Railroad Rolling Stock Manufacturing.

How many employees does Parallel Systems have currently?

Minus sign iconPlus sign icon
As of October 2025, Parallel Systems has approximately 46 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?

Minus sign iconPlus sign icon
Parallel Systems operates in the Railroad Equipment Manufacturing industry.

What technology does Parallel Systems use?

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

What is Parallel Systems's email format?

Minus sign iconPlus sign icon
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?

Minus sign iconPlus sign icon
As of October 2025, Parallel Systems has raised $38M in funding. The last funding round occurred on Apr 14, 2025 for $38M.

When was Parallel Systems founded?

Minus sign iconPlus sign icon
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

Headquarters
Los Angeles, California 90013 US
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

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.