About Parallel Domain
Parallel Domain is a company based in Palo Alto (United States) founded in 2017 by Kevin McNamara. Parallel Domain has raised $43.9 million across 4 funding rounds from investors including March Capital, Foundry and Calibrate Ventures. Parallel Domain offers products and services including Simulation API and PD Replica. Parallel Domain operates in a competitive market with competitors including Mighty AI, Sama, Understand, Kognic and Heex, among others.
- Headquarter Palo Alto, United States
- Founders Kevin McNamara
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Parallel Domain Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$43.9 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Series B
Nov 16, 2022
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Investors
March Capital
& 6 more
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Employee Count
Not available
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Products & Services of Parallel Domain
Parallel Domain offers a comprehensive portfolio of products and services, including Simulation API and PD Replica.
API for streaming high-fidelity sensor data to test perception systems.
Generates annotated digital twins from real-world data for simulations.
People of Parallel Domain
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Funding Insights of Parallel Domain
Parallel Domain has successfully raised a total of $43.9M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Parallel Domain
Parallel Domain has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include March Capital, Foundry and Calibrate Ventures.
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Venture capital firm investing in multiple sectors
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Venture capital is invested in early-stage tech startups.
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Tech-focused VC firm funding companies in the US
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Investor details for Parallel Domain
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Investments & Acquisitions by Parallel Domain
Investment portfolio details for Parallel Domain
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Financial Statements - Parallel Domain
Detailed financials for Parallel Domain
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Parallel Domain Comparisons
Peer comparison for Parallel Domain
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Competitors of Parallel Domain
Parallel Domain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mighty AI, Sama, Understand, Kognic and Heex, among others.
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Training data for computer vision and AI models is supplied.
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Data annotation and model evaluation services for AI are provided.
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Image annotation services are provided for AI model training data.
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Provider of SaaS-driven software to improve perception performance for autonomous mobility
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Data from autonomous vehicles is managed and delivered via cloud.
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Detailed competitors of Parallel Domain
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Latest news on Parallel Domain
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Frequently Asked Questions about Parallel Domain
Parallel Domain was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Parallel Domain is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Parallel Domain is a funded company, having raised a total of $43.9M across 4 funding rounds to date.
Parallel Domain was founded in 2017 in Palo Alto, United States. AI-enabled software for simulation is developed, focusing on the autonomous vehicle sector. Configurable and scalable 3D environments are created, enabling integration with existing simulators or data logs. Synthetic datasets and sensor data are provided through products like Batch, Step, and Stream, supporting model training, testing, and real-time responses in simulations.
Parallel Domain offers Simulation API and PD Replica.
Parallel Domain has 7 investors. Key investors include March Capital, Foundry, Calibrate Ventures, Ubiquity Ventures, and Costanoa.