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
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for streaming high-fidelity sensor data to test perception systems.
Generates annotated digital twins from real-world data for simulations.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $30.0M
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First Round
First Round
(03 Apr 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Parallel Domain | Valuation | March Capital | |
| Dec, 2020 | Amount | Series A - Parallel Domain | Valuation | Foundry | |
| Jun, 2018 | Amount | Seed - Parallel Domain | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parallel Domain
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parallel Domain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parallel Domain Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Training data for computer vision and AI models is supplied.
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| domain | founded_year | HQ Location |
Data annotation and model evaluation services for AI are provided.
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| domain | founded_year | HQ Location |
Image annotation services are provided for AI model training data.
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| domain | founded_year | HQ Location |
Provider of SaaS-driven software to improve perception performance for autonomous mobility
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| domain | founded_year | HQ Location |
Data from autonomous vehicles is managed and delivered via cloud.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parallel Domain
Frequently Asked Questions about Parallel Domain
When was Parallel Domain founded?
Parallel Domain was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Parallel Domain located?
Parallel Domain is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Parallel Domain a funded company?
Parallel Domain is a funded company, having raised a total of $43.9M across 4 funding rounds to date.
What does Parallel Domain do?
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.
Who are the top competitors of Parallel Domain?
What products or services does Parallel Domain offer?
Parallel Domain offers Simulation API and PD Replica.
Who are Parallel Domain's investors?
Parallel Domain has 7 investors. Key investors include March Capital, Foundry, Calibrate Ventures, Ubiquity Ventures, and Costanoa.
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