About Parallel Flight
Parallel Flight is a company based in Watsonville (United States) founded in 2018. Parallel Flight has raised $1.34 million across 5 funding rounds from investors including NASA and America’s Seed Fund. Parallel Flight offers products and services including Firefly UAS. Parallel Flight operates in a competitive market with competitors including Hemav, Airware, Altaeros, Azur Drones and Avy, among others.
- Headquarter Watsonville, United States
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Sectors
Aerospace, Defense & Maritime
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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 Flight Technologies, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.34 M (USD)
in 5 rounds
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Latest Funding Round
$650 K (USD), Grant
Sep 01, 2021
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Investors
NASA
& 1 more
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Employee Count
Not available
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Products & Services of Parallel Flight
Parallel Flight offers a comprehensive portfolio of products and services, including Firefly UAS.
Heavy-lift drone for extended payload missions in defense and logistics sectors.
People of Parallel Flight
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Funding Insights of Parallel Flight
Parallel Flight has successfully raised a total of $1.34M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $650 thousand completed in September 2021. 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 Flight
Parallel Flight has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include NASA and America’s Seed Fund.
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Venture capital fund backed by the US Government
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Government space exploration and research services are provided.
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Investor details for Parallel Flight
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Investments & Acquisitions by Parallel Flight
Investment portfolio details for Parallel Flight
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Financial Statements - Parallel Flight
Detailed financials for Parallel Flight
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Parallel Flight Comparisons
Peer comparison for Parallel Flight
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Competitors of Parallel Flight
Parallel Flight 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 Hemav, Airware, Altaeros, Azur Drones and Avy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Aerial photography and remote sensing services using proprietary drones
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Integrated drone platforms are developed for enterprise applications.
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Provider of wireless network infrastructure solutions
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Drone flight solutions are provided using proprietary drones.
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Medical deliveries and emergency responses are facilitated using drones.
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Detailed competitors of Parallel Flight
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Latest news on Parallel Flight
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Frequently Asked Questions about Parallel Flight
Parallel Flight was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Parallel Flight is headquartered in Watsonville, United States. It is registered at Watsonville, California, United States.
Parallel Flight is a funded company, having raised a total of $1.34M across 5 funding rounds to date.
Parallel Flight was founded in 2018 and is based in Watsonville, United States. A drone platform tailored for industrial uses is offered, featuring the Heavy Lift Platform with Parallel Hybrid technology. This enables the lifting of payload equal to the platforms own mass, excluding fuel, for more than one hour. Applications include unmanned logistics, search-and-rescue operations, firefighting, and heavy sensor deployments.
Parallel Flight's top competitors include Hemav, Altaeros and Azur Drones.
Parallel Flight offers Firefly UAS.
Parallel Flight has 2 investors. Key investors include NASA, and America’s Seed Fund.