About Parallel Wireless
Parallel Wireless is a company based in Nashua (United States) founded in 2012 by Sridhar Donepudi.. The company has 235 employees as of March 23, 2024. Parallel Wireless offers products and services including OpenRAN, Network Software, and Intelligence and Automation. Parallel Wireless operates in a competitive market with competitors including NEC, Mavenir, CommScope, Juniper Networks and Ericsson, among others.
- Headquarter Nashua, United States
- Employees 235 as on 23 Mar, 2024
- Founders Sridhar Donepudi
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Sectors
Telecommunications
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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 Wireless India Private Limited
- Date of Incorporation 14 May, 2013
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$19.89 M (USD)-3.64as on Mar 31, 2023
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Net Profit
$1.92 M (USD)-0.33as on Mar 31, 2023
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EBITDA
$3.66 M (USD)15.99as on Mar 31, 2023
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Latest Funding Round
$814.55 K (USD), Grant
Jan 01, 2023
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Investors
European Union
& 2 more
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Employee Count
235
as on Mar 23, 2024
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Products & Services of Parallel Wireless
Parallel Wireless offers a comprehensive portfolio of products and services, including OpenRAN, Network Software, and Intelligence and Automation. 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.
Software for interoperable wireless infrastructure deployment
Platforms for RAN and core orchestration and analytics
Software for network optimization and real-time monitoring
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Software Development Team
55 people
Leadership Team
13 people
Senior Team
10 people
Sales and Marketing
8 people
Product Management Team
7 people
Lead Team
5 people
Human Resources and Administration
5 people
Office Team
4 people
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Funding Insights of Parallel Wireless
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $814,548
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Grant - Parallel Wireless | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - Parallel Wireless | Valuation | EchoVC Partners |
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| Feb, 2017 | Amount | Debt – Conventional - Parallel Wireless | Valuation |
investors |
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| 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 Wireless
Parallel Wireless has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, EchoVC Partners and DN Capital. 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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Tech focused Stage-Agnostic VC Firm investing in Sub-Saharan Africa and North America
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Founded Year | Domain | Location | |
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Venture capital firm focused on software, fintech, marketplaces, and consumer internet
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Wireless
| 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 Wireless
| 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 |
Parallel Wireless Comparisons
Competitors of Parallel Wireless
Parallel Wireless 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 NEC, Mavenir, CommScope, Juniper Networks and Ericsson, 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 |
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| domain | founded_year | HQ Location |
Cloud-based IT and networking solutions are provided globally.
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Multi-access edge networking computing platform is provided for mobile services.
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Fiber-optic and wireless infrastructure products provider
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Cloud-based enterprise networking and firewall solutions are delivered.
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Telecom equipment and software solutions are provided for networks.
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| domain | founded_year | HQ Location |
IP networking, ultra-broadband access, and cloud solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Wireless
Frequently Asked Questions about Parallel Wireless
When was Parallel Wireless founded?
Parallel Wireless was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Parallel Wireless located?
Parallel Wireless is headquartered in Nashua, United States. It is registered at Nashua, New Hampshire, United States.
How many employees does Parallel Wireless have?
As of Mar 23, 2024, the latest employee count at Parallel Wireless is 235.
What is the annual revenue of Parallel Wireless?
Annual revenue of Parallel Wireless is $19.89M as on Mar 31, 2023.
What does Parallel Wireless do?
Founded in 2012 and headquartered in Nashua, United States, Parallel Wireless focuses on telecommunications infrastructure. Virtual gateways, small cells, cloud platforms, and open RAN solutions are developed and supplied. The HetNet gateway, constructed using SDN and NFV frameworks, virtualizes radio access networks while real-time orchestration and management of cellular setups are enabled. The Converged Wireless System is deployed as a standards-compliant small cell node under 3GPP guidelines.
Who are the top competitors of Parallel Wireless?
What products or services does Parallel Wireless offer?
Parallel Wireless offers OpenRAN, Network Software, and Intelligence and Automation.
Who are Parallel Wireless's investors?
Parallel Wireless has 3 investors. Key investors include European Union, EchoVC Partners, and DN Capital.
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