ParallelDots

Seattle, United States Founded: 2014 • Age: 12 yrs
AI-powered image recognition solutions are provided for retail businesses.
Annual revenue - Latest available
Total funding $6.5M 4 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About ParallelDots

ParallelDots is a company based in Seattle (United States) founded in 2014 by Muktabh Mayank, Angam Parashar, and Ankit Narayan Singh. ParallelDots has raised $6.5 million across 4 funding rounds from investors including Btomorrow Ventures, Multipoint Capital and TLabs. ParallelDots offers products and services including ShelfWatch, Saarthi, and SmartGaze. ParallelDots operates in a competitive market with competitors including Trax, RetailNext, SPINS, Crisp and Wiser, among others.

  • Headquarter Seattle, United States
  • Founders Muktabh Mayank, Angam Parashar, Ankit Narayan Singh
  • Stage Minicorn
  • Sectors
    Technology
    Retail
  • Email
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  • Phone
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  • Website
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  • Legal Name Paralleldots Inc
Operational Areas
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Retail → Retail Technology & Automation Unlock Sub-Sector Unlock Segment
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $6.5 M (USD)

    in 4 rounds

  • Latest Funding Round
    $4.5 M (USD), Series A

    May 16, 2022

  • Investors
  • Employee Count
    Not available
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Products & Services of ParallelDots

ParallelDots offers a comprehensive portfolio of products and services, including ShelfWatch, Saarthi, and SmartGaze.

Product name locked
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Primary

Analyzes retail shelf images for real-time compliance and KPI insights.

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Enables rapid training of image recognition models for new SKUs.

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Automates gaze-coding for mobile and retail research applications.

People of ParallelDots

Headcount 1-10
Employee Profiles 29
Employee Profiles
People
Jennifer Hussey
VP Of Sales EMEA
People
Pratesh Tamhankar
Data Scientist
People
Mohit Joshi
Project Management Associate
People
Akshay Jain
Sales Manager

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Funding Insights of ParallelDots

ParallelDots has successfully raised a total of $6.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in May 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 ParallelDots

ParallelDots has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Btomorrow Ventures, Multipoint Capital and TLabs.

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Venture Fund
Investor Description Founded Year Domain Location
Venture capital firm investing in multiple sectors
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Consumer internet startups are accelerated and funded by TLabs.
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Investor details for ParallelDots

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Investments & Acquisitions by ParallelDots

Investments
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Investment portfolio details for ParallelDots

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Financial Statements - ParallelDots

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Detailed financials for ParallelDots

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Paralleldots Comparisons

ParallelDots Primary company
Description
AI-powered image recognition solutions are provided for reta...
Location
Seattle, United States
Founded Year
2014
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for ParallelDots

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Competitors of ParallelDots

ParallelDots 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 Trax, RetailNext, SPINS, Crisp and Wiser, among others.

Company Name Domain Founded year HQ Location Description
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Cloud-based analytics solutions for retail shelf management are delivered.
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In-store customer behavior is tracked and analyzed in real-time.
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Retail consumer analytics services are provided for natural products sector.
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Business analytics software is provided for CPG retailers and suppliers.
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Price intelligence and optimization software is provided for e-commerce retailers.
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eCommerce analytics platform is provided for online sellers.
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Detailed competitors of ParallelDots

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Latest news on Paralleldots

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Complete news archive for ParallelDots

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Frequently Asked Questions about ParallelDots

ParallelDots was founded in 2014.

ParallelDots is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.

Angam Parashar is the current CEO of ParallelDots. They have also founded this company.

ParallelDots is a funded company, having raised a total of $6.5M across 4 funding rounds to date.

ParallelDots was founded in 2014 and is headquartered in Seattle, United States. Computer vision technology is utilized by the platform to deliver image recognition software focused on retail execution and shelf monitoring. Services include digital store audits, promotion and pricing compliance checks, planogram adherence, field force management, shelf analytics, and competitive intelligence. Augmented reality-based audit tools are also offered, along with capabilities for training custom image recognition models.

ParallelDots's top competitors include Trax, Eversight and Wiser.

ParallelDots offers ShelfWatch, Saarthi, and SmartGaze.

ParallelDots has 3 investors. Key investors include Btomorrow Ventures, Multipoint Capital, and TLabs.

The valuation of ParallelDots is $2.72M as of Mar 2016.

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