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
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Sectors
TechnologyRetail
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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 Paralleldots 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
$6.5 M (USD)
in 4 rounds
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Latest Funding Round
$4.5 M (USD), Series A
May 16, 2022
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Investors
Btomorrow Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of ParallelDots
ParallelDots offers a comprehensive portfolio of products and services, including ShelfWatch, Saarthi, and SmartGaze. 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.
Analyzes retail shelf images for real-time compliance and KPI insights.
Enables rapid training of image recognition models for new SKUs.
Automates gaze-coding for mobile and retail research applications.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $4.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - ParallelDots | Valuation | Btomorrow Ventures | |
| Oct, 2017 | Amount | Seed - ParallelDots | Valuation | Multipoint Capital |
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| Mar, 2016 | Amount | Seed - ParallelDots | Valuation | Multipoint Capital |
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| 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 |
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. 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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Consumer internet startups are accelerated and funded by TLabs.
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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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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 ParallelDots
| 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 - ParallelDots
| 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 |
Paralleldots Comparisons
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. 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 analytics solutions for retail shelf management are delivered.
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| domain | founded_year | HQ Location |
In-store customer behavior is tracked and analyzed in real-time.
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| domain | founded_year | HQ Location |
Retail consumer analytics services are provided for natural products sector.
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| domain | founded_year | HQ Location |
Business analytics software is provided for CPG retailers and suppliers.
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| domain | founded_year | HQ Location |
Price intelligence and optimization software is provided for e-commerce retailers.
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| domain | founded_year | HQ Location |
eCommerce analytics platform is provided for online sellers.
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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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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 Paralleldots
Frequently Asked Questions about ParallelDots
When was ParallelDots founded?
ParallelDots was founded in 2014.
Where is ParallelDots located?
ParallelDots is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of ParallelDots?
Angam Parashar is the current CEO of ParallelDots. They have also founded this company.
Is ParallelDots a funded company?
ParallelDots is a funded company, having raised a total of $6.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $604K, raised on Aug 07, 2014.
What does ParallelDots do?
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.
Who are the top competitors of ParallelDots?
What products or services does ParallelDots offer?
ParallelDots offers ShelfWatch, Saarthi, and SmartGaze.
Who are ParallelDots's investors?
ParallelDots has 3 investors. Key investors include Btomorrow Ventures, Multipoint Capital, and TLabs.
What is ParallelDots's valuation?
The valuation of ParallelDots is $2.72M as of Mar 2016.
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