About ParallelDots
ParallelDots is a Technology company based in Seattle (United States) founded in 2014 by Muktabh Mayank, Angam Parashar, and Ankit Narayan Singh. It operates as an AI-powered image recognition solutions are provided for retail businesses. It operates in the Technology and Retail sectors. ParallelDots has raised $6.5 million across 4 funding rounds from investors including Btomorrow Ventures, Multipoint Capital and TLabs. ParallelDots was last valued at $2.72 million in March 2016. Its chief executive is Angam Parashar. Its website paralleldots.com draws about 51 thousand monthly visits. ParallelDots offers products and services including ShelfWatch, Saarthi, and SmartGaze. Its focus areas include High Tech, AI Infrastructure, Computer Vision and Object Recognition. Its legal entity is ParallelDots Inc. Its competitors include Trax, RetailNext, SPINS, Crisp and Wiser and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Seattle, United States
- Founders Muktabh Mayank, Angam Parashar, Ankit Narayan Singh
- Stage Minicorn
- SectorsTechnologyRetail
- Email••••••••
- Website paralleldots.com
- Social LinkedIn X Facebook
- Legal Name Paralleldots Inc
- Total Equity Funding$6.5M (USD)
in 4 rounds
- Latest Funding Round$4.5M (USD), Series A
May 2022
- InvestorsBtomorrow Ventures
& 2 more
Associated legal entities of ParallelDots
ParallelDots is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Paralleldots Technology Private Limited CIN U74999DL2017FTC326321 | Active | 22 Nov 2017 | New Delhi, Delhi | ₹27.7 Cr | 121 | 2 | View details |
| Artzen Software Labs Private Limited CIN U72900DL2014PTC308434 | Strike Off | 29 Jan 2014 | New Delhi, Delhi | ₹0.0 Cr | 28 | 2 | View details |
Products & Services of ParallelDots
ParallelDots offers a comprehensive portfolio of products and services, including ShelfWatch, Saarthi, and SmartGaze.
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.
Apps and channels of ParallelDots
ParallelDots publishes 2 mobile apps with over 10K+ downloads.
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 $6.5M
- Total Rounds 4
- Last Round Series A — $4.5M
- Investors Count 3
All 4 funding rounds of ParallelDots with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $4.5M | Series A | – | Btomorrow Ventures | |
| Oct 2017 | $1.4M | Seed | – | Multipoint Capital | – |
| Mar 2016 | $604,001 | Seed | $2.72M | Multipoint Capital | – |
| Aug 2014 | – | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2016 | $2.72M | •••••••• |
Last known valuation $2.72M (Mar 2016). 3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in multiple sectors | – | btomorrowv.com | London, United Kingdom | |
- | – | multipointcapital.com | - | |
Consumer internet startups are accelerated and funded by TLabs. | – | tlabs.in | Delhi, India |
Investor details for ParallelDots
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Verified entity values are shown only after access is granted.
Board of directors of ParallelDots
The boards of the 2 registered companies of ParallelDots currently have 2 directors; the longest-serving is Muktabh Mayank Srivastava, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Muktabh Mayank Srivastava DIN 07511796 | Director | 22 Nov 2017 | 8 yrs 10 mo | Paralleldots Technology Private Limited, Artzen Software Labs Private Limited |
| Ankit Narayan Singh DIN 06769048 | Director | 01 Dec 2020 | 5 yrs 10 mo | Paralleldots Technology Private Limited, Artzen Software Labs Private Limited |
People of ParallelDots
29 people are tracked at ParallelDots (8 in leadership, 21 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Jennifer Hussey | VP Of Sales EMEA | Leadership |
Ahwan Kumar | Vp, Tech | Leadership |
Kartik Singh | Associate Vice President | Leadership |
Abishek Vyass | VP Business Development | Leadership |
Prakash Sharma | Head Of Finance And Administration | Leadership |
Maks Mukundan | South East Asia | Team |
Pratesh Tamhankar | Data Scientist | Team |
Mohit Joshi | Project Management Associate | Team |
Akshay Jain | Sales Manager | Team |
Sayalee Bendgude | Associate Data Scientist | Team |
Radek Havlik | Business Development Manager | Team |
Ayush Srivastava | Project Lead | Team |
Maruthi Varaprasad | Senior Data Scientist | Team |
Kunal Burgul | Data Scientist | Team |
Govinda Rajbhar | Data Scientist | Team |
Rishabh Agarwal | CCO | Team |
Suyash Rabra | Product Manager | Team |
9 more people are available in the full profile.
Complete people profiles for ParallelDots
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ParallelDots
Figures of Paralleldots Technology Private Limited, the primary company behind ParallelDots, for FY 2025. Revenue was ₹27.70 Cr (+14% year on year). Net profit was ₹2.01 Cr (7% margin). EBITDA was ₹4.02 Cr (14% margin). Revenue has grown at a compounded annual rate of +47% over three years and +39% over five years.
- ₹27.70 CrRevenue · FY 2025 · +14% YoY
- ₹2.01 CrNet profit · 7% margin
- ₹4.02 CrEBITDA · 14% margin
- ₹1 LakhPaid-up capital
- 121Employees (provident fund records)
- +47%Revenue CAGR, 3 years
- +39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Paralleldots Technology Private Limited are on its company page.
Detailed financial statements for ParallelDots
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of ParallelDots
4 dated milestones of ParallelDots across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ParallelDots is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.5M.
Competitors of ParallelDots
ParallelDots has 8 listed competitors in our database, 7 of them funded. They include Trax, RetailNext, SPINS, Crisp and Wiser, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| traxretail.com | 2010 | Singapore | $1.03B | – | Cloud-based analytics solutions for retail shelf management are delivered. | |
| retailnext.net | 2007 | San Jose, United States | $231.86M | 63 | In-store customer behavior is tracked and analyzed in real-time. | |
| spins.com | 1995 | Chicago, United States | – | 328 | Retail consumer analytics services are provided for natural products sector. | |
| gocrisp.com | 2016 | New York, United States | $134.33M | – | Business analytics software is provided for CPG retailers and suppliers. | |
| wiser.com | 2012 | San Mateo, United States | $10.95M | 156 | Price intelligence and optimization software is provided for e-commerce retailers. | |
| daasity.com | 2017 | San Diego, United States | $20.7M | 31 | eCommerce analytics platform is provided for online sellers. | |
| eversightlabs.com | 2013 | Palo Alto, United States | $25.2M | 55 | SaaS-based promotion software is offered for retail testing. | |
| scanntech.com.br | 1991 | Sao Paulo, Brazil | $50M | – | Analytics software solutions for retail sales and inventory are provided. |
Detailed competitors of ParallelDots
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of ParallelDots
The website of ParallelDots (paralleldots.com) receives about 50.6K visits a month.
- Monthly visits50.6K
▲ 35.3% vs previous month
Websites whose visitors overlap most with ParallelDots. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hogonext.com | hogonext.com | 100% | – | #11,958,025 | – |
ozkatz.github.io | ozkatz.github.io | 89% | – | – | – |
| taqtics.co | 87% | 35.3K | #722,523 | View details | |
| traxretail.com | 87% | 60.7K | #558,867 | View details | |
| commerceiq.ai | 87% | 29.2K | #1,068,562 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for ParallelDots
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 16 similar websites
- Audience overlap
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Top companies in AI Core Platforms & Infrastructure
10 companies that operate in the same segment as ParallelDots (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | – | 11,115 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,820 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | – | 6,146 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | 1,401 |
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Related news about Paralleldots
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 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.
ParallelDots is associated with 2 legal entities: Paralleldots Technology Private Limited, Artzen Software Labs Private Limited.
The legal entities of ParallelDots currently have 2 directors, including Ankit Narayan Singh, Muktabh Mayank Srivastava.
Yes. ParallelDots publishes ShelfWatch and 1 more app, with over 10,000 downloads.