About ParallelM
ParallelM is a company based in San Francisco (United States) founded in 2014 by Ofir Shalvi, Sivan Metzger, Nisha Talagala, and Ofer Bar Or was acquired by DataRobot in June 2019.. ParallelM operates in a competitive market with competitors including ClusterOne, Elastic M2M, Dataspine, Chengdy Ruiyan Technology and RiseML, among others.
- Headquarter San Francisco, United States
- Founders Ofir Shalvi, Sivan Metzger, Nisha Talagala, Ofer Bar Or
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of ParallelM
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in ParallelM
ParallelM has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include DataRobot. 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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Provider of an AI and cloud based data science platform
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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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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by ParallelM
| 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 - ParallelM
| 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 |
Parallelm Comparisons
Competitors of ParallelM
ParallelM 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 ClusterOne, Elastic M2M, Dataspine, Chengdy Ruiyan Technology and RiseML, 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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Provides a workbench for integrating third-party AI tools and distributed computing.
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| domain | founded_year | HQ Location |
IoT platform is provided for connected device development and analytics.
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| domain | founded_year | HQ Location |
Provides a platform for developing machine learning models at scale.
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| domain | founded_year | HQ Location |
Provider of a workbench for developing AI projects
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| domain | founded_year | HQ Location |
Develops AI framework integration solutions for various applications.
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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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| domain | founded_year | HQ Location |
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 Parallelm
Frequently Asked Questions about ParallelM
When was ParallelM founded?
ParallelM was founded in 2014.
Where is ParallelM located?
ParallelM is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of ParallelM?
Sivan Metzger is the current CEO of ParallelM. They have also founded this company.
What does ParallelM do?
ParallelM offers a software platform for automating, scaling and optimizing ML operations. Its machine learning operationalization (MLOps) software is used for operationalizing machine learning and data science operations. The platform allows users to run multiple pipelines along with identifying inaccurate predictions using ML Health indicators and resolving the issues. MCenter allows the collaboration of data scientists, IT operations, and business analysts to work on operations workflows. The patent-pending software technology can be integrated with an existing AI infrastructure. Additionally, the company provides machine learning operationalization services to multiple industries including finance, technology, manufacturing, telecom, networking, energy, healthcare, government, etc. The company has also been invested in by Viola, Intel, Pitango, and 83North.
Who are the top competitors of ParallelM?
ParallelM's top competitors include Elastic M2M, Chengdy Ruiyan Technology and RoboLab.
Who are ParallelM's investors?
ParallelM has 1 investor. Key investors include DataRobot.
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