About Parallels
Parallels is a company based in Seattle (United States) founded in 1999 was acquired by Corel in November 2018.. Parallels has completed 1 acquisition, including 2X. Parallels operates in a competitive market with competitors including Teradici, Workspot, CloudShare, Systancia and Dizzion, among others.
- Headquarter Seattle, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Bessemer Venture Partners
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Corel
(Nov 27, 2018)
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Funding Insights of Parallels
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series B - Parallels | Valuation | Russia Partners | |
| Jan, 2013 | Amount | Series A - Parallels | Valuation |
investors |
| 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 Parallels
Parallels has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Corel and Cisco Investments. 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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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Technology investments and expertise in networking, cloud, and security services.
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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 Parallels
Parallels has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 2X. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Virtual desktop delivery and MDM
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Parallels
| 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 |
Parallels Comparisons
Competitors of Parallels
Parallels 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 Teradici, Workspot, CloudShare, Systancia and Dizzion, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers PCoIP and remote desktop solutions
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| domain | founded_year | HQ Location |
Cloud-based desktop virtualization platform
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| domain | founded_year | HQ Location |
IT company developing virtual training sand proof of concepts software for companies
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| domain | founded_year | HQ Location |
Desktop virtualization and healthcare solutions are provided by Systancia.
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| domain | founded_year | HQ Location |
Cloud-based desktop virtualization solutions are managed for secure access.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Parallels
Frequently Asked Questions about Parallels
When was Parallels founded?
Parallels was founded in 1999 and raised its 1st funding round 14 years after it was founded.
Where is Parallels located?
Parallels is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
What does Parallels do?
Cloud based Daas platform. It provides virtualization and automation software that optimizes computing for consumers, businesses, and service providers across hardware, operating system, and virtualization platforms. It provides access software enabling remote access to computers. It includes a dashboard that provides visibility into published resources, registered users, active user sessions, and more.
Who are the top competitors of Parallels?
How many acquisitions has Parallels made?
Parallels has made 1 acquisition, including 2X.
Who are Parallels's investors?
Parallels has 4 investors. Key investors include Bessemer Venture Partners, Corel, Cisco Investments, and Russia Partners.
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