highperformr logo

Parallel Systems's Overview

Total employees160
HeadquartersCulver City
Founded2020

Parallel Systems is a technology company dedicated to revolutionizing the freight transportation industry through the development of autonomous, battery-electric rail vehicles. Their innovative approach aims to make rail transport more flexible, efficient, and environmentally sustainable by allowing individual or small platoons of railcars to operate independently, bypassing the need for large, traditional trains. This technology is designed to reduce carbon emissions, alleviate supply chain congestion, and make rail freight competitive for a wider range of distances and cargo types.

Where is Parallel Systems's Headquarters?

HQ Function

Serves as the central hub for research and development, engineering, software development, corporate strategy, and administrative operations.

Notable Features:

Likely features modern office spaces, advanced R&D labs, and potentially indoor areas for vehicle prototype assembly and testing, given their focus on sophisticated hardware and software integration.

Work Culture:

Characterized by a fast-paced, innovative, and mission-driven environment. Employees are likely passionate about sustainable technology and solving complex engineering challenges. Collaboration between hardware, software, and operations teams is crucial.

HQ Significance:

The headquarters is pivotal for pioneering their autonomous rail technology, acting as the command center for innovation, product development, and strategic growth in the competitive freight and logistics sector.

Values Reflected in HQ: The choice of a tech-forward location like Culver City reflects values of innovation, technological advancement, and attracting top engineering talent. The focus on R&D within the HQ underscores a commitment to cutting-edge solutions.

Location:

Parallel Systems is currently focused primarily on the North American market, particularly the United States, for the development, testing, and initial deployment of its autonomous rail technology. Their efforts support functions like advanced R&D, system integration, pilot programs with local partners, and engaging with U.S. regulatory bodies. While their technology has global potential, current public information indicates a strong North American operational emphasis.

Street Address:

10000 W Washington Blvd

City:

Culver City

State/Province:

CA

Country:

USA

Parallel Systems's Global Presence

Undisclosed Test Facility, USA

Address: Specific location not publicly disclosed for proprietary and safety reasons.

Chosen for its access to suitable rail infrastructure, a supportive regulatory environment for testing autonomous systems, and potentially space for larger-scale operational simulations.

Buying Intent Signals for Parallel Systems

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Parallel Systems

As of April 2025, Parallel Systems' leadership includes:

Matt Soule - Co-founder & CEO
John Howard - Co-founder & VP Hardware
Ben Stabler - Co-founder & VP Software
Krish Kheterpal - Chief Financial Officer
Kevin D. Smith - Chief Operating Officer

Investors of Parallel Systems

Parallel Systems has been backed by several prominent investors over the years, including:

Anthos Capital
Congruent Ventures
Riot Ventures
Embark Ventures
Quiet Capital
Giant Ventures (GVB)

Executive New Hires/Exits in the Last 12 Months

Hire2
Exits0

In the past year, Parallel Systems has strategically expanded its leadership team, particularly with key hires in operations and finance, reflecting its growth phase and focus on scaling. No major executive departures have been publicly announced.

New Appointments:

Kevin D. Smith, Kevin D. Smith appointed as new COO, bringing extensive experience in scaling operations for technology companies.
Krish Kheterpal, Krish Kheterpal joined as CFO to strengthen financial leadership and support strategic fundraising and growth initiatives.

Technology (Tech Stack) used by Parallel Systems

Discover the tools Parallel Systems uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Parallel Systems Email Formats and Examples

While Parallel Systems' exact email format isn't publicly confirmed, companies of its size and nature commonly use formats like [first_initial][last]@[companydomain.com] or [first].[last]@[companydomain.com]. These are standard conventions in the tech industry.

[first_initial][last]@parallelsystems.com (e.g., jdoe@parallelsystems.com) or [first].[last]@parallelsystems.com (e.g., jane.doe@parallelsystems.com)

Format

msoule@parallelsystems.com

Example

80%

Success rate

News and media

TechCrunchFebruary 16, 2023

Parallel Systems raises $49.55M Series A to build autonomous, battery-electric freight rail vehicles

Parallel Systems announced a $49.55 million Series A funding round led by Anthos Capital. The funding will be used to build its fleet of autonomous battery-electric rail vehicles, expand its team, and launch advanced testing programs....more

Railway AgeJanuary 24, 2023

Parallel Systems, Cyngn Partner on Autonomous Tech Development

Parallel Systems is teaming with autonomous vehicle (AV) solutions provider Cyngn to help accelerate the development of its self-driving freight train technology. Cyngn will integrate its DriveMod autonomy products into Parallel’s AVs....more

Parallel Systems BlogMay 2, 2023

Parallel Systems Welcomes Kevin D. Smith as Chief Operating Officer

Parallel Systems announced that Kevin D. Smith has joined the company as Chief Operating Officer. He will lead the company’s operations strategy and execution, scaling Parallel’s ability to deliver its innovative autonomous rail vehicles....more

Highperformr’s free tools for company research

Explore Employees by Region or Country

See where a company’s workforce is located, by country or region.

View Funding Details

View past and recent funding rounds with amounts and investors.

Understand Revenue Insights

Understand company revenue estimates and financial scale.

Track Active Job Openings

Track active roles and hiring trends to spot growth signals.

Review Product and Offerings

Discover what a company offers—products, platforms, and solutions.

Get SIC or NAICS Codes

Get the company’s official SIC and NAICS classifications.

Analyze Website Traffic Trends

Analyze visitor volume, engagement, and top traffic sources.

Discover Social Profiles and Engagement

Explore LinkedIn, Twitter, and other active social profiles.

Identify Top Competitors

Identify top competitors based on similar business traits.

Research and Discover Companies with Highperformr — Smarter, Faster

Explore companies in depth — from the tech they use to recent funding, hiring trends, and buyer signals — all in one powerful view.

Highperformr AI helps you surface the right accounts and enrich your CRM with verified company and contact insights, so your teams can prioritize and engage faster.

  • Track intent signals to find buyers who are actively in-market
  • Enrich contacts and companies instantly, no need to switch tools
  • Automate workflows to stay ahead of every change
  • Connect your CRM & tools for seamless data sync and activation

Thousands of companies, including Parallel Systems, are just a search away.