The round follows a 3.5 million USD funding round less than a year earlier. The company’s technology is already deployed across multiple public and private hospitals.
About Parallel
French HealthTech startup that builds AI agents for hospitals to automate administrative processes such as medical coding, billing, admission workflows, and documentation by operating directly within existing hospital software.
Paris, France
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Source: https://www.beparallel.com/news/parallel-raises-20m-to-accelerate-ai-agent-deployment-in-hospitals
Frequently Asked Questions
What type of funding round did Parallel raise?
Parallel raised a series-a round.
How much did Parallel raise in its series-a?
Parallel raised $20,000,000 USD in its series-a.
Who invested in Parallel's series-a?
The investors in Parallel's series-a are: Frst, Y Combinator, Hexa, Several Angel Investors.
How will Parallel use the funds from its series-a?
Parallel plans to use the funds for: expand coding solutions, international growth, develop additional AI agents to automate hospital workflows, team expansion.