2026-03-19
Parallel raises $20M Series A
Paris-based Parallel raised $20M in a Series A led by Index Ventures.
Round at a Glance
| Company | Parallel |
| HQ | Paris, France |
| Amount | $20M |
| Round | Series A |
| Date | 2026-03-19 |
| Valuation | Not disclosed |
| Total Disclosed Funding | $23.5M |
Company Snapshot
Parallel is a France-based healthcare AI company. According to the company's public materials, the product helps hospitals with automating medical coding, billing, and administrative workflows using AI agents that operate on top of existing legacy systems. The platform is already deployed across multiple public and private hospitals in France.
Investors in This Round
| Investor | Investor HQ Country | Notes |
|---|---|---|
| Index Ventures | Switzerland | Lead |
| Frst | France | Participating |
| Y Combinator | United States | Participating |
| Hexa | France | Participating |
Known Cap Table
| Investor | Round(s) | Investor HQ Country |
|---|---|---|
| Index Ventures | Series A | Switzerland |
| Frst | Series A | France |
| Y Combinator | Seed, Series A | United States |
| Hexa | Series A | France |
Total disclosed funding: $23.5M across 2 rounds.