Startup · United States
Parallel Works
HQ Chicago, IllinoisFounded 201511-50 employeesUpdated
The fabric that connects your clusters, your clouds, and your GPU contracts — hosting the applications and enforcing the policy, in every environment you operate.
Federal Obligations by Year (All USAspending, as Reported at the Time)
| Fiscal year | Direct: assistance |
|---|---|
| FY2025 | $0 |
| FY2023 | $0 |
| FY2022 | $0 |
| FY2021 | $1.6M |
| FY2020 | $1.7M |
| FY2019 | $224K |
| FY2017 | −$3K |
| FY2016 | $150K |
Direct is the company's own reviewed UEIs. Reported by USAspending is subsidiaries as reported by USAspending: recipients that name this company as their parent, not yet reviewed ownership.
Directly matched recipients (up to 12)
UEIs matched to this organization, largest obligations first. Subsidiary recipients are not included in this list; their attributed obligations can appear in the company totals above.
- PARALLEL WORKS INC · G734PGDYFZY3 · $3.8M
Each action is credited by the ownership basis shown in its column. Reported-parent rows count for Parallel Works only for the period a subsidiary reported Parallel Works as its parent; reviewed links follow their reviewed dates. Net of de-obligations; these are obligations, not ceilings. They come from the whole USAspending baseline (every recipient size, contracts and assistance) and are a separate view from the curated contract totals on this page. FY2026 and later are partial, as on Markets.
Funding2 rounds · $870K
- Equity raised
- $870K
- Latest
- $500KSeed · Jan 30, 2017
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Jan 30, 2017 | Seed | $500K | — | — | — | Reported |
| Feb 24, 2016 | Convertible | $370K | — | — | — | Reported |
- Seed$500KJan 30, 2017
- Convertible$370KFeb 24, 2016
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems2
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
People2
| Person | Role |
|---|---|
| Michael Wilde | Founder & Chairman |
| Matthew Shaxted | CEO |
Sources5
Profile2
- 1
Parallel Works · Supports Organization · description, Organization · name, Organization · website
“The fabric that connects your clusters, your clouds, and your GPU contracts — hosting the applications and enforcing the policy, in every environment you operate.”
- 2
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "USA", "hq_iso2": "US", "id": "38574593-bfad-4694-a410-e98f490ec40d"}”
Systems1
- 3
Parallel Works · Supports System
“Parallel Works Launches ACTIVATE: Seamlessly Configure, Access and Manage High Performance Resources for AI Model Training, Complex Simulation and Research”
Funding1
- 4CompanyParallel Works | LinkedIn
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · ownership, Role
“funding round: Convertible Note, 2016-02-24, USD 370,000”
People1
- 5
prweb.com · Supports Role
“"We're honored to receive this recognition from the TechForward Awards," said Matthew Shaxted, CEO of Parallel Works.”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.