Companies · Computers

Parallel Works Inc.

CHICAGO · Computers

Diligence memoA one-page analyst read on Parallel Works Inc. — recommendation, valuation, rhythm, risks.
$870K
Total raised · real
2
Rounds
1.4×
Latest step-up
Top 67%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Dec 19 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Parallel Works Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the software/compute sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.43× the median modeled value of Pre-Seed Computers companies in 2016–2018 (89 peers) — value vs value, same stage and era.
  • Within the normal band (143% of peer median) for its niche.
Dormant
  • Last raise 9.5 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Computers

Parallel Works Inc. is one of 1370 Computers companies tracked from CHICAGO. By capital raised it ranks in the long tail (ahead of 34% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2015
Year incorporated
2016-12-19
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MPre-Seed · 2015-05-14 Raised $370K (real) Modeled valuation $19M (est)$370K$19MPre-Seed2015Pre-Seed · 2016-12-19 Raised $500K (real) Modeled valuation $25M (est)$500K$25MPre-Seed2016+$500KCumulative $870K

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$370K · 2015
Pre-Seed extension$500K · 2016

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$25.4M
Base estimate est.
$333K
Conservative case
$287.6M
Upside case
$2.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $18.8M · 2015-05-142015Pre-Seed · modeled $25.4M · 2016-12-192016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.77×/yr
Annual markup
2.39×/yr upside case
6.0 yr
Elapsed time used
9.5 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$543K/yr
Capital velocity
11.1 yr
On record since
2015
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.5× of median
This company$870K
Sector median$1.9M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.5× above median
This company$500K
Sector median$325K
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$25.4M
Sector median$33.0M

Raised more than 34% of sector peers (real $). Modeled value above 45% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #34 of 89.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)RedTape X, Inc. · Pre-Seed Raised $1.0M · modeled $50.7M (est)Streamr Network Ltd · Pre-Seed Raised $1.0M · modeled $50.7M (est)Sce Group Inc · Pre-Seed Raised $1.0M · modeled $50.7M (est)Axalume, Inc. · Pre-Seed Raised $1.0M · modeled $50.7M (est)Ommo Technologies, Inc. · Pre-Seed Raised $1.0M · modeled $50.7M (est)Citizens Camera, LLC · Pre-Seed Raised $1.0M · modeled $50.7M (est)Ugru, Llc · Pre-Seed Raised $1.0M · modeled $50.7M (est)DIVA Corp of America · Pre-Seed Raised $1.0M · modeled $50.7M (est)JMM Software Labs, Inc. · Pre-Seed Raised $1.2M · modeled $49.0M (est)concept VIZ Apps LLC · Pre-Seed Raised $888K · modeled $45.0M (est)Two Mites, LLC · Pre-Seed Raised $850K · modeled $43.1M (est)CropZilla Software, Inc. · Pre-Seed Raised $1.4M · modeled $40.6M (est)Parallel Works Inc. (this company) Raised $870K · modeled $25.4M (est)Parallel Works Inc.
CompanyStageRaised · realValue · estvs peer med.
RedTape X, Inc.Pre-Seed$1.0M$50.7M2.86×
Streamr Network LtdPre-Seed$1.0M$50.7M2.86×
Sce Group IncPre-Seed$1.0M$50.7M2.86×
Axalume, Inc.Pre-Seed$1.0M$50.7M2.86×
Ommo Technologies, Inc.Pre-Seed$1.0M$50.7M2.86×
Citizens Camera, LLCPre-Seed$1.0M$50.7M2.86×
Ugru, LlcPre-Seed$1.0M$50.7M2.86×
DIVA Corp of AmericaPre-Seed$1.0M$50.7M2.86×
JMM Software Labs, Inc.Pre-Seed$1.2M$49.0M2.76×
concept VIZ Apps LLCPre-Seed$888K$45.0M2.54×
Two Mites, LLCPre-Seed$850K$43.1M2.43×
CropZilla Software, Inc.Pre-Seed$1.4M$40.6M2.29×
Parallel Works Inc. this companyPre-Seed$870K$25.4M1.43×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$370K2015-05-14$2.1M$18.8M85%
Pre-Seed$500K2016-12-19$2.8M$25.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$370K2015-05-14
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$500K2016-12-19
    • Raised again after 19 mo — slower than the ~12 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~19mo cadence
$676K
Modeled next size est.range $500K$1.1M
1.4×
Last step-up
$543K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Matthew Shaxted2015-05
Michael Wilde2015-05
Michela Wilde2015-05
Registry & provenance

Parallel Works Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1667945
SEC CIK
2015
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Hcv 002 LlcComputersPre-Seed$870K$22.4Msame sector · same stage
RedMorph Inc.ComputersPre-Seed$860K$20.3Msame sector · same stage
CollegeFrog, Inc.ComputersPre-Seed$881K$18.5Msame sector · same stage
Site 9 IncComputersPre-Seed$881K$12.7Msame sector · same stage
Business Texter Inc.ComputersPre-Seed$859K$30.6Msame sector · same stage
CollegeMapper, Inc.ComputersPre-Seed$890K$11.7Msame sector · same stage
Optulink, Inc.ComputersPre-Seed$850K$12.7Msame sector · same stage
SemiCab IncComputersPre-Seed$850K$32.7Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Parallel Systems, Inc.Software / TechSeed$129.5M88%
ParallelDots, Inc.Other TechnologySeed$48.7M85%
Parallel Domain Inc.Other TechnologySeed$78.1M85%
Parallel Carbon Inc.Other TechnologySeed$24.2M82%
Parallel Fluidics Inc.Other TechnologySeed$40.7M82%
Fusion Data Centers Inc.ComputersPre-Seed$930K82%
Lacework, Inc.ComputersGrowth/Late$33.6B82%
SumX, IncComputersSeed$3.6M81%
Frequently asked
How much funding has Parallel Works Inc. raised?
Parallel Works Inc. has raised approximately $870K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Parallel Works Inc.'s estimated valuation?
Provath's modeled valuation for Parallel Works Inc. is approximately $25.4M (modeled range $333K–$287.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Parallel Works Inc. at?
Parallel Works Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Dec 19.
What does Parallel Works Inc. do and where is it based?
Parallel Works Inc. operates in the Computers sector, based in CHICAGO.
Explore related

See where Parallel Works Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Parallel Works Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.