Diligence memo · auto-generated · as of July 2, 2026
Parallel Works Inc.
Parallel Works Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Parallel Works Inc. operates in Computers, based in CHICAGO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Parallel Works Inc. has raised $870K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $500K on 2016-12-19.
Most recent recorded round closed around 2016-12-19.
Valuation (modeled)modeled
Provath models Parallel Works Inc. at approximately $25M (range $333K–$288M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 19 months.
Last raise 9.5 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 34% of Computers peers (1371 compared).
Modeled value ranks above 45% of those peers.
Closest niche peers: Ommo Technologies, Inc., DIVA Corp of America, Citizens Camera, LLC, Streamr Network Ltd, Sce Group Inc.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.