Parallel
Uses AI to automate and streamline hospital administrative workflows, aiming to reduce administrative burden by around 30%.
Overview
Parallel is a Paris-based healthcare AI company that builds software to automate and streamline hospital administrative workflows, aiming to cut administrative burden by roughly 30%. Its products target hospitals and health systems seeking operational efficiency and reduced clerical workload for clinical staff. The company positions itself on AI-driven automation for clinical operations and back-office tasks as its differentiator. On 2026-03-20 Parallel raised $20M in an undisclosed round led by Index Ventures; total disclosed funding to date is $20M.
Funding History
Paris-based Parallel raises $20M from Index Ventures to cut hospital admin by 30% with AI
Frequently Asked Questions
- How much has Parallel raised in total?
- Parallel has raised a total of $20M across 1 funding round.
- Who are Parallel's investors?
- Parallel's investors include Undisclosed.
- What does Parallel do?
- Parallel is a Paris-based healthcare AI company that builds software to automate and streamline hospital administrative workflows, aiming to cut administrative burden by roughly 30%. Its products target hospitals and health systems seeking operational efficiency and reduced clerical workload for clinical staff. The company positions itself on AI-driven automation for clinical operations and back-office tasks as its differentiator. On 2026-03-20 Parallel raised $20M in an undisclosed round led by Index Ventures; total disclosed funding to date is $20M.
- Where is Parallel headquartered?
- Parallel is headquartered in Paris, France.
Investors
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