Parallel develops AI agents that operate on top of existing hospital software to automate administrative tasks, learning to use systems similarly to a human and enabling deployment in weeks. The company’s initial focus is medical coding to improve accuracy and revenue capture, with plans to expand into billing and admissions. Parallel’s platform avoids deep integrations by functioning as an AI layer over legacy systems. Its technology is already deployed across multiple public and private hospitals. Parallel is Paris-based and has raised a $3.5 million seed round followed by a $20 million Series A. The company plans to use the new funding to expand its coding solutions, grow internationally, develop additional agents, and hire more staff.

Total raised

$24M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2026