Parasail operates a cloud service optimized for AI model inference, orchestrating capacity rented from 40 data centers across 15 countries and additional supply from liquidity markets. The company, led by CEO Mike Henry (formerly an executive at Groq), focuses exclusively on inference and does not offer training services. Parasail reports generating approximately 500 billion tokens per day and pitches cost savings by allocating workloads to avoid demand peaks and lower per-request expense. It came out of stealth a year prior to the Series A and targets startup customers without requiring long-term commitments. Parasail competes with firms that own silicon and other inference-focused vendors by emphasizing flexible brokerage of compute and lower friction for high-volume API workloads.

Total raised

$42M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2026