Seed · Enterprise software
Parallel Loop launches with $6.6m seed funding
The enterprise AI company enters the market with customers across India and Southeast Asia.
Parallel Loop’s launch follows four months of work by founders Prateek Jogani and Yujun Chean, who previously built Thai insurance startup FairDee and held leadership roles at its acquirer, Qoala. The company says its 30-person team already serves more than ten customers.
At Havells, hundreds of employees use the platform for workflows and dashboards, according to the manufacturer’s chief information officer. That deployment illustrates Parallel Loop’s focus on connecting AI to operating systems already used across a business, with engineers working alongside the client’s team.
Use of funds
Expand enterprise AI deployments across Asia, Europe and the Middle East.
Funding history
Seed · This round$6.6M