Parallel
Fraud Detection · Financial Services
$100Mlatest round · Series B · Apr 2026 · 6 mo ago
1backers · Target Global
50+team · employees, estimated range
24stories in the press
Overview
Centralize KYC, screening, risk scoring, and renewals into one automated workflow. Achieve faster onboardings, cleaner data, and audit-ready AML compliance.
Key facts
These are the key facts about Parallel on Alion as of Nov 13, 2026. The latest round is Series B of $100M, announced in 2026.
- Employees
- 50+Alion company profile, an estimated range
- Total raised
- $100MSum of 1 equity round Alion knows
- Latest round
- Series B · $100M · Apr 29, 2026Press report · finance.yahoo.com
Funding and backers
Total raised
$100M
1 round on record
Latest round
$100M
Series B · Apr 2026 · 6 mo ago
Team
51-200
employees, estimated range
Backers
1
Target Global
The money's age
Fresh money
6 months since the last round · not hiring
Momentum
35/100
in the news, fresh money
Last sign of life
1 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Apr 29
Raised a round Series B $100M · led by Sequoia Capital · YahooFinance
Mar 2021
Website went live first capture in the Wayback Machine
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Series B | Apr 2026 | $100M | Sequoia Capital lead | YahooFinance |
Registers and programsofficial lists and records that name the company
| Legal entity | PARALLEL SOLUTIONS S.L. | its site |
Backed byfrom the funds' portfolios and accelerator catalogs
Investors in similar startupsfunds that back the companies most like this one
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Financials
Total raised
$100M
Latest round
Series B
Funding rounds
1
Funding rounds
| Round | Announced | Amount | Valuation | |
|---|---|---|---|---|
| Series B | 2026 | $100M | $2B | Details |
Connections
List
Graph
Found in company registers, site code, DNS and hiring. Each connection shows how sure we are and the evidence, with its source and date.
Shared investors
Target GlobalVia a fund
Click a company to open it. Dashed lines are likely connections. The second step of the network is part of the Pro plan.
Owner
Same company
Same group
Likely
Shared investors
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How to cite this page
Alion, "Parallel: key facts", as of Nov 13, 2026. https://alion.io/company/onparallel
These figures are published under a free licence. You may reuse them, including commercially, as long as you credit Alion and link back to this page. CC BY-SA 4.0