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About Parallax
Industries
Data & Analytics
Consulting
Enterprise Software
Company Size
11-50
Company Stage
Series B
Total Funding
$19M
Headquarters
Minneapolis, Minnesota
Founded
2019
Overview
Parallax provides a strategic operations platform for digital service organizations to plan resources and forecast capacity. It aggregates data on past, present, and projected workloads to surface insights on utilization, revenue, and project risk, and integrates with existing tools without a full overhaul. Unlike legacy PSA tools with long implementations, Parallax emphasizes quick deployment and seamless integration, focusing on forward-looking capacity and utilization to guide decisions. Its goal is to help digital service organizations increase billable hours, revenue per billable employee, and profit margins through better resource planning and forecasting.
Simplify's Take
What believers are saying
- Parallax raised $12M Series B from Baird Capital in 2024 for expansion.
- New CEO appointed in December 2024 drives growth and innovation phase.
- AI-driven tools capture share from slow legacy PSA in consolidating market.
What critics are saying
- Kantata erodes growth with superior forecasting, capturing 50-70% agencies in 12-24 months.
- Salesforce PSA enhancements obsolete integrations, causing 70% client loss in 18-36 months.
- Upland PSA undercuts pricing, stalling subscriptions from price-sensitive firms in 6-12 months.
What makes Parallax unique
- Parallax integrates seamlessly with existing CRM and time-tracking tools, avoiding system overhauls.
- Parallax deploys fully within 90 days, unlike legacy PSA tools requiring 12-18 months.
- Parallax focuses on digital agencies' utilization, margins, and predictive forecasting metrics.
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Funding
Total Funding
$19M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
401(k) Retirement Plan
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -7%2 year growth
↓ -5%Parallax recently secured a rare $4.5-million funding from key investors like Dragonfly Capital, Circle Ventures, General Catalyst, Balaji and other founders and operators at various fintech companies.
The company's platform is designed to help companies better forecast growth and manage their resources accordingly.
Parallax secures $12M in Series B funding led by Baird Capital.
The Edina-based company offers businesses a professional-services automation platform to optimize revenue and growth through data forecasting.
Funding – PSA Software: Parallax, a developer of professional services automation (PSA) software, has raised $7 million in Series A funding led by Grotech Ventures with participation from Matchstick Ventures and Rally Ventures.
Parallax is Hiring for 1 Jobs on Simplify!
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About Parallax
Industries
Data & Analytics
Consulting
Enterprise Software
Company Size
11-50
Company Stage
Series B
Total Funding
$19M
Headquarters
Minneapolis, Minnesota
Founded
2019
Parallax is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today