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About Parallel
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$12.1M
Headquarters
Renton, Washington
Founded
2006
Overview
Parallels Inc. provides software solutions that enable users to access and use applications and files across different devices and operating systems. Their main products include Parallels Desktop for Mac, which allows users to run Windows applications on Mac computers, and Parallels Remote Application Server, which offers remote access to both PCs and Macs. Additionally, they provide virtual desktops and applications, making it easier for businesses and individuals to manage their IT needs. What sets Parallels apart from competitors is their focus on seamless cross-platform functionality, allowing users to work flexibly and securely across various environments. The company's goal is to enhance productivity and streamline IT management for both enterprises and individual users.
Simplify's Take
What believers are saying
- Increased demand for remote work solutions boosts Parallels' DaaS market potential.
- Parallels' shift to subscription models increases recurring revenue streams.
- Growing emphasis on cybersecurity presents opportunities for enhanced security features.
What critics are saying
- Emerging virtualization solutions increase competition, potentially eroding market share.
- Shift to subscription models may alienate customers used to perpetual licenses.
- Security vulnerabilities in third-party components could lead to data breaches.
What makes Parallel unique
- Parallels offers cross-platform solutions for seamless access across devices and operating systems.
- Parallels Desktop for Mac supports Windows on Apple Silicon, enhancing virtualization capabilities.
- Parallels RAS integrates with IGEL's App Portal, expanding reach in the thin client market.
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Funding
Total Funding
$12.1M
Above
Industry Average
Funded Over
1 Rounds
Bessemer Venture Partners
Insight PartnersBenefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Paid Parental Leave
Flexible Work Hours
Tuition Reimbursement
Pet Insurance
Employee Discount
Company News
After being listed as an honorable mention in the 2023 report, this marks the first time Parallels has been included as a positioned vendor within the Magic Quadrant.
IGEL and Parallels announce availability of Parallels RAS on the IGEL App Portal.
When Parallels first introduced support for Windows to the M1 series, Mac testers found the implementation to be one of the "fastest versions of Windows" they had used.
Parallels RAS 19.3 will introduce new enhancements in areas of administration, security, and user experience, offering further benefits in management and security when deploying and managing at scale.
Parallels Desktop 19 rolled out with macOS Sonoma integration.
Parallel is Hiring for 12 Jobs on Simplify!
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About Parallel
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$12.1M
Headquarters
Renton, Washington
Founded
2006
Parallel is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today