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About Parallels
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$12.4M
Headquarters
Renton, Washington
Founded
2006
Overview
Parallels 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 that help businesses manage their IT needs more efficiently. What sets Parallels apart from its competitors is its focus on seamless cross-platform functionality, making it easier for users to work across various environments. The company's goal is to enhance productivity and streamline IT management for both individual users and enterprises.
Simplify's Take
What believers are saying
- Parallels is recognized as a Visionary in the 2024 Gartner Magic Quadrant for DaaS.
- The collaboration with IGEL expands Parallels RAS distribution and accessibility.
- Parallels' transition to subscription models aligns with industry trends, boosting revenue potential.
What critics are saying
- Emerging competitors offer similar virtualization solutions at lower costs, threatening market share.
- Rapid Apple silicon advancements may challenge Parallels' software optimization efforts.
- Security vulnerabilities in third-party components could expose users to cyber threats.
What makes Parallels unique
- Parallels offers seamless cross-platform virtualization for Mac, Windows, iOS, and Android.
- Their products enable remote access to PCs and Macs, enhancing user flexibility.
- Parallels' integration with cloud platforms supports hybrid environments for businesses.
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Funding
Total Funding
$12.4M
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.
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About Parallels
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$12.4M
Headquarters
Renton, Washington
Founded
2006
There are no jobs for Parallels right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Parallels