Parallel
Automates hospital medical coding with AI
Account Manager
About the job
- Ability to engage with clients at all levels, including technical teams and C-suite stakeholders.
- Ability to work with data for reporting and key performance indicator tracking.
- Ability to take ownership of customer relationships and outcomes.
- Strong communication skills.
- Organizational rigor and autonomy in managing workload.
- Autonomously manage an existing portfolio of client accounts.
- Ensure clear product adoption.
- Respond to customer questions and resolve straightforward support issues.
- Maintain strong relationships with technical and business stakeholders, including IT teams and executives.
- Track and report key metrics and client satisfaction to leadership.
- Identify, detect, and escalate cross-sell and up-sell opportunities.
- Prevent churn attributable to relationship or customer-success issues.
About the company
Parallel builds AI agents to optimize healthcare administrative workflows, focusing on medical coding. It integrates with hospital IT systems and uses Generative AI to turn unstructured data into automated codes for straightforward cases and suggested codes for complex ones. Deployment uses secure VPN and Robotic Process Automation to mimic human interactions with hospital software, ensuring compliance with RGPD, HDS, ISO 27001. Its goal is to save time, reduce coding errors, and increase hospital revenue while protecting data.
Company Size
11-50
Company Stage
Series A
Total Funding
$23.6M
Headquarters
Paris, France
Founded
2024
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Simplify's Take
What believers are saying
- Parallel raised $20M Series A in March 2026 from Index Ventures and YC.
- GH Diaconesses Croix Saint-Simon partnered with Parallel in June 2026 for PMSI optimization.
- France's 2025-2028 AI health strategy favors operational AI adoption in hospitals.
What critics are saying
- Sclépios IA, Sancare, Ospi, and Kaduceo crowd French medical-coding budgets in 2026.
- Europe's new health-data rules will slow deployments, audits, and model retraining through 2028.
- If coding accuracy disappoints, hospital revenue leakage and clinician trust collapse quickly.
What makes Parallel unique
- Parallel sells hospital-native agents that work without deep integrations, speeding deployment.
- Its medical coding wedge targets PMSI reimbursement, where coding directly drives hospital revenue.
- It already claims deployment across several dozen French hospitals and one named hospital group.
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Benefits
Remote Work Options
Company Social Events
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 10%2 year growth
↑ 10%Parallel has raised $100 million in a Series B round led by Sequoia Capital, doubling its valuation to $2 billion in five months. Kleiner Perkins, Index Ventures and Khosla Ventures participated, bringing total funding to $230 million. The company provides web search and research APIs designed for AI agents, supporting over 100,000 developers. Its infrastructure powers Harvey's legal reasoning across 60 jurisdictions and has helped major US insurers halve claims processing times. Clients including Opendoor and Notion use the platform to automate research and knowledge work. The funding will accelerate index growth and expand enterprise infrastructure as autonomous systems increasingly drive online traffic. Parallel is positioning itself as a mediator between AI systems and content creators, focusing on data ownership as agents become the web's primary users.
Parallel, a Paris-based startup developing AI agents for hospital administration, has raised $20 million in a Series A round led by Index Ventures. Frst, Y Combinator, Hexa and several angel investors also participated. The funding follows a $3.5 million seed round raised less than a year ago. The company's AI agents operate directly within existing hospital software, functioning as a layer that learns to use systems similarly to humans without requiring deep integrations. This enables deployment within weeks rather than months. Parallel initially focuses on medical coding, which translates clinical data into standardised codes for reimbursement. The company plans to expand into additional administrative functions including billing and admissions. The funding will support international expansion, product development and team growth.
Parallel adds a British VC to its side. TECH | Parallel adds a British VC to its side. Published on March 19, 2026 at 06:00, updated on March 19, 2026 at 10:01 | 425 words Expansion abroad is now part of the goals of the creator of AI agents automating the administrative tasks of hospitals through a round of... Multi-million euro revenue startup less than a year after launching its AI agent facilitating the administrative tasks of hospitals, Parallel closes a Series A of about 17.3 (...) To access this article, the entire site as well as our databases, discover our subscription plans. BioTech, FinTech, MedTech... Follow all deals and movements in TECH on social networks. INDEX V... FRST CA... Y COMBI... Every Monday and Wednesday
Parallel is designing agents that can work within real-world hospital environments by adapting to fragmented software stacks and scaling across departments.