Parallel is a Paris-based HealthTech company that builds AI agents to automate hospital administrative workflows, starting with medical coding. The AI agents read unstructured clinical data and patient context to auto-code straightforward cases and suggest codes for complex ones, then connect with hospital systems through secure remote access and RPA-style interactions. The product is deployed across dozens of European hospitals under GDPR, HDS, and ISO 27001 controls. Unlike broader healthcare software vendors, Parallel focuses on reducing coding backlog and improving revenue capture within hospital administration, with plans to extend into billing and admissions. The company raised a 20 million euro Series A in March 2026 led by Index Ventures, to accelerate European deployments and international expansion.
Company Size
11-50
Company Stage
Series A
Total Funding
$23.6M
Headquarters
Paris, France
Founded
2024
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