Page 3 - Parallel Systems News Today

Investors have poured money into startups the past few years. Now, founders worry about a changing market and the rising cost of retaining employees.

It dished out $175 million to early stage clean energy projects, from energy storage to nuclear recycling.

As I’m busy writing Business Record stories at the Depot at Fourth in downtown Des Moines, my workday is occasionally punctuated by the sound and the fury

Parallel Systems, the startup creating autonomous, electric freight trains, will soon be testing its technology thanks to a Department of Energy grant.

It’s a tough time to be a trucker. If you aren’t caught for days alone on the road, then you’re left with few benefits and low wages. It’s no

Electric locomotives could cut emissions of greenhouse gases and toxic pollutants that harm people living near rail yards.

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/4/2022 featuring funding details for Parallel Systems, Cortex Fusion Systems, and much more.

A startup intends to streamline and decarbonize land cargo transport. Here's hoping they succeed.

Parallel Systems, a company founded by former SpaceX engineers to reimagine the railroad system, has raised $49.55 million in Series A funds to build autonomous battery-electric rail vehicles that move freight. The round is led by Anthos Capital, and includes investments from Congruent Ventures, Riot Ventures, Embark Ventures, and others....

Freight train hauls shipping containers. jopstock/Getty Former SpaceX engineers are building self-driving, electric freight train cars, CNBC reported.