Page 4 - Parallel Systems News Today

A team of former SpaceX engineers want to revolutionize the U.S. railroad system with their fully autonomous, battery-electric rail vehicles

Matt Soule, a former long-time SpaceX engineer, partnered with his former colleagues at SpaceX on a new startup named, Parallel Systems.

Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The company, which has raised $53.15 million to date, including a $3.6 million seed round, is working to create a more efficient, decarbonized freight network […]

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

As capital pours in to climate investments, Congruent Ventures closes on $175 million for early-stage bets Congruent Ventures, the early-stage investment firm focused on technologies and services designed to avert the current climate emergency, has raised $175 million in financing for its latest fund. The firm, which now has $300 million in assets under management, is focused on investing in pre-seed, seed and Series A rounds and was founded by Abe Yokell and Joshua Posamentier, two longtime in...