What is Parallel Edge?
Parallel Edge specializes in providing outsourced IT support tailored for Architecture, Engineering, and Construction (AEC) firms and businesses within the built environment. Leveraging over two decades of experience, the company delivers customized technology solutions, enabling clients to concentrate on their core business objectives. Their comprehensive service portfolio includes round-the-clock technology management, robust data protection, and disaster recovery planning, catering to a wide array of sectors including design, architecture, and engineering.
How much funding has Parallel Edge raised?
Parallel Edge has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Parallel Edge
PPP
Public-Private Partnership
What's next for Parallel Edge?
The substantial late-stage investment positions Parallel Edge for significant growth and market consolidation. Future strategic initiatives are likely to focus on expanding service offerings, enhancing technological capabilities, and potentially broadening their geographic reach. This capital injection will empower the company to further innovate its IT support solutions for the AEC industry, reinforcing its competitive advantage and supporting its clients' digital transformation efforts.
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