Parallel Wireless Overview
- Year Founded
-
2012
- Status
-
Private
- Employees
-
672
- Latest Deal Type
-
Debt - PPP
- Latest Deal Amount
-
$3.12M
- Investors
-
11
Parallel Wireless General Information
Description
Provider of a cellular network designed to address the challenges presented by heterogeneous networks and the evolution to fifth-generation. The company's cellular network re-imagines the architecture of the cellular radio access network (ran), enabling wireless network businesses to coordinate and orchestrate in the ran.
Contact Information
Website
www.parallelwireless.comCorporate Office
- 300 Innovative Way
- Suite 2310
- Nashua, NH 03062
- United States
Corporate Office
- 300 Innovative Way
- Suite 2310
- Nashua, NH 03062
- United States
Parallel Wireless Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Debt - PPP | 14-Apr-2020 | $3.12M | Completed | Generating Revenue | ||
| 5. Later Stage VC (Series A) | 27-Feb-2020 | Completed | Generating Revenue | |||
| 4. Debt - General | 31-Dec-2019 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series A) | 01-Jan-2018 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 31-Dec-2013 | $8M | $17.7M | Completed | Generating Revenue | |
| 1. Seed Round | $9.7M | $9.7M | Completed | Startup |
Parallel Wireless Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | ||||||||
| Seed |
Parallel Wireless Comparisons
Industry
Financing
Details
Parallel Wireless Competitors (22)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ASOCS | Venture Capital-Backed | Rosh Haayin, Israel | ||||
| BATS Wireless | Venture Capital-Backed | Indianapolis, IN | ||||
| Casa Systems | Formerly VC-backed | Andover, MA | ||||
| Plivo | Formerly VC-backed | |||||
| Pluribus Networks | Formerly VC-backed | Santa Clara, CA |
Parallel Wireless Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Parallel Wireless Patents
Parallel Wireless Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20240236720-A1 | Seamless, lossless, and quality backhaul connectivity for mission critical networks | Pending | 06-Jan-2023 | ||
| US-20240204974-A1 | Near-rt ric initiated e2 reset | Pending | 16-Dec-2022 | ||
| US-20240223682-A1 | Stickiness removal for stateful application | Pending | 09-Dec-2022 | ||
| US-20240187025-A1 | Feedforward distortion cancellation apparatus and method | Pending | 02-Dec-2022 | ||
| US-20240214825-A1 | Pci allocation using dynamic region locking | Pending | 30-Nov-2022 | H04W16/18 |
Parallel Wireless Executive Team (14)
| Name | Title | Board Seat |
|---|---|---|
| Steve Papa | Co-Founder, Chief Executive Officer & Chairman | |
| Baruch Navon | Chief Operating Officer & President | |
| Sean Falvey | Chief Financial Officer | |
| Ofir Ari Katzav | Chief Technology Officer | |
| Matt Rowe | Chief Legal Officer |
Parallel Wireless Board Members (1)
| Name | Representing | Role | Since |
|---|---|---|---|
| Steve Papa | Parallel Wireless | Co-Founder, Chief Executive Officer & Chairman |
Parallel Wireless Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Parallel Wireless Investors (11)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Aaron Rudenstine | Angel (individual) | Minority | ||
| EchoVC Partners | Venture Capital | Minority | ||
| Eghosa Omoigui | Angel (individual) | Minority | ||
| Elliott Cohen | Angel (individual) | Minority | ||
| First Star Ventures | Venture Capital | Minority |
Parallel Wireless FAQs
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When was Parallel Wireless founded?
Parallel Wireless was founded in 2012.
-
Who is the founder of Parallel Wireless?
Steve Papa, Rajesh Mishra, Kaitki Agarwal, and Sridhar Donepudi are the founders of Parallel Wireless.
-
Who is the CEO of Parallel Wireless?
Steve Papa is the CEO of Parallel Wireless.
-
Where is Parallel Wireless headquartered?
Parallel Wireless is headquartered in Nashua, NH.
-
What is the size of Parallel Wireless?
Parallel Wireless has 672 total employees.
-
What industry is Parallel Wireless in?
Parallel Wireless’s primary industry is Wireless Communications Equipment.
-
Is Parallel Wireless a private or public company?
Parallel Wireless is a Private company.
-
What is Parallel Wireless’s current revenue?
The current revenue for Parallel Wireless is .
-
How much funding has Parallel Wireless raised over time?
Parallel Wireless has raised $39.4M.
-
Who are Parallel Wireless’s investors?
Aaron Rudenstine, EchoVC Partners, Eghosa Omoigui, Elliott Cohen, and First Star Ventures are 5 of 11 investors who have invested in Parallel Wireless.
-
Who are Parallel Wireless’s competitors?
ASOCS, BATS Wireless, Casa Systems, Plivo, and Pluribus Networks are some of the 22 competitors of Parallel Wireless.
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