Parallel, a Paris, France–based startup building AI agents for hospitals, has raised $20 million in Series A funding.
Investors
The round was led by Index Ventures, with participation from Frst, Y Combinator, Hexa, and angel investors, including Arthur Mensch, Felix Blossier, and Quentin de Metz.
Index Ventures is a global, multi-stage venture capital firm headquartered in San Francisco, California, and London, United Kingdom. Founded in 1996, the firm backs exceptional entrepreneurs aiming to build large, category-defining global businesses. It invests across early and growth stages in technology and life sciences, supporting founders in scaling impactful companies.
Parallel Use of Funds
The company will use the funds to scale deployment of its AI coding agents, expand internationally, develop new automation solutions, and grow its team.
About Parallel
Launched in 2025 by Paul Lafforgue and Chris Rydahl, Parallel develops AI agents to automate administrative tasks in hospitals. Leveraging large language models and computer-use agents, the platform utilizes medical data to streamline operations and improve the quality of care. Headquartered in Paris, France, the company’s mission is to address healthcare’s central challenge: delivering more care with fewer resources.
Funding Details
Company: Parallel
Raised: $20.0M
Round: Series A
Funding Date: March 2026
Lead Investor: Index Ventures
Additional Investors: Frst, Y Combinator, Hexa, Arthur Mensch, Felix Blossier, Quentin de Metz
Company Website: https://www.beparallel.com/
Software Category: Healthcare AI / Workflow Automation
Source: https://www.beparallel.com/news/parallel-raises-20m-to-accelerate-ai-agent-deployment-in-hospitals