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Parallel Loop Raises $6.6 Mn To Integrate AI Into Enterprise Workflows

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Parallel Loop Raises $6.6 Mn To Integrate AI Into Enterprise Workflows

Enterprise AI startup Parallel Loop has raised $6.6 Mn (about ₹63.1 Cr) in a seed funding round led by 3one4 Capital, with participation from Picus Capital, Flourish Ventures, and Economic Development Innovations Singapore.


Paytm founder Vijay Shekhar Sharma, CRED founder Kunal Shah, and former Singapore Economic Development Board chairman Philip Yeo also participated in the round, among others.

The startup plans to use the capital to strengthen its go-to-market strategy, expand its team, and scale operations, with a focus on Western markets, cofounder Prateek Jogani told Inc42.

Founded in June this year by Jogani and Yujun Chean, Parallel Loop helps mid-market and large enterprises integrate AI into their existing technology systems, processes, and workflows.

The US-headquartered startup has an entity in Bengaluru, with 85-90% of its workforce based in India, Jogani said. It has a team of 30 across Singapore, Bengaluru, Bangkok, London, and Dubai, and works with more than 12 enterprises globally. Its clients include Licious and Havells in India, and Tokio Marine Safety Insurance in Thailand.

Jogani and Chean previously cofounded FairDee, a Thailand-based insurtech startup acquired by Qoala. At Qoala, Jogani served as group chief technology officer, while Chean was group chief operating officer. They helped scale the business across five Southeast Asian markets.

Parallel Loop combines its AI platform with engineering teams that work alongside clients to identify use cases, integrate AI into existing systems, and build customised workflows and applications. It describes this combination of software infrastructure and engineering support as an “AI operating partner” model.


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