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Parallel develops AI tools to automate medical coding and other hospital administrative work.
Parallel provides AI medical coding tools designed to help hospital teams interpret patient records and apply coding standards. Founded in 2024, the company is based in Paris, France and serves hospitals in the European Union. It raised EUR 3.20 mn in Seed funding in April 2025 from Frst Capital, Better Angle, Bpifrance Investissement, Kima Ventures, and Y Combinator. In March 2026, it raised EUR 17.3 million in Series A funding led by Index Ventures.
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