Collab Fund · X· X post·· 2026-10-09AI score46
Former SpaceX Engineers' Rail Company Raises $100 Million Series C
Summary
Parallel Systems, a rail technology startup founded in 2020 by former SpaceX engineers, has completed a $100 million Series C funding round led by AVP, with participation from multiple institutions. The company is developing battery-powered autonomous Panther rail vehicles that can travel independently for up to 500 miles, helping railways compete with trucking on short-haul routes.
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Source: Collab Fund · X · x.com