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[Funding alert] New York-based Parallel Secures 125m in Funding

New York-based Parallel Secures 125m in Funding. Rethink Impact led the round, which was an addition to their Series A fundraising, and insiders participated.

New York-based Parallel Secures 125m in Funding. Rethink Impact led the round, which was an addition to their Series A fundraising, and insiders participated.

The money will be used by the business to support product investments and growth into new markets.

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Parallel is a K–12 teletherapy platform that offers resources to assess, identify, and empower students with learning and cognitive challenges. It is led by founder and CEO Diana Heldfond.

It streamlines psychological examinations and support services, such as speech-language pathology, specialised instruction, behavioural and mental health counselling, and executive function coaching for K–12 school partners, by integrating technology and clinical experience.

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Through the incorporation of clinical elements that improve session quality and the accomplishment of meaningful results across service lines, Parallel’s proprietary software seeks to significantly increase provider efficiencies by cutting down on assessment administration time and service preparation.

About Parallel

According to Parallel, learning differences are only different perspectives that ought to be honoured. Their goal is to provide schools with the tools they need to help every kid thrive in the classroom and beyond.

Read also – CA-based Rainbow Secures $12M in Seed Funding

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