COMPANY PROFILE

Parallels

Parallels provides desktop and application virtualization across desktops and mobile devices along with technology management solutions

Renton, United StatesFounded 1999Fintech

Valuation $50–100M Last recorded · 2005

Headcount 100–500 Current team size

Total funding $10–50M Disclosed equity funding

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About Parallels

Parallels Inc. specializes in cross-platform solutions that allow users to access and utilize applications and files across various devices and operating systems. Catering to both businesses and individuals, Parallels offers products that facilitate the use of Windows on Mac, remote access to PCs and Macs, and the delivery of virtual desktops and applications. The company operates in the software market, serving clients who require flexible and secure access to their technology. Parallels generates revenue through the sale of its software solutions, including Parallels Desktop for Mac, Parallels Remote Application Server, and Parallels Desktop for Chrome OS. These products are designed to enhance productivity and streamline IT management, making them valuable to enterprises and individual users alike. Parallels is part of Alludo, which includes other notable brands such as CorelDRAW, WinZip, and MindManager.

MoreLess Source: Dealroom company data

At a glance

Status: Acquired
Founded: 1999
Headquarters: Renton, United States
Employees: 309
Open positions: 31
Dealroom signal: 82.9/100
Industry: Fintech, Enterprise Software
Sector: Fintech, Virtualization, Optimization, Cloud Computing, Data Centers
Business model: SaaS
Client focus: b2b
Investment activity: 1 company, latest Jan 2003
Capital deployed: $0
Preferred round: CORPORATE SPINOUT
Links: Website LinkedIn X

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITION✓Exit	Dec 2018	$0	—	Corel	↗
EARLY VC✓Equity / VC	Apr 2014	$0	—	Maxfield Capital	—

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Growth signals

Parallels website traffic

Latest recorded traffic for Parallels is 1.4M monthly website visits, up 0% over the last three months. Parallels's team declined 18% over the past year.

Latest monthly visits1.4M 3-month web change0% 1-year team growth-18%

Monthly website visitsOct 2014–Jul 2026

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Open positions

Openings linked to this company in Dealroom

8 distinct openings shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

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