Ex-Qoala execs' AI firm Parallel Loop raises $6.6M

What's the deal? Parallel LoopDealroom has a profile for this one. Try Dealroom →, an enterprise AI firm founded by former Qoala executives Prateek Jogani and Yujun Chean, has raised $6.6 million from 3one4 CapitalDealroom has a profile for this one. Try Dealroom →. The company said the money will support enterprise AI adoption across Asia, Europe, and the Middle East.

What's the endgame? Parallel Loop offers AI software and engineering services for enterprises that want to integrate AI into their existing systems. Its deployments can run in a customer's own cloud or on premises to meet data control needs.

Why now? Founded in June 2026, the startup already has 30 staff, teams in Singapore, Bengaluru, Bangkok, London, and Dubai, and more than 10 clients, including Licious, HavellsDealroom has a profile for this one. Try Dealroom →, and Tokio Marine Safety Insurance (Thailand)Dealroom has a profile for this one. Try Dealroom →.

The signal: On-premises and in-cloud deployment options reflect a growing concern over where AI data is stored and processed as companies navigate regional residency rules. 3one4 Capital has said AI is changing investor expectations for tech businesses.

Read more: techinasia.com

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