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Parallel, launched by Paul Lafforgue and Chris Rydahl, Raises $20M in Series A Funding
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Parallel, a Paris, France-based startup building AI agents for hospitals, raised $20m in Series A funding.
The round was led by Index Ventures, with participation from Frst, YC, Hexa, and notable angels including Arthur Mensch (Mistral), Felix Blossier, and Quentin de Metz (Pennylane).
The company intends to use the funds to accelerate the rollout of its existing coding agents, expand internationally, develop new solutions to automate time-intensive hospital processes, and to expand its team.
Launched in 2025 by Paul Lafforgue and Chris Rydahl, Parallel is a software solution that builds AI agents to automate administrative tasks in hospitals. Using Large Language Models and Computer Use Agents, Parallel leverages medical data to streamline operations and improve the quality of care.
The company’s first focus is medical coding, a core hospital workflow that converts clinical information from a patient stay into standardized codes used for reimbursement and reporting.
Less than one year after its $3.5M seed round, Parallel’s AI agents have already been deployed across several dozen public and private hospitals, running on top of existing systems to automate administrative work.
source[FinSMEs]
The round was led by Index Ventures, with participation from Frst, YC, Hexa, and notable angels including Arthur Mensch (Mistral), Felix Blossier, and Quentin de Metz (Pennylane).
The company intends to use the funds to accelerate the rollout of its existing coding agents, expand internationally, develop new solutions to automate time-intensive hospital processes, and to expand its team.
Launched in 2025 by Paul Lafforgue and Chris Rydahl, Parallel is a software solution that builds AI agents to automate administrative tasks in hospitals. Using Large Language Models and Computer Use Agents, Parallel leverages medical data to streamline operations and improve the quality of care.
The company’s first focus is medical coding, a core hospital workflow that converts clinical information from a patient stay into standardized codes used for reimbursement and reporting.
Less than one year after its $3.5M seed round, Parallel’s AI agents have already been deployed across several dozen public and private hospitals, running on top of existing systems to automate administrative work.
source[FinSMEs]
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