Parallel Loop raises $6.6M seed to bring AI into enterprise workflows

Enterprise AI startup Parallel Loop has raised $6.6 million in a seed funding round led by 3one4 Capital. Picus Capital, Flourish Ventures, and Economic Development Innovations Singapore also participated.

Paytm founder Vijay Shekhar Sharma, CRED founder Kunal Shah, and former Singapore Economic Development Board chairman Philip Yeo also participated in the round, among others.

Founded in June this year by Prateek Jogani and Yujun Chean, Parallel Loop helps mid-market and large enterprises integrate AI into their existing technology systems, processes, and workflows.

The company combines an AI platform with engineering teams that work alongside clients to identify use cases, integrate AI into existing systems, and build customised workflows and applications.

Enterprises can deploy the platform in their own cloud environment or on-premises, retaining control over data access and residency.

It supports multiple AI model providers, including open-weight models, and focuses on deterministic workflows in which steps follow pre-defined rules, rather than autonomous AI agents that execute tasks independently.

The US-headquartered startup has an entity in Bengaluru, with 85-90% of its workforce based in India, according to Jogani.

It has a team of 30 across Singapore, Bengaluru, Bangkok, London, and Dubai, and works with more than 12 enterprises globally. Its clients include Licious and Havells in India, and Tokio Marine Safety Insurance in Thailand.

The startup plans to use the capital to strengthen its go-to-market strategy, expand its team, and scale operations, with a focus on Western markets.