Parallelz

Parallelz

Instantly transforms native mobile applications into native web applications.

HQ location
Toronto, Canada
Launch date
Employees
Enterprise value
$12—18m
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Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

More about Parallelz
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Parallelz is a forward-thinking startup focused on revolutionizing the mobile app ecosystem. The company operates in the technology and software development market, specifically targeting mobile app developers and users. Parallelz's core offering is a unique computing architecture and platform that allows developers to transform their existing native mobile apps into fully native web apps without any modifications or the need for additional software development kits (SDKs). This means that developers can easily extend, personalize, and modify their apps to provide a seamless, fast, and frictionless user experience.

The business model of Parallelz is centered around providing this transformative technology to developers, likely through a subscription-based service or licensing fees. By enabling developers to convert their apps into web apps effortlessly, Parallelz opens up new avenues for app distribution and discovery, which were previously unimaginable. This not only enhances the user experience but also broadens the reach and accessibility of mobile applications.

Parallelz serves a diverse range of clients, primarily mobile app developers who are looking to enhance their app's performance and user engagement without the hassle of extensive coding. The company is backed by a strong team of experienced serial entrepreneurs and leaders in mobile gaming and software, supported by top venture funds and angel investors. This robust backing underscores the company's potential and credibility in the market.

In summary, Parallelz is at the forefront of creating a better internet by building innovative computing architecture that redefines how mobile apps are distributed and discovered. Their technology empowers developers to deliver superior user experiences with minimal effort, making it a game-changer in the mobile app industry.

Keywords: mobile apps, web apps, computing architecture, developers, user experience, no-code, app distribution, software development, technology, innovation.

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