Parallel Loop has launched with $6.6 million in seed funding to help mid-market and large enterprises integrate artificial intelligence into existing technology systems, organizational workflows, and business processes. The round was led by 3one4 Capital, with participation from Picus Capital, Flourish Ventures, Economic Development Innovations Singapore, Paytm founder and CEO Vijay Shekhar Sharma, CRED founder Kunal Shah, former Singapore Economic Development Board and A*STAR Chairman Philip Yeo, and other investors.
Founded in June 2026 by Prateek Jogani and Yujun Chean, Parallel Loop operates teams in Singapore, Bengaluru, Bangkok, London, and Dubai. The company has grown to 30 employees and serves more than 10 clients across multiple industries and geographies, including Licious, Havells India, and Tokio Marine Safety Insurance in Thailand.
Parallel Loop positions itself as an AI operating partner that works directly with enterprise leadership and operating teams rather than simply providing standalone AI tools. Its platform combines an AI Stack with forward-deployed engineers who integrate AI into existing systems, processes, workflows, and organizational knowledge.
The company’s offering is structured around three main capabilities. AI Enablement helps leadership teams identify high-value AI opportunities and develop implementation roadmaps. The AI Stack provides a secure and modular technology layer that connects enterprise systems and organizational context to support applications ranging from live dashboards to deterministic workflows. Its Software Factory combines forward-deployed engineers with AI agents to modernize legacy systems and develop new applications.
Parallel Loop also emphasizes sovereign AI deployments. Its technology can operate inside a customer’s cloud environment or on-premises, allowing organizations to set their own data residency requirements. The platform supports multiple AI model providers, including open-weight models, and maintains audit trails covering prompts, responses, context changes, and actions.
Customers retain ownership of their data, organizational context, and client-specific applications developed through the platform. This approach is intended to give enterprises greater control over sensitive information while reducing dependence on a single AI model or infrastructure provider.
At Havells India, several hundred employees are already using Parallel Loop for AI workflows, automations, dashboards, and access to information previously contained in legacy systems and reporting tools. The company is also using AI-powered insights to support sales teams working with channel partners and other customers.
Jogani and Chean previously co-founded Thai insurtech company FairDee, which was acquired by Qoala. Jogani later served as Group Chief Technology Officer of Qoala, while Chean served as Group Chief Operating Officer. Under their leadership, Qoala expanded across five markets, processed millions of policies each month, and raised more than $130 million.
Parallel Loop plans to use the seed funding to expand its enterprise AI capabilities and grow across Asia, Europe, and the Middle East as organizations move beyond individual AI tools toward broader operational deployments.
KEY QUOTES:
“Intelligence has become abundant. What many organisations lack is the context, systems and capability to turn this into tangible business outcomes. Parallel Loop addresses that gap by helping our clients build capability and scale AI to transform the way they operate and achieve their most ambitious goals.”
Prateek Jogani, Co-Founder Of Parallel Loop
“Our vision for the AI journey is to truly democratize AI for our employees, make it an integral part of how Havells runs and also build use cases which create immediate value in the market. In Parallel Loop, we found these possibilities. Today, several hundreds of our employees across the organization use Parallel Loop as their everyday AI platform for workflows, automations and dashboards. Work that used to sit in legacy systems and old reporting tools now starts with a simple question in chat.
Customer-centricity is a cornerstone of our values, and Parallel Loop is helping us sharpen it. We are modernizing how our sales colleagues collaborate with channel partners and influencers. With AI-powered insights on the fingertips, our teams are equipped to serve our customers & consumers better. I am super excited by what lies ahead.”
Pramod, President And CIO Of Havells India Limited
“Enterprises today carry so much complexity across their tech stacks and processes that AI transformation has become a domain-led challenge, one that demands deep expertise in both the domain and AI. With Parallel Loop, Prateek and Yujun have delivered value to their customers and demonstrated real momentum. They’re closing enterprise deals and expanding accounts across multiple geographies with an outcome-led approach. We’re excited to partner with the Parallel Loop team and lead their seed as they prepare to scale their offering across categories and geographies!”
Anurag Ramdasan, Partner At 3one4 Capital
