Parallel Machines

Company Overview

Snapshot

Founded in January 2014 by Ofer Bar-Or and Nisha Talagala, Parallel Machines operates with 1–10 employees. The company was acquired by DataRobot Inc in June 2019, marking a significant exit in the machine learning sector.

Business overview

Parallel Machines, also known as ParallelM, develops an analytics platform designed to predict and detect mission-critical incidents and failures. The company's core technology leverages advanced online machine learning and deep learning across distributed environments to conduct real-time, multivariate anomaly detection. It primarily serves industries requiring robust operational optimization solutions, including industrial manufacturing and manufacturing facilities, operating within the broader Industrial Technologies sector.

Strategic signal

In September 2018, ParallelM was recognized as a "Cool Vendor in Data Science and Machine Learning, 2018" by the Gartner Research Group. This acknowledgment highlighted the company's innovative approach to deploying machine learning and deep learning for anomaly detection, signaling its technological leadership and potential impact in the data science landscape prior to its acquisition.

Company Intelligence Q&A

When was Parallel Machines acquired?

Parallel Machines was acquired by DataRobot Inc in June 2019.

Which investors participated in Parallel Machines' funding round?

In November 2015, Parallel Machines received funding from 83North and Intel Capital.

What recognition did Parallel Machines receive from Gartner?

In September 2018, Parallel Machines was named a "Cool Vendor in Data Science and Machine Learning, 2018" by the Gartner Research Group.

Has Parallel Machines been assigned any patents?

In March 2017, Parallel Machines was assigned a patent.

Who are the founders of Parallel Machines?

Parallel Machines was founded by Ofer Bar-Or and Nisha Talagala.