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XParallel Systems Emerges From Stealth With $50 Million For Autonomous Electric Trains—But Will Its Plan Work?
David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.

Parallel Systems has big dreams for the future of railway freight operations, and it seems that the venture capital world has taken notice.
The Los Angeles-based transportation startup announced a $49.55 million Series A funding round as it emerged from stealth mode on Wednesday. The round was led by Anthos Capital, with additional investments from the likes of Congruent Ventures, Riot Ventures and Embark Ventures.
Comprised of former SpaceX, Google and Tesla engineers, Parallel Systems is aiming to develop autonomous and electric freight train cars that would make the American shipping industry greener and more efficient.
“We’ve been pretty quiet about what we’ve been doing,” Parallel Systems CEO Matt Soule, formerly the principal avionics engineer at SpaceX, told dot.LA. “Our website has been pretty barren.” Soule co-founded the company two years ago with fellow former SpaceX engineers John Howard and Ben Stabler. Including $3.6 million in seed funding, the startup has now raised more than $53 million to date.
Parallel Systems’ technology relies on replacing traditional diesel-powered locomotives with battery-powered freight cars. In its model, each train car is self-powered, and can break apart from or join together with other cars as needed. In theory, this ability to autonomously break apart and reassemble as needed would reduce the need for switching stations, where trains are reorganized and rerouted manually.
It could also drastically reduce the significant physical footprint of trains, converting them from two-mile-long behemoths into “platoons” of 20-to-50 cars that wouldn’t require massive terminals for loading and unloading. Smaller trains would be able to travel closer to their final destinations before being unloaded—reducing trucking emissions, which account for roughly 7% of all greenhouse gas emissions in the U.S., in the process.
“The opportunity we’ve been after is kind of decarbonizing freight from a new angle,” Soule said.
All of these ideas would be beneficial toward alleviating America’s clogged supply chains and reaching its ambitious carbon emission goals—if they were able to be integrated into America’s existing rail infrastructure. On that front, some experts are skeptical.
“My first instinct was that this looks like SpaceX engineers getting bored and working on something that they know nothing about,” Chris Caplice, executive director of the Massachusetts Institute of Technology’s Center for Transportation & Logistics, told dot.LA. “They didn’t think about the larger system—whether it's regulatory, the network itself, the rail operations or the labor involved. I think they just found a technological solution to a problem they wanted to solve.”
From left: Parallel Systems co-founders Ben Stabler, Matt Soule and John Howard.Courtesy of Parallel Systems
Caplice worries that Parallel Systems’ technology fails to consider the realities of America’s existing rail network. Today, rail lines are divided into signal blocks, which can range from less than a mile to 15 miles long; these blocks are in fixed geographic positions, and only one train at a time is permitted into any signal block. For the new autonomous, single-car system to work, “you would have to put in thousands more control points in different places to get the network chopped down small enough to do this,” according to Dale Lewis, the former director of strategic analysis for CSX Transportation.
Even then, it likely still wouldn’t look like what Parallel Systems is imagining, with cars continuously breaking in and out of platoons. To realize what the company is pitching, Lewis says you’d need a complete revamp of the entire rail system.
“If [Parallel Systems] can bring in a couple people who have deep experience in operations planning…and sit with them for a day to go through how this would fit in the system, they’d probably come to some different conclusions about what they’ve got,” he said.
While the startup doesn’t employ any full-time railway operations specialists, Soule says Parallel Systems has brought in “veterans from the industry” who have helped them “understand the business.” He says safety is a top priority for the company; indeed, their vehicles would feature AI that would allow them to come to a stop quicker than traditional trains. No one is going to argue against safer trains—though most modern trains already come equipped with a system known as Positive Train Control, which autonomously prevents train-to-train collisions and other human errors.
Still, the 24-person firm is planning to hire heavily on the software side as it tries to figure out how to integrate its ambitious designs into the existing infrastructure. On the hardware side, Parallel Systems is working toward the second iteration of its prototype battery-electric rail vehicle, and testing it on a closed track in California.
“We’re going as fast as we can in terms of building the tech,” Soule said.
Parallel Systems Explainer Video Video via www.youtube.com
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David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.
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TikTok’s Latest Ad Strategy: Let Brands Crowdsource Creators
Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
TikTok’s newest advertising program will allow brands to crowdsource content from creators.
Branded Mission, which the Culver City-based video-sharing app announced Wednesday, is currently being beta-tested. The program lets brands release briefs containing specific creative directions—such as incorporating a specific hashtag, visual effect or audio—with the goal of procuring videos that will become promoted ads. Creators with at least 1,000 followers will be compensated with cash payments if the content performs well.
Creators participating in the “authentic branded content” program, as TikTok described it, can choose which brand initiatives they wish to participate in—with each Branded Mission “page” highlighting details like how much money a creator could potentially receive for participating. TikTok told Business Insider that it’s testing various payment models, including a first-come, first-serve model as well as “boosted traffic” compensation.
“Creators are at the center of creativity, culture and entertainment on TikTok,” the social media firm said in a statement. “With Branded Mission, we're excited to bring even more creators into the branded content ecosystem and explore ways to reward emerging and established creators.”
TikTok’s previous advertising strategies have relied on creators with large followings, with the recently announced TikTok Pulse targeting users with at least 100,000 followers. Branded Mission, on the other hand, gives creators with smaller platforms a chance to make more revenue beyond programs like TikTok’s Creator Fund.
Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
Greater Good Health Raises $10M To Fix America’s Doctor Shortage
Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.
The pandemic highlighted what’s been a growing trend for years: Medical students are prioritizing high-paying specialty fields over primary care, leading to a shortage of primary care doctors who take care of a patient’s day-to-day health concerns. These physicians are a cornerstone of preventative health care, which when addressed can lower health care costs for patients, insurers and the government. But there’s a massive shortage of doctors all over the country, and the pipeline for primary care physicians is even weaker.
One local startup is offering a possible answer to this supply squeeze: nurse practitioners.
On Wednesday, Manhattan Beach-based Greater Good Health unveiled $10 million in new funding led by LRVHealth, adding to $3 million in seed funding raised by the startup last year. The company employs nurse practitioners and pairs them with doctor’s offices and medical clinics; this allows nurse practitioners to take on patients who would otherwise have to wait weeks, or even months, to see a doctor.
“This access and equity issue is just going to become more pervasive if we don't do things to help people gain more access,” Greater Good founder and CEO Sylvia Hastanan told dot.LA. “We need more providers to offer more patients appointments and access to their time to take care of their needs. And in order to do that, we really need to think about the workforce.”
There has been a growing movement in the medical industry to use nurse practitioners in place of increasingly scarce primary care physicians. California passed a law in 2020 that will widen the scope of nurse practitioners and allow them to operate without a supervising physician by 2023. Amid a shortage of doctors, there’s also the question of what will become of the largest and longest-living elderly population in recent history, Baby Boomers. Public health officials are already scrambling for ways to take care of this aging demographic’s myriad health needs while also addressing the general population.
“By the time you and I get old enough where we need primary care providers to help us with our ailments and chronic conditions, there aren't [going to be] enough of them,” Hastanan said. “And/or there just isn't going to be enough support for those nurse practitioners to really thrive in that way. And I worry about what our system will look like.”
Nurse practitioners function much like doctors do—they can monitor vitals, diagnose patients, and, in some cases, prescribe medication (though usually under the supervision of a doctor). Nurse practitioners need to get either a master’s degree or higher in nursing and complete thousands of hours of work in a clinical setting. All told, it usually takes six-to-eight years to become a nurse practitioner, compared to 10-to-15 years to become a practicing physician.
Greater Good Health’s platform puts nurse practitioners in often years-long care settings where they manage patients—most of whom are chronically ill, high-risk patients that need to be seen regularly and thoroughly. This allows them to follow up more carefully on patients they have managed for years, instead of catching up on a new patient’s history and treating them in the moment. Patients, meanwhile, don’t have to see a rotating door of clinicians and can talk to a provider they already have an established rapport with.
The one-year-old startup will use the funding to provide learning and development opportunities for its nurse practitioners and also connect them with each other through virtual support groups. Burnout has been an issue across health care during the pandemic, spurring an exodus of nursing and support staff and leaving health care facilities woefully understaffed. Greater Good hopes that keeping nurse practitioners in more stable, years-long care situations and offering them career development opportunities will help retain them and keep them in the workforce longer.
“We want them to be well-rounded and balanced both in work and life, and we see that returns us healthier, more engaged and ready nurse practitioners,” Hastanan said.
Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.
Plus Capital Partner Amanda Groves on Celebrity Equity Investments
On this episode of the L.A. Venture podcast, Amanda Groves talks about how PLUS Capital advises celebrity investors and why more high-profile individuals are choosing to invest instead of endorse.
As a partner at PLUS, Groves works with over 70 artists and athletes, helping to guide their investment strategies. PLUS advises their talent roster to combine their financial capital with their social capital and focus on five investment areas: the future of work, future of education, health and wellness, the conscious consumer and sustainability.
“The idea is if we can leverage these people who have incredible audiences—and influence over that audience—in the world of venture capital, you'd be able to help make those businesses move forward faster,” Groves said.
PLUS works to create celebrity partnerships by identifying each client’s passions and finding companies that align with them, Groves said. From there, the venture firm can reach out to prospective partners from its many contacts and can help evaluate businesses that approach its clients. Recently, PLUS paired actress Nina Dobrev with the candy company SmartSweets after she had told them about her love for its snacks.
Celebrity entrepreneurship has shifted quite a bit in recent years, Groves said. While celebrities are paid for endorsements, Groves said investing allows them to gain equity from the growth of companies that benefit from their work.
“Like in movies, for example, where they're earning a residual along the way, they thought, ‘You know, if we're going to partner with these brands and create a tremendous amount of enterprise value, we should be able to capture some of the upside that we're generating, too’,” she said.
Partnering in this way also allows her clients to work with a wider range of brands, including small brands that often can’t afford to spend millions on endorsements. Investing allows high-profile individuals to represent brands they care about, Groves said.
“The last piece of the puzzle was a drive towards authenticity,” Groves said. “A lot of these high-profile artists and athletes are not interested, once they've achieved some sort of level of success, in partnering with brands that they don't personally align with.”
Hear the full episode by clicking on the playhead above, and listen to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.
dot.LA Editorial Intern Kristin Snyder contributed to this post.