Singapore
**ParallelChain Lab** is a Singapore-based startup that was founded in 2018 with the goal of driving change and creating real-world impact through pioneering software research and development. The company specializes in developing both permissioned and permissionless blockchain platforms, as well as enterprise solutions enhanced by artificial intelligence (AI). With a strong focus on distributed systems and AI, the company has secured 12 patents across the US, EU, and China, and has more in the pipeline.
Their recent milestone includes a significant **$50.00M Venture Round investment** which was secured on **22 September 2022**, with key investment coming from **GEM Digital** and **Avalon Wealth Club**. This investment reflects confidence in the company's vision and potential for growth.
ParallelChain Lab's slogan, "**ParallelChain - the blockchain that bests them all**," reflects its commitment to bridging centralized and decentralized systems, aiming to unite the strengths of Web2 and Web3, ultimately bringing about a more connected and user-centric internet. The company's strong patent portfolio and recent investment indicate promising opportunities for further innovation and expansion within the blockchain industry.
