Parallel Secures $20M to Revolutionize Hospital Admin with AI Agents

Paris-based startup Parallel has raised $20 million in Series A funding to develop AI agents that automate complex hospital coding processes. By operating atop existing software, their agents can be deployed within a week. With a focus on high-value workflows, Parallel targets European healthcare systems. The company plans to expand internationally and hire for growth, aiming to streamline hospital operations and reduce administrative costs.