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Ex-Qoala execs’ AI firm Parallel Loop raises $6.6m

Parallel Loop, a Singapore-based startup that helps enterprises integrate AI into existing systems, said on October 14 that it launched with US$6.6 million in seed funding led by 3one4 Capital.

The company said the money will support enterprise AI adoption across Asia, Europe, and the Middle East.

Founded in June 2026 by former Qoala executives Prateek Jogani and Yujun Chean, Parallel Loop said it has 30 staff, teams in Singapore, Bengaluru, Bangkok, London, and Dubai, and more than 10 clients.

Those clients include Licious, Havells, and Tokio Marine Safety Insurance (Thailand).

Parallel Loop said it offers AI software and engineering services for enterprises that want to integrate AI into their existing systems.

It said deployments can run in a customer’s own cloud or on premises to meet data control needs as companies consider where AI data is stored and processed and navigate regional residency rules.

3one4 Capital has said AI is changing investor expectations for tech businesses.

🔗 Source: Parallel Loop

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