Parallel Systems, which builds autonomous freight trains, raised a $100M Series C led by AVP, taking its total funding to $200M+ (Tim De Chant/TechCrunch)

Parallel Systems’ $100 million Series C signals continued investor confidence in autonomous freight rail as a potential step-change for logistics productivity, safety, and labor efficiency. For CIOs and technology leaders, the strategic takeaway is that transportation infrastructure is becoming software- and sensor-driven, creating new opportunities to reduce friction in supply chains while raising the bar for interoperability, cybersecurity, and operational data integration across IT and OT environments.