# Parasail: physical AI company

Canonical ID: `2869e3f5-335b-46c5-be47-a328effaa639`

## Key facts

- **Positioning:** Inference-focused aggregator: sells token-priced access to open + frontier LLMs, not raw GPU capacity it owns
- **GPU inventory (basis):** Aggregates on-demand Nvidia H100, H200, A100 and 4090 capacity from dozens of third-party providers; Parasail does not disclose an absolute chip count and does not own the fleet
- **Fleet-size claim:** Parasail claimed in April 2025 that its bookable on-demand GPU fleet was larger than Oracle Cloud's entire GPU footprint (company claim, not independently audited)
- **Dedicated hardware offered:** Reserved deployments listed for Nvidia B300 (288 GiB) and H100 SXM (80 GiB), billed per minute with volume discounts
- **Serverless pricing examples:** Mistral Small at $0.09 input / $0.30 output per million tokens; Llama 3.3 70B at $0.22 / $0.50 per million tokens (per Parasail pricing page)
- **Throughput claim:** ~750 billion tokens served per day across the platform (company figure)
- **Silicon partners:** Primarily Nvidia GPUs via third-party providers; disclosed technology partnerships with d-Matrix, Neuralwatt and Wafer AI for inference-efficiency work
- **Named customers:** Elicit, Weights & Biases, Rasa, MiniMax, mem0, Venice, Reflow, Z, Skyfall AI
- **Seed round:** $10M seed closed in 2024, led by Basis Set Ventures with Threshold Ventures, Buckley Ventures and Black Opal Ventures participating
- **Follow-on round:** Reported $32M round in April 2026 per TechCrunch; Kindred Ventures, Touring Capital, Samsung Next and Banyan Ventures listed as backers on Parasail's site
- **Public/private:** Private company; no public ticker
- **CEO:** [Mike Henry](/people/mike-henry.md), co-founder and CEO; previously Chief Product Officer at Groq and founder-CEO of Mythic
- **Co-founder:** [Tim Harris](/people/tim-harris.md), co-founder; previously founder and CEO of Swift Navigation
- **HQ:** United States; Parasail has not disclosed a specific HQ city on its site or in coverage reviewed
- **Founding:** Company launched in 2023; engineering work began in early 2024; emerged from stealth in early 2025

- **Slug:** parasail
- **Status:** active
- **Founded:** 2023
- **HQ:** United States (HQ city not disclosed publicly)
- **Funding total (USD):** 42000000

## Models

_No models registered._

## Current leadership (2)

- [Mike Henry](/people/mike-henry.md) Co-founder and CEO (_reported, not verified_)
- [Tim Harris](/people/tim-harris.md) Co-founder (_reported, not verified_)

## Supplies to

_No verified supply relationships on file. Supply-chain coverage is being added across the registry; check back as the seed populates this company's outbound edges._

_Outbound supply edges. Each appears when verified with at least two strong sources. Sources are append-only; corrections add new sources rather than rewrite history._

## Common questions

### What is Parasail?

Parasail is a US-based AI inference cloud that sells access to large language and open-weight models rather than raw GPU-hours. Instead of owning campuses, it aggregates on-demand capacity from dozens of neocloud and colocation providers and routes workloads across that fleet through a single OpenAI-compatible API. Co-founder and CEO Mike Henry (previously Chief Product Officer at Groq and founder-CEO of Mythic) and co-founder Tim Harris (founder-CEO of Swift Navigation) launched the company in 2023, began engineering in early 2024, and came out of stealth in early 2025.

### What does Parasail make?

Parasail has no robot models recorded on the DEPLOY registry. Parasail builds physical robots.

### Is Parasail publicly traded?

No. Parasail is privately held and not publicly traded, per the DEPLOY registry.

### How can I invest in Parasail?

Parasail is a private company; its shares are not available on public markets, so retail investors cannot buy the stock today. It has raised $42M in disclosed funding.

### Where is Parasail headquartered?

Parasail is headquartered in United States (HQ city not disclosed publicly).

### How much funding has Parasail raised?

Parasail has raised approximately $42M in disclosed funding on record in the DEPLOY registry.

### Who owns Parasail?

Parasail is privately held and venture-backed ($42M raised); ownership sits with its founders and private investors.

### Is Parasail a top robotics company?

On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, Parasail ranks in roughly the top 99% of companies tracked by the registry.

### When was Parasail founded?

Parasail was founded in 2023.


## Sources (5)

1. https://parasail.io
2. https://parasail.io/about
3. https://parasail.io/pricing
4. https://techcrunch.com/2025/04/02/parasail-says-its-fleet-of-on-demand-gpus-is-larger-than-oracles-entire-cloud/
5. https://techcrunch.com/tag/parasail/

## The verified answers

- [Which companies have the most robots deployed](/which-companies-have-the-most-robots-deployed.md)
- [Which operators run the most robots](/which-operators-run-the-most-robots.md)
- [Which robot operators cover the most countries](/which-robot-operators-cover-the-most-countries.md)

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