Parallel Flight Technologies
OperatingParallel Flight Technologies, Inc.
Industrial & Manufacturing · Manufacturing · Ben Lomond, CA · Founded 2018
Saving lives, property, and the environment
Financials
FY2017–FY2025 · from SEC filings · hover any figure for its sourceChart shows the most recent 8 fiscal years; 1 earlier year is in the table below.
Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Pre-money — the valuation set before each round’s money came inBlue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.
Share price over rounds
Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.
Cap table
Share counts as of Dec 31, 2020These classes don't convert into each other and last sold at very different prices, so their share counts can't be added up into ownership percentages. Compare them by price instead.
| Class | Outstanding | Votes / share | Votes | Last price |
|---|---|---|---|---|
| Class A Common Stock | 6,008,424 | — | 100.0% | $1.40Oct 2019 |
| Class B Common Stock | 313,569 | none | 0% | $10.00Feb 2023 |
Principal holders% as the filing states it, Jan 20, 2022
- Bobby Hulter1,500,000 shares39.9%of company
- David Adams1,500,000 Class A Common Stock39.9%of company
- Everyone else (not named in filings)20.3%
Sold to the crowd
- Reg CF · Oct 2019764,147 shares at $1.40$1.1M· 1,493 investors
- Reg A+ · Jun 2020116,366 shares at $3.00$349.1K· 77 investors
- Reg A+ · Sep 20201,350,936 shares at $4.67$6.3M· 4,600 investors
- Reg CF · Jan 202229,286 shares at $22.60$661.9K· 516 investors
- Reg CF · Feb 202359,356 Class B Common Stock at $10.00$593.6K· 338 investors
From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.
Fundraising history
Team
7 people
Bobby has a broad background spanning physics as well as several engineering disciplines. His main focus has been on machine vision and software. He has applied these skills to industrial robotics systems for solar cell manufacturing. Bobby's primary job is engineering solar manufacturing robotics, he currently devotes 20 hrs per week at Parallel. He will be full time when we have raised sufficient funds. When he is not writing code for heavy lift drones, he enjoys camping with his family.
David began his career aboard nuclear submarines and is an engineer qualified officer. Following this, he supported Naval research into drone swarms. After leaving the Navy, David focused his career on robotic systems integration and design. He has worked in both the semiconductor fabrication field and in surgical robotics. When he is not designing heavy lift drones, David enjoys snowboarding and camping with family and friends.
Joshua brings a passion for groundbreaking technology and years of hybrid and electric powertrain expertise to Parallel. Prior to Parallel, he led system architecture and electrical engineering for the Tesla Semi Truck program. Before moving to California, he led state-funded research for the State of Alaska developing hybrid electric commercial fishing boats. When he is not designing the future, Joshua enjoys flying RC helicopters and hiking with his family
Kasey brings experience from Tesla as a Senior Manager of Global Inside Sales, Global Customer Experience, and senior staff manager for Strategy and Business Development for the Tesla Semi Truck program. She currently is a Sr. PM for Retail Operations and Global Product Launch at Apple.
Mark is a Top Gun graduate and former test pilot for the Navy. He has 30+ years of UAS testing, acquisition, management, and operations experience. He is a recipient of the 2017 Commercial Drone Alliance Industry Heroes Award and was listed in 2018 by Commercial UAV News with the Top 7 Drone Visionaries.
Names and titles as disclosed on SEC Form C, StartEngine, SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.
Reg CF annual-report compliance
Filed 4 of 7 annual reports (FY2019–FY2025)
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
View all 42 filings on EDGAR- Form 1-SASep 28, 20260001096906-26-001453EDGAR
- Form 1-KMay 1, 20260001096906-26-000662EDGAR
- Form 1-SAOct 10, 20250001096906-25-001669EDGAR
- Form 1-KApr 30, 20250001096906-25-000643EDGAR
- Form 1-SASep 30, 20240001096906-24-001932EDGAR
- Form 1-KApr 30, 20240001096906-24-000978EDGAR
- Form 1-SASep 28, 20230001096906-23-001856EDGAR
- Form 1-UAug 29, 20230001096906-23-001708EDGAR
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.