Parasail
Category: AI Infrastructure
AI inference cloud platform that orchestrates global GPU compute resources to deliver fast, cost-efficient model deployment without long-term contracts Parasail was founded in 2023. The company is led by Mike Henry. Based in San Mateo, California, United States. Team size: 11-50. Total funding raised: $42M. Latest round: Series A. Key investors include Touring Capital, Kindred Ventures, Basis Set Ventures, Threshold Ventures, Samsung NEXT, Flume Ventures, Banyan Ventures, Buckley Ventures, Black Opal Ventures.
- Founded
- 2023
- Headquarters
- San Mateo, California, United States
- Team size
- 11-50
- Total funding
- $42M
Value proposition
World's fastest, most cost-efficient AI inference network — up to 30x cheaper than legacy cloud providers, with no quotas or long-term contracts. Deploy production-ready AI endpoints in minutes with 5 lines of code.
Products and solutions
AI Supercloud (global inference & training platform), AI Deployment Network (on-demand GPU compute orchestration), Serverless AI pipelines for vision, real-time voice agents, and agentic search/reasoning systems
Unique value
Inference-as-Code platform that aggregates GPU supply from 40 data centers across 15 countries into a single programmable layer, optimizing cost, latency, and throughput automatically without vendor lock-in
Target customer
AI-native startups and enterprises deploying inference workloads, agent systems, and LLM-based applications; developers needing scalable, contract-free GPU access
Industries served
AI Infrastructure, Cloud Computing, Enterprise AI, Agentic AI Systems, Developer Tools
Technology advantage
Proprietary global scheduling and orchestration layer using multi-provider Kubernetes; real-time telemetry-driven workload placement across heterogeneous GPU fleets (H100, H200, A100, 4090); "Inference as Code" abstraction; continuous automated inference optimization replacing manual performance engineering
How they differentiate
Inference-only focus (no training workloads); multi-provider orchestration vs. single-cloud approach; no long-term contracts/quotas; proprietary global Kubernetes control plane that spans providers; 15x-30x cost reduction vs hyperscalers; startup-friendly with instant-on access
Main competitors
Fireworks AI, Baseten, Together AI, CoreWeave, DeepInfra, Replicate
Key partnerships
Works with 40+ GPU data center and neocloud providers across 15 countries, GPU suppliers include Nvidia (H100, H200, A100, 4090 fleets), partnership with Positron AI (Snap-Serve for LLMs)
Notable customers
Elicit, mem0, Gravity, Kotoba, Venice, SambaNova, Oumi, Rasa, Weights & Biases
Major milestones
Founded late 2023, $10M seed closed 2024 (announced April 2025), platform launched April 2025 claiming GPU fleet larger than Oracle Cloud Infrastructure, surpassed $1M+ ARR in stealth beta, reached 500 billion tokens/day, $32M Series A closed April 2026
Growth metrics
500 billion tokens processed per day; $42M total funding; 32 employees
Market positioning
Agent-focused inference cloud positioned as the independent, multi-cloud orchestration layer for AI inference — competing against both hyperscalers (AWS/Azure/GCP) and inference-specific cloud startups by offering contract-free access, global GPU aggregation, and automated optimizations
Geographic focus
Global (40 data centers across 15 countries); headquartered in San Francisco, US
About Mike Henry
Ex-Founder/CEO of Mythic ($165M raised, AI inference chips); Interim CPO at Groq (creator of Groq Cloud); PhD in Electrical & Computer Engineering from Virginia Tech
Official website: https://parasail.io