Parallel Loop AI – Parallel Loop, an AI operating partner for mid-market and large enterprises, announced its formal launch, backed by $6.6 million in seed funding, led by 3one4 Capital. The company has teams in Singapore, Bengaluru, Bangkok, London and Dubai. Founded in June 2026 by Prateek Jogani and Yujun Chean, Parallel Loop partners with enterprises to grow and transform their business by integrating AI with their existing technology, organisational context and workflows. The company has a team of 30 and serves more than 10 clients across industries and geographies, including Licious and Havells in India and Tokio Marine Safety Insurance (Thailand).
From AI tools to AI capability
AI has made individuals faster, but scaling it and turning that into an enterprise capability across a business is much harder. The decisions, rules, definitions and know-how that make a company work are spread across systems, meetings, email, messaging tools and individual teams. Companies that connect AI to that context can do things that were not possible two years ago. They can serve customers in new ways, move into new markets and run operations at a different speed.
“Intelligence has become abundant. What many organisations lack is the context, systems and capability to turn this into tangible business outcomes,” said Prateek Jogani, Co-founder, Parallel Loop. “Parallel Loop addresses that gap by helping our clients build capability and scale AI to transform the way they operate and achieve their most ambitious goals.”
An AI operating partner for the enterprise
Parallel Loop combines its AI Stack with forward-deployed engineers, who work alongside client teams to connect existing systems, processes and organisational knowledge, and to build AI workflows and applications. Its work has three connected capabilities:
AI Enablement:
Works with leadership teams to identify high-value AI opportunities, define roadmaps and build practical capability inside the organisation.
AI Stack:
One secure, governed and fully modular stack shared across functions. It joins existing systems with organisational context and powers everything from instant live dashboards to end-to-end deterministic workflows.
Software Factory:
Forward-Deployed Engineers and AI agents work alongside the client’s team to modernise critical legacy systems and build new applications in a fraction of the usual time.
Sovereign AI, inside the client’s environment
Many enterprises now want sovereign AI: control over where their data, context and AI workloads sit, and who can access them. The AI Stack runs in the client’s own cloud environment or on-premises, with data residency set to the client’s requirements. The stack works with multiple model providers, including open-weight models, so clients are not locked into a single provider. It keeps an audit trail of prompts, responses, context changes and actions. Clients retain ownership of their data, their organisational context and the client-specific work built for them.
“Our vision for the AI journey is to truly democratize AI for our employees, make it an integral part of how Havells runs and also build use cases which create immediate value in the market. In Parallel Loop, we found these possibilities. Today, several hundreds of our employees across the organization use Parallel Loop as their everyday AI platform for workflows, automations and dashboards. Work that used to sit in legacy systems and old reporting tools now starts with a simple question in chat.
Customer-centricity is a cornerstone of our values, and Parallel Loop is helping us sharpen it. We are modernizing how our sales colleagues collaborate with channel partners and influencers. With AI-powered insights on the fingertips, our teams are equipped to serve our customers & consumers better. I am super excited by what lies ahead. “ said Pramod is the President & CIO at Havells India Limited.
Founders with experience building at scale
Prateek Jogani and Yujun Chean have worked together for nearly a decade. They co-founded FairDee, a Thai insurtech, which was later acquired by Qoala, where Prateek served as Group Chief Technology Officer and Yujun as Group Chief Operating Officer. Under their leadership, Qoala became one of Southeast Asia’s leading insurtech platforms, operating across five markets, processing millions of policies a month and raising more than $130 million from investors.
Prateek Jogani, Co-founder, brings around two decades of technology experience across video streaming, healthcare, education, music and insurance. As Group CTO of Qoala, he led technology across five Southeast Asian markets and built engineering teams in India. In 2025, he began running hands-on AI programmes for leadership teams, from growth-stage businesses to companies preparing for IPOs. Through his work, he observed that while teams were adopting AI tools, only a few were building the systems, context and processes required to sustain those gains. This insight led to the founding of Parallel Loop.
Yujun Chean, Co-founder, served as Group COO of Qoala, where he led commercial, product, operations, finance and human resources across five countries. At Qoala, he used AI to scale the business more efficiently, and he believes real transformation starts with the leadership team. At Parallel Loop, he leads the company’s work with client leadership teams.
Investors
Parallel Loop raised $6.6 million in seed funding led by 3one4 Capital, with participation from Picus Capital, Flourish Ventures, Economic Development Innovations Singapore, Vijay Shekhar Sharma (Founder and CEO of Paytm), Kunal Shah (Founder of CRED), Philip Yeo (former Chairman of Singapore’s Economic Development Board and A*STAR) and other investors.
“Enterprises today carry so much complexity across their tech stacks and processes that AI transformation has become a domain-led challenge, one that demands deep expertise in both the domain and AI. With Parallel Loop, Prateek and Yujun have delivered value to their customers and demonstrated real momentum. They’re closing enterprise deals and expanding accounts across multiple geographies with an outcome-led approach. We’re excited to partner with the Parallel Loop team and lead their seed as they prepare to scale their offering across categories and geographies!” said Anurag Ramdasan, Partner, 3one4 Capital.
For more information visit: www.parallelloop.ai.
