# Parasail

> Parasail is a San Mateo-based AI inference cloud that lets developers run open-source and custom models without buying or committing to their own GPUs. Instead of owning chips, it orchestrates rented GPU capacity across roughly 40 data centers in 15 countries plus its own clusters, automatically routing each workload to the cheapest, fastest hardware. Founded in 2023 by Mike Henry (ex-Groq CPO, Mythic founder) and Tim Harris (Swift Navigation founder), the company processes on the order of 500 billion tokens a day and pitches a token-based economy - pay for output, not hardware.

- **Founded:** 2023
- **Headquarters:** San Mateo, California, United States
- **Founders:** Mike Henry (Co-Founder & CEO), Tim Harris (Co-Founder)
- **Team size:** ~32 employees
- **Products:** AI Supercloud, Serverless Inference Endpoints, Dedicated GPU Instances, Batch Inference
- **Notable:** Raised $42M total, including a $32M Series A in April 2026 co-led by Touring Capital and Kindred Ventures., Processes on the order of 500 billion tokens per day., Built access to on-demand GPU supply across ~40 data centers in 15 countries.

## Products & services

- **AI Supercloud** — A fabric of global compute resources that automatically optimizes model endpoints for speed, performance, and cost, orchestrating GPUs across ~40 data centers in 15 countries plus Parasail's own clusters.
- **Serverless Inference Endpoints** — On-demand, pay-per-token API access to open-source and custom models with no long-term commitment.
- **Dedicated GPU Instances** — Reserved GPU capacity for real-time and batch inference workloads that need consistent throughput.
- **Batch Inference** — Large-scale batch AI jobs (for example RAG pipelines and data processing) run cost-effectively across pooled GPU supply.

## Achievements

- Raised $42M total, including a $32M Series A in April 2026 co-led by Touring Capital and Kindred Ventures.
- Processes on the order of 500 billion tokens per day.
- Built access to on-demand GPU supply across ~40 data centers in 15 countries.
- Assembled a team from NVIDIA, Amazon, Stripe, Uber, Groq, and Blue Origin.
- Founded by operators whose prior companies raised $165M (Mythic) and $250M (Swift Navigation).

## Latest updates

- **2026-04** — Closed a $32M Series A co-led by Touring Capital and Kindred Ventures, with Samsung NEXT, Flume Ventures, and Banyan Ventures participating, to expand the AI Supercloud.
- **2025-04** — Emerged from stealth as Mike Henry and Tim Harris publicly launched Parasail, positioning it as an AI deployment network with access to a large supply of on-demand GPUs.

## Links

- Website: https://parasail.io
- LinkedIn: https://www.linkedin.com/company/parasail-io
- Twitter/X: https://x.com/parasail_io

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Profile page: https://yespress.io/parasail
Published by YesPress — https://yespress.io
Last updated: 2026-07-11