Singapore, 14 October 2026: Parallel Loop, an AI operating partner for mid-market and large enterprises, formally launched with US$6.6 million in Seed funding led by 3one4 Capital. The company was founded in June 2026 by Prateek Jogani and Yujun Chean, and it already supports more than 10 clients across industries and geographies. Its teams operate from Singapore, Bengaluru, Bangkok, London, and Dubai.
Closing the Enterprise AI Capability Gap
AI has made individuals faster, but scaling that productivity into a durable enterprise capability remains difficult. The decisions, rules, definitions, and know-how that make a company work are spread across systems, meetings, email, messaging tools, and individual teams. Parallel Loop connects AI to that context so clients can serve customers in new ways, enter new markets, and run operations at a different speed.
An AI Operating Partner with Three Connected Capabilities
AI Enablement works with leadership teams to identify high-value AI opportunities, define roadmaps, and build practical internal capability. The AI Stack is a secure, governed, and modular layer that joins existing systems with organizational context and powers everything from instant live dashboards to end-to-end deterministic workflows. The Software Factory uses forward-deployed engineers and AI agents to modernize critical legacy systems and build new applications in a fraction of the usual time.
Sovereign AI Inside the Client Environment
Many enterprises now want sovereign AI, with control over where data, context, and AI workloads sit and who can access them. The Parallel Loop AI Stack runs in the client's own cloud environment or on-premises, with data residency set to the client's requirements. It works with multiple model providers, including open-weight models, keeps an audit trail of prompts and actions, and ensures clients retain ownership of their data and context.
Founders with Experience Building at Scale
Prateek Jogani and Yujun Chean have worked together for nearly a decade and co-founded FairDee, a Thai insurtech later acquired by Qoala. At Qoala, Prateek was Group Chief Technology Officer and Yujun was Group Chief Operating Officer, and the platform processed millions of policies a month while raising more than US$130 million. Prateek's AI programs for leaders showed that only a few firms were building the systems and context needed to sustain AI gains.
Investor Backing
The Seed round was led by 3one4 Capital, with participation from Picus Capital, Flourish Ventures, Economic Development Innovations Singapore, Vijay Shekhar Sharma, Kunal Shah, and Philip Yeo. Anurag Ramdasan, Partner at 3one4 Capital, said that enterprises now carry so much complexity across their tech stacks and processes that AI transformation has become a domain-led challenge. He added that Parallel Loop has demonstrated real momentum by closing enterprise deals and expanding accounts across multiple geographies.
Early Enterprise Adoption
Parallel Loop's client base includes Licious and Havells in India and Tokio Marine Safety Insurance in Thailand, supported by a team of 30 across multiple regions. Havells India President and CIO Pramod said the company now has several hundred employees using Parallel Loop as their everyday AI platform for workflows, automations, and dashboards. He added that AI-powered insights are modernizing how sales colleagues collaborate with channel partners and serve customers.
Parallel Loop's formal launch marks a shift from isolated AI tools toward structured, enterprise-wide AI capability. By combining sovereign infrastructure, forward-deployed engineering, and leadership alignment, the company aims to help organizations turn abundant intelligence into tangible business outcomes. Early deployments at companies such as Havells and Tokio Marine suggest that demand for this operating partner model is already building.