Parasail Raises $32 Million to Expand AI Inference Cloud Service

Parasail has secured $32 million in Series A funding to grow its cloud computing platform for AI inference, reports TechCrunch. The company provides on-demand compute for running generative AI models, processing around 500 billion tokens per day.

Founded by Mike Henry, a former Groq executive, Parasail operates across 40 data centers in 15 countries. The company rents and manages GPU capacity through a global network and liquidity markets to reduce the cost of inference workloads. Its service focuses exclusively on inference rather than model training.

The funding round was co-led by Touring Capital and Kindred Ventures. Parasail’s approach targets startups and developers running open-source or hybrid AI models, offering flexible access without long-term commitments. The company’s infrastructure is designed to balance workloads dynamically and maintain low prices by avoiding demand peaks.

Investors expect AI inference to become a significant cost driver in software development, with Parasail aiming to provide an alternative to larger cloud providers and specialized inference competitors.