Parallax

Parallax

A platform to help digital service companies manage their operations more efficiently and profitably.

HQ location
Minneapolis, United States
Launch date
Employees
Enterprise value
$48—72m
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DateInvestorsAmountRound
-investor investor investor

€0.0

round
N/A

€0.0

round
investor investor investor

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round
*

$12.0m

Series B
Total Funding000k
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More about Parallax
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Parallax is a strategic operations solution designed to assist digital service organizations with forward-looking resource planning and capacity forecasting. The company aims to disrupt traditional agency operations by providing tools that enhance utilization, improve margins, and streamline operations. Parallax's unique selling point is its ability to integrate with existing tools, eliminating the need for a complete system overhaul and ensuring a swift implementation process.

The company's primary market is digital service organizations, including digital agencies. Parallax's business model is centered on providing these organizations with insights into past, present, and future utilization, revenue, and project risk. This information allows businesses to make informed decisions, evolve strategies, and gain clarity on team performance and project support.

Parallax's revenue is likely generated through a subscription-based model, where clients pay a recurring fee for access to the platform and its features. The company promises significant measurable impact for its clients, including an increase in billable hours, revenue per billable employee, and profit margin.

The company's solution is designed to be implemented quickly, with full implementation promised within 90 days. This is a significant advantage over legacy Professional Services Automation (PSA) tools, which can take between 12-18 months to implement and adopt.

Keywords: Strategic Operations Solution, Digital Service Organizations, Resource Planning, Capacity Forecasting, Utilization Enhancement, Margin Improvement, Tool Integration, Informed Decision Making, Subscription-Based Model, Quick Implementation.

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