Parallel Works Market Research Report

Company Overview

Company Name

Parallel Works Inc.

Mission

Parallel Works is driven by a mission to accelerate innovation with computing and enabling customers to compute to compete.

Founding Information

Founding Year: 2015

Founded By: Out of Argonne National Laboratory

Early Investment: Chicago Innovation Fund

Key People

Key Leader: Michael Wilde, Founder and CEO

Other Notables: Matthew Shaxted, CEO (Noted in press releases)

Headquarters

222 Merchandise Mart Plz, Suite 1212, Chicago, IL 60654

Number of Employees

No information is available.

Revenue

No information is available.

Core Competency

Parallel Works is known for its premier HPC & AI control plane, ACTIVATE, designed to empower computing practitioners and R&D teams with seamless provisioning, management, and sharing of computing resources across on-premises, cloud, and hybrid environments.

Products

Product Offering: ACTIVATE

High-Level Description: ACTIVATE is the premier HPC & AI control plane that simplifies the configuration, access, and management of computing resources located on-premises and any major cloud.

Specialized Modules:

1. Control

Features: Administer and monitor HPC & AI control plane with a unified interface and API to manage and share diverse computing resources securely.

2. Cluster

Features: Create and manage elastic HPC & AI clusters across multiple cloud providers, ensuring uniformity and security compliance.

3. Access

Features: Access compute clusters via notebooks, browsers, and virtual desktops to run diverse applications interactively like JupyterLab and ParaView.

4. Workflow

Features: Configure, run, and scale automated workflows and scripted solutions across remote clusters with simplified, shareable, and scalable forms and APIs.

Key Features of ACTIVATE:

Simplified user interface for easy migration between clouds.

Advanced cost control and budgeting.

Enhanced productivity with intuitive interfaces and API-driven processes.

Security compliance out of the box.

Integration with key technology partners.

Recent Developments

New Product Launches:

ACTIVATE: Launched on July 31, 2024, ACTIVATE is a unified AI and HPC control plane aimed at simplifying the configuration, access, and management of compute resources for AI model training, complex simulations, and research.

New Features Added:

Enhanced components including:

Cluster: Security-compliant HPC & AI clusters in the cloud.

Access: Cluster access via notebooks, browsers, and virtual desktops.

Workflow: Automated, scalable workflows on and across remote clusters.

Control: Web-based UI and API for resource interaction and security compliance.

New Partnerships:

Department of Defense (DoD): The DoD’s Defense Innovation Unit (DIU) and High-Performance Computing Modernization Program selected Parallel Works to deploy ACTIVATE for integrating cloud-based HPC assets with existing supercomputing resources.

Albert Einstein College of Medicine: Uses ACTIVATE for biomedical research with environments for general use and high-security environments for sensitive data protection.

National Weather and Water Organizations: Utilizes ACTIVATE for developing and enhancing forecast models with cloud-based resources integrated with on-premises supercomputers.

Press Coverage:

BusinessWire: Launch announcement and product details (July 31, 2024).

Yahoo! Finance: Product details and capabilities (July 31, 2024).

HPCwire: Details of ACTIVATE for unified AI and HPC Management (July 31, 2024).

Significant Achievements:

FLC Recognition: Argonne and Parallel Works won recognition for commercializing machine learning-based design optimization software technology (September 23, 2021).