AI cloud startup Parasail has raised $32 million in its Series A funding round.

The round was led by Touring Capital and Kindred Ventures, with participation from others, including Samsung Electronics' investment arm.

The company describes itself as an AI deployment network offering that connects multiple GPU cloud providers. Parasail connects companies to GPUs and, via its orchestration engine, automatically matches workloads across a GPU network.

This enables customers to buy GPU capacity on a pay-per-token basis without long-term contracts.

The platform is focused on inference only, and does not serve training workloads.

Currently, the newest GPU chip offered by Parasail is the Nvidia H200. The company claims to have access to GPUs in some 40 data centers in 15 countries, as well as hosting and operating its own GPU clusters. Previously, the company told DCD that they have access to "more on-demand capacity than Oracle's entire GPU fleet."

The new capital will be used to enhance Parasail's inference optimization features, strengthen its partner ecosystem, and invest in go-to-market plans, reports SiliconAngle.

“AI is becoming the core infrastructure for modern software. But the infrastructure layer itself hasn’t kept up,” said Parasail founder and CEO Mike Henry. “We built Parasail so teams can deploy custom AI at massive scale without negotiating contracts, managing fragmented GPU supply, or hiring performance engineering teams.”

Kindred Ventures, co-leader of the latest funding round, told TechCrunch that he believes Parasail's business model will become essential for the widespread use of AI models: "Everyone thought there was an AI bubble. There’s no AI bubble. Inference demand is far outstripping supply.”

Henry, prior to founding Parasail, was an executive at chip company Groq, where he helped develop the company's cloud offering. He also founded AI hardware company Mythic.

Parasail launched in April 2025 with $10m in Seed Funding. That round was led by Basis Set Ventures, Threshold Ventures, Buckley Ventures, and Black Opal Ventures.