Parallax Announces New CEO Jeff Eckerle as Firm Eyes Expansion

Portfolio - People | Dec 17, 2024 | Rally Ventures Management LLC

Parallax Announces New CEO Jeff Eckerle as Firm Eyes Expansion

Parallax, a tech firm based in Edina, aims to help professional services companies forecast future workloads using advanced technologies. Founded around five years ago by Tom ONeill, Parallax has successfully garnered over 100 customers making efficient use of its predictive services. Jeff Eckerle, who took over as CEO on November 11, is tasked with leveraging his background in project-based accounting to further expand Parallax's customer and investor base. Eckerle believes in the immense opportunity within the Twin Cities' tech scene, especially with the current favor for AI and technological advancement. He advocates for restoring community engagement post-COVID and diversifying Parallax's market focus to make better use of AI and service-oriented technology solutions.

Sectors

  • Technology
  • Artificial Intelligence

Geography

  • United States – Parallax is based in the Twin Cities area in the United States, with the article discussing the local tech scene's evolution and opportunities.

Industry

  • Technology – Parallax operates within the technology industry, focusing on offering forecasting tools to professional services firms.
  • Artificial Intelligence – The article discusses the opportunities AI presents for Parallax, an indication of how integral AI is to the company's strategic direction.

Financials

  • $24.5 million – Total amount of funding raised by Parallax to date.

Participants

NameRoleTypeDescription
ParallaxTarget CompanyCompanyA tech firm that focuses on helping professional services companies forecast future workloads and make data-driven decisions.
Rally Ventures Management LLCInvestorCompanyA venture capital firm that has invested in Parallax.
Jeff EckerleCEOPersonThe newly appointed CEO of Parallax, responsible for leading the next phase of growth and innovation.
Tom ONeillFounderPersonThe founder of Parallax, previously served as CEO.
Justin KaufenbergPartnerPersonA partner at Rally Ventures who played a key role in bringing Jeff Eckerle to Parallax.