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press release
Partnership provides accelerator startups with infrastructure capabilities to focus on product innovation
Chicago, IL – February 9, 2026 – Parallel Works and Tesoro VC announced a strategic ecosystem partnership designed to accelerate innovation at the intersection of AI, semiconductors, and high-performance computing.
Through this collaboration, Tesoro VC's accelerator startups gain access to Parallel Works' ACTIVATE™ control plane, enabling them to manage and scale HPC and GPU resources across hybrid multi-cloud environments. The partnership provides early-stage companies with infrastructure capabilities while allowing development teams to concentrate on product innovation rather than platform management.
The arrangement includes cost controls, repeatable workflows, and shared best practices for startups pursuing demanding workloads in semiconductor design, AI model training, and complex simulations.
"By combining HPC and GPU infrastructure with technical enablement, this partnership helps accelerator startups move from experimentation to real-world application faster," said Matthew Shaxted, founder and CEO, Parallel Works.
"Parallel Works brings unique capabilities that supercharge the design and simulation needs of accelerated startups," said Andy Lombard, founder and managing partner, Tesoro VC.
About Tesoro VC
Tesoro VC is an AI + Semiconductor Accelerator and Venture Fund based in Phoenix, Arizona, providing capital, technical resources, and end-to-end pathways for startups from design through manufacturing.
About Parallel Works
Parallel Works ACTIVATE is a leading hybrid multi-cloud computing control plane, empowering teams with seamless provisioning, management, and sharing of compute resources at scale across on-premises and cloud environments with advanced cost control and budgeting features. ACTIVATE facilitates collaborative research and enhances productivity through intuitive interfaces and API-driven processes, enabling the operating system for complex enterprise computing environments. For more information, visit Parallel Works at parallelworks.com.
Parallel Works, ACTIVATE and the Parallel Works logo are trademarks of Parallel Works, Inc. All other trademarks used herein are the property of their respective owners. ©2026 Parallel Works, Inc. All rights reserved.
Press Contact Details
IGNITE Consulting, on behalf of Parallel Works Kim Pegnato | 781-835-7118 | parallelworks@igniteconsultinginc.com