AI Veterans Mike Henry and Tim Harris Launch Parasail, the First AI Deployment Network With Access to the Largest Supply of On-Demand GPUs

Yahoo

02-04-2025

Dozens of the fastest-growing AI-native companies are running billions of tokens on Parasail's AI Deployment Network—accessing more true on-demand capacity than Oracle's entire cloud—at 15-30x lower cost.
SAN FRANCISCO, April 02, 2025--(BUSINESS WIRE)--Parasail today introduced the first AI Deployment Network, giving AI companies fast, scalable, and cost-efficient access to compute and the latest cutting-edge AI models. Parasail provides the largest truly on-demand GPU compute supply, aggregating top-tier hardware—including H100s, H200s, A100s, and 4090s—and optimizing AI workloads so companies can experiment, deploy and scale fast, without complexity or constraints.
Parasail connects companies to a massive, contract-free fleet of high-performance GPUs and allows them to scale from zero to enterprise workloads at record speed. Beyond access to compute, companies also need optimal performance. Parasail's orchestration engine automatically matches workloads across a global GPU network for the best performance and cost, solving the permutation problem and eliminating the complexity of workload management. Its plug-and-play inference ensures workloads run only when needed, minimizing idle costs.
"Most cloud providers make the false promises of on-demand compute, and they fail to deliver on that promise," said Mike Henry, Founder and CEO of Parasail. "In reality, legacy cloud providers use small amounts of compute capacity to lure customers into long-term contracts. At Parasail we are providing the first real-time, true on-demand access to massive compute without the hidden constraints."
Parasail is founded by AI veterans Mike Henry and Tim Harris. Henry has spent his career building AI infrastructure and high-performance computing solutions, founding Mythic in 2012, an early AI hardware company that raised $165M in venture capital, and later served as Interim Chief Product Officer at Groq, where he helped launch a successful LLM cloud service. Co-founder Tim Harris is CEO of Swift Navigation, a key player in early autonomous vehicles with $250M in capital raised. Parasail is backed by $10M in Seed funding by Basis Set Ventures, Threshold Ventures, Buckley Ventures and Black Opal Ventures.
"Legacy cloud providers weren't built for AI, making it difficult and expensive for AI-native companies to access the compute they need. Parasail's deployment network gives teams fast, affordable access to high-performance infrastructure—so they can focus on building and shipping breakthrough AI products," said Tim Harris, Co-Founder of Parasail.
Parasail's AI Deployment Network allows companies to deploy production-ready endpoints to dozens of GPUs within hours, with minimal setup—enabling inference in minutes and accelerating complex AI workflows. Companies migrating from OpenAI or Anthropic can reduce costs by 15-30x. On top of that, Parasail delivers an additional 2-5x cost advantage over other open-source providers.
Companies achieving more efficient deployments with Parasail:
Elicit scaled scientific paper screening with real-time processing. "Elicit is using LLMs to screen more than 100,000 scientific papers each day, but the cost of high-quality real-time processing was prohibitive. Parasail was essential for removing this bottleneck," said Andreas Stuhlmüller, CEO of Elicit. "Working with Mike and the Parasail team has been refreshingly straightforward. They're responsive, technically excellent, and helped us get high-throughput screening into production with minimal engineering overhead. We're already exploring the next use case for their platform."
Rasa improved real-time model deployment in Europe. "We needed to deploy our custom model quickly and cost-effectively. Parasail got us up and running in no time. Their team responded immediately to our request for lower latency in Europe, setting up an endpoint that improved user experience for our customers," said Alan Nichol, Co-Founder and CTO of Rasa. "The economics were so favorable that we could make our tutorial model publicly accessible for free without asking customers to enter API keys or credit cards."
Everpilot slashed inference costs by 10X. "Parasail's inference pricing is the lowest I've seen, and they made it effortless to run open-source models as if they were hosted by Big Tech. I had to read the quote three times to believe it," said Ted Benson, Founder and CEO of Everpilot.
Weights & Biases needed DeepSeek capacity, fast. "Parasail moved at lightning speed to get us set up with massive DeepSeek capacity and top-shelf throughput. They will give you the latest and greatest faster than anyone else," said Shawn Lewis, CTO of Weights & Biases.
Oumi streamlined dataset generation with batch processing. "Parasail's batch processing made it much easier to generate millions of responses for dataset building and research. It saved significant time and effort compared to managing individual requests with retries and rate limits," said Oussama Elachqar, Co-Founder of Oumi.
The Future of AI Compute is Open
AI infrastructure is shifting toward open-source AI, multi-supplier aggregation, and compute network solutions. Parasail is leading this transformation, providing scalable, affordable, and flexible AI infrastructure.
"The future of AI infrastructure isn't about a single cloud provider—it's about an interconnected network of high-performance compute providers," said Henry. "Parasail is making that future a reality today."
About Parasail:
Parasail lets AI builders experience AI on demand. Parasail's AI Deployment Network offers a new compute grid, connecting companies to the best infrastructure for their workloads—without complexity, or vendor lock-in—enabling open, customizable, and scalable deployments. With Parasail, companies achieve faster, cost-efficient AI processing without rate limits. For more, visit: https://www.parasail.io/
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