University Of Michigan-Ann Arbor Awards Financial Services Contract to Parallel Robotics Inc (September 2026)

The University of Michigan approved investment agreements for the Michigan Biomedical Venture Fund to invest in Parallel Robotics, Inc. The University will receive future equity and an option to purchase additional equity.

Document date · September 17, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Investment agreements may be amended by mutual consent, subject to University approval and conflict-of-interest review.

Document type

Minutes

Source document

The University of Michigan Minutes Board of Regents Meeting September 17, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by University Of Michigan-Ann Arbor?

Parallel Robotics Inc was awarded this financial services contract by University Of Michigan-Ann Arbor, as recorded on September 17, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in The University of Michigan Minutes Board of Regents Meeting September 17, 2026 (Minutes), dated September 17, 2026 from University Of Michigan-Ann Arbor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Parallel Robotics Inc hold?

Parallel Robotics Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Parallel Robotics Inc's profile

What is University Of Michigan-Ann Arbor currently buying?

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