Daily Crunch: Electric rail vehicle startup Parallel Systems raises a $49.55M Series A

Microsoft’s Xbox One video game console and Activision Blizzard’s Call of Duty: Modern Warfare video game arranged in Denver, Colorado, U.S., on Tuesday, Jan. 18, 2022. Microsoft Corp. agreed to buy Activision Blizzard Inc. in a $68.7 billion deal, uniting two of the biggest forces in video games to create the worlds third-biggest gaming company. Photographer: Michael Ciaglo/Bloomberg via Getty Images