There is more than one band with this name:

1.) Parachute was founded as a project in 2000 in Germany, focussing on ambient, drone, experimental and space sounds, and processed music, their musical roots are resulting out of krautrock, ambient, minimal drones, and soundscapes like Thomas Köner and earlier electronic music like Morton Feldmann, Klaus Schulze, John Cage etc… Group members are c_drive and triPhaze. The official site of Parachute is at the privatelektro record label.