We extend the Soft Linear Logic of Lafont with a new kind of modality, called parallel. Contractions on parallel modalities are only allowed in the cut and the left rules, in a controlled, uniformly distributive way. We show that SLL, extended with this parallel modality, is sound and complete for PSPACE. We propose a corresponding typing discipline for the λ-calculus, extending the STA typing system of Gaboardi and Ronchi, and establish its PSPACE soundness and completeness. The use of the parallel modality in the cut-rule drives a polynomial-time, parallel call-by-value evaluation strategy of the terms.