What is Parsable?
Parsable provides a sophisticated Connected Worker platform designed to empower industrial organizations by digitizing frontline workflows. By capturing millions of data points, the platform enables manufacturers to gain unprecedented visibility into their operations, thereby optimizing productivity and enhancing safety protocols. Positioned at the intersection of Industry 4.0 and enterprise software, Parsable serves as a critical infrastructure layer for global industrial giants seeking to improve operational ROI and sustainability. The company maintains a robust presence across North America and Europe, reflecting its global scalability and commitment to transforming the industrial workforce through actionable insights.
How much funding has Parsable raised?
Parsable has raised a total of $127.9M across 4 funding rounds:
Series A
$7.9M
Series B
$20M
Series C
$40M
Series D
$60M
Series A (2014): $7.9M with participation from First Round Capital, Lightspeed Venture Partners, Kleiner Perkins, Subtraction Capital, Andreessen Horowitz LLC, and Saudi Aramco Energy Ventures
Series B (2016): $20M led by SLB, Airbus, and Saudi Aramco Energy Ventures
Series C (2018): $40M supported by Saudi Aramco, Future Fund, Airbus Ventures, B37 Ventures, Aramco Venture, and Lightspeed Venture Partners
Series D (2020): $60M featuring Downing, Alumni Ventures, Lightspeed Venture Partners, Saudi Aramco Energy Ventures, B37 Ventures, Future Fund, Princeville Capital, Honeywell, Evolv Ventures, Activate Capital, Cisco Investments, and Glade Brook Capital Partners
Key Investors in Parsable
Lightspeed Venture Partners
A global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure.
Saudi Aramco Energy Ventures
The corporate venturing program of Aramco Ventures, focusing on global investments in high-growth companies with technologies of strategic importance to the energy and chemicals sector.
Kleiner Perkins
A prominent Menlo Park-based venture capital firm that backs founders across consumer, enterprise, healthcare, and climate/hard tech sectors from seed through IPO.
What's next for Parsable?
With the support of major strategic backers, Parsable is well-positioned to deepen its penetration into the global manufacturing market. The company's trajectory, marked by consistent growth from its Series A through its most recent Series D, indicates a transition toward market dominance in the industrial software space. Future strategic initiatives will likely focus on expanding the platform's analytical capabilities, integrating advanced AI-driven predictive maintenance features, and scaling its footprint within the energy and aerospace sectors. As industrial companies continue to prioritize digital resilience, Parsable's role as a foundational technology partner is expected to solidify, driving long-term value for its stakeholders and industrial clients alike.
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