What is Parsable?
Parsable is a technology company dedicated to empowering leaders within the world's largest industrial organizations. Its Connected Worker platform is designed to unlock critical big data and insights, thereby enhancing frontline operations and fostering a more sustainable future. Manufacturers worldwide depend on Parsable to meticulously track millions of data points from their operational frontline, gaining unprecedented visibility to optimize productivity and drive return on investment. Headquartered in San Francisco, Parsable also maintains a presence across North America and Europe, reflecting its global reach and operational scope.
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 Saudi Aramco Energy Ventures, Kleiner Perkins, First Round Capital, Lightspeed Venture Partners, Andreessen Horowitz LLC, and Subtraction Capital
Series B (2016): $20M led by Airbus, Saudi Aramco Energy Ventures, and SLB
Series C (2018): $40M supported by Lightspeed Venture Partners, B37 Ventures, Saudi Aramco, Future Fund, Aramco Venture, and Airbus Ventures
Series D (2020): $60M featuring Glade Brook Capital Partners, Future Fund, Honeywell, Activate Capital, B37 Ventures, Cisco Investments, Alumni Ventures, Downing, Saudi Aramco Energy Ventures, Evolv Ventures, Lightspeed Venture Partners, and Princeville Capital
Key Investors in Parsable
Lightspeed Venture Partners
Lightspeed Venture Partners (lsvp.com) is a global multistage venture capital firm that invests in early and growth-stage technology companies across various sectors, including enterprise software and infrastructure.
Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures (SAEV) is the corporate venturing program of Aramco Ventures, investing globally in start-up and high-growth companies with technologies of strategic importance to Aramco.
Future Fund
Future Fund was established in 2006 to invest for the benefit of future generations of Australians, helping to meet unfunded public sector superannuation liabilities.
What's next for Parsable?
With a substantial enterprise-level funding injection, Parsable is strategically positioned for accelerated growth and market expansion. The recent major strategic investment signals a commitment to further developing its Connected Worker platform and broadening its reach within the industrial sector. This capital infusion will likely fuel advancements in data analytics and operational efficiency tools, enabling Parsable to solidify its leadership in providing actionable insights for frontline operations. The company's trajectory suggests a focus on scaling its enterprise solutions and deepening its impact on sustainability initiatives within large industrial companies.
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