What is Parsable?
Parsable empowers leaders within the world's largest industrial companies to harness big data and actionable insights, thereby enhancing frontline operations and fostering a more sustainable future. Manufacturers globally depend on Parsable's Connected Worker platform to meticulously track millions of data points from their operational frontline. This provides unparalleled visibility, enabling optimization of productivity and a clear demonstration of return on investment. Headquartered in San Francisco, Parsable also maintains a presence across North America and Europe.
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, Andreessen Horowitz LLC, Subtraction Capital, Lightspeed Venture Partners, Saudi Aramco Energy Ventures, and Kleiner Perkins
Series B (2016): $20M led by SLB, Airbus, and Saudi Aramco Energy Ventures
Series C (2018): $40M supported by Saudi Aramco, Future Fund, Aramco Venture, Lightspeed Venture Partners, Airbus Ventures, and B37 Ventures
Series D (2020): $60M featuring Future Fund, Evolv Ventures, Lightspeed Venture Partners, Saudi Aramco Energy Ventures, Cisco Investments, Alumni Ventures, Glade Brook Capital, Downing, Princeville Capital, B37 Ventures, Honeywell, and Activate Capital
Key Investors in Parsable
Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures (SAEV) is the corporate venturing arm of Aramco Ventures, focused on investing in high-growth companies with technologies strategically important to Aramco, indicating a focus on energy and industrial innovation.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm investing in early and growth-stage technology companies across enterprise software, consumer, and fintech, suggesting a broad interest in scalable tech solutions.
Airbus
Airbus, a leader in aeronautics and space, invests in companies that drive innovation in aerospace and related industrial technologies, aligning with Parsable's focus on optimizing complex operational environments.
What's next for Parsable?
With substantial capital infusion, Parsable is strategically positioned for accelerated growth and expanded market penetration. The company's focus on providing critical data and insights for frontline industrial operations, particularly in manufacturing and sustainability initiatives, suggests a trajectory towards deeper integration with enterprise resource planning (ERP) systems and further development of its AI-driven analytics capabilities. Future investments will likely target enhancing its Connected Worker platform, expanding its global reach, and forging strategic partnerships to solidify its leadership in the industrial digital transformation space.
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