What is Parsable?
Parsable provides a sophisticated Connected Worker platform designed to bridge the gap between frontline industrial operations and digital enterprise systems. By enabling manufacturers to capture millions of data points, the platform facilitates real-time visibility, operational efficiency, and significant ROI improvements. Headquartered in San Francisco, the company serves as a vital partner for the world's largest industrial organizations, helping them digitize complex workflows, improve safety, and drive sustainable productivity. Its market position is defined by its ability to integrate seamlessly into existing industrial ecosystems, transforming traditional manual processes into agile, data-rich digital operations.
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, Saudi Aramco Energy Ventures, Kleiner Perkins, Andreessen Horowitz LLC, Subtraction Capital, and Lightspeed Venture Partners
Series B (2016): $20M led by SLB, Saudi Aramco Energy Ventures, and Airbus
Series C (2018): $40M supported by Saudi Aramco, Future Fund, B37 Ventures, Aramco Venture, Airbus Ventures, and Lightspeed Venture Partners
Series D (2020): $60M featuring Downing, Future Fund, Glade Brook Capital, Saudi Aramco Energy Ventures, Princeville Capital, Lightspeed Venture Partners, B37 Ventures, Honeywell, Activate Capital, Cisco Investments, Alumni Ventures, and Evolv Ventures
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, focused on investing globally in high-growth companies with technologies of strategic importance to the energy and chemicals sector.
Andreessen Horowitz LLC
A prominent private American venture capital firm that provides capital and strategic support to both early-stage startups and established growth-stage technology companies.
What's next for Parsable?
With the support of its latest strategic financing, Parsable is well-positioned to scale its operations and deepen its penetration into the global industrial market. The company is expected to focus on expanding its platform capabilities, particularly in areas of predictive analytics and automated compliance, to meet the evolving needs of its enterprise-level clientele. By leveraging the deep industry expertise of its strategic backers, Parsable will likely continue to refine its product-market fit, focusing on high-growth sectors such as aerospace, energy, and advanced manufacturing. The focus remains on cementing its role as the standard-bearer for the digital frontline, ensuring that industrial leaders can maintain competitive advantages through superior operational intelligence and workforce connectivity.
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