# Parabola Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parabola-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.parabola.io
- Total disclosed funding: $34M
- Latest round: Series B (Jun 28, 2023)
- Investors on record: 9

## About

Parabola Labs, Inc. is a US-based company that specializes in AI-powered workflow automation, facilitating the streamlining of complex data processes for businesses across various sectors.Founded in 2015 in San Francisco, US, Parabola Labs, Inc. develops an automation platform that helps organizations manage data workflows efficiently. The founders include Albert López, Alex Yaseen, Jorge Cardeñosa, Lorna Mountford, and Marcos Cifuentes. In June 2023, the company raised USD 24.00 mn in Series B funding led by OpenView Venture Partners, with a total amount raised of USD 24.00 mn and a current valuation of USD 91.046 mn. The company has participated in 4 funding deals, with the latest being on June 28, 2023.Parabola's core product is an AI-powered workflow automation platform that simplifies complex data processes traditionally handled manually. This platform automates tasks such as inventory reconciliation and vendor compliance, addressing supply chain challenges. Its services cater to retail, e-commerce, logistics, and financial firms, focusing on transforming messy data from diverse sources into structured information that aids decision-making.Parabola's revenue model relies on tiered subscription plans tailored to different organizational needs, allowing businesses to access automation tools on a recurring basis. The company serves a wide range of clients from retail to logistics and financial services, enabling them to automate their processes and reduce manual workloads.Following the Series B funding round on June 28, 2023, Parabola Labs, Inc. plans to focus on product research and development while expanding its team. The funding will also support the launch of new products aimed at improving data automation solutions. Additionally, the company is targeting expansion into new markets within North America and Europe to capitalize on the increasing demand for automated data processes.

## Funding rounds

- Series B, Jun 28, 2023, $24M — Matrix Partners, OpenView, Merus Capital, Thrive Capital, Abstract Ventures, Otherwise Fund, Good Friends, Flexport, Inc
- Series A, Aug 11, 2020, $8M — Matrix Partners, Thrive Capital
- Seed, May 22, 2018, $2.2M — Matrix Partners, Merus Capital, AngelPad, Abstract Ventures

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed, Series A, Series B
- Merus Capital — Seed, Series B
- AngelPad (https://capitalatlas.ai/funds/angelpad) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed, Series B
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A, Series B
- OpenView (https://capitalatlas.ai/funds/openview) — Series B
- Otherwise Fund (https://capitalatlas.ai/funds/otherwise-fund) — Series B
- Good Friends — Series B
- Flexport, Inc — Series B