# Parsable

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parsable

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.parsable.com/
- Total disclosed funding: $128M
- Latest round: Series D (Aug 11, 2020)
- Investors on record: 21

## About

Parsable, Inc. is a US-based company specializing in connected worker solutions that improve productivity and operational efficiency in industrial and manufacturing sectors through innovative software.Founded in 2013 and headquartered in San Francisco, US, Parsable, Inc. provides solutions for operational efficiency in industrial environments. The founder, Ryan Junee, has a history of innovation in technology. Parsable has raised USD 60.00 mn in Series D funding as of August 11, 2020, from a mix of new and returning investors, making it a target for significant investment in the tech space.Parsable specializes in connected worker solutions designed to enhance productivity and operational efficiency within industrial and manufacturing environments. The company’s core product, the Parsable Connected Worker® Software, equips frontline workers with digital tools to create, manage, and distribute work instructions globally. This platform allows users to capture and analyze work execution data in real-time, enabling organizations to identify and rectify operational inefficiencies. Parsable’s offerings target manufacturing and industrial sectors, with a diverse customer base that includes industry leaders such as Grupo Bimbo and Conagra Brands. The software is designed for use in various geographical markets, including North America, Europe, and Latin America, focusing on facilitating collaboration among teams, automating routine processes, and ensuring compliance with safety and operational standards.Parsable generates revenue primarily through subscription-based models for its software solutions, which are typically structured as annual agreements with clients. Businesses engage with Parsable for digital transformation services, allowing them to integrate connected workflows into their operations. The transactional framework often involves direct B2B interaction, with manufacturing companies subscribing to the Parsable Connected Worker® Software to streamline their processes. This service provides critical insights that help reduce downtime and enhance productivity, creating a strong value proposition for clients. Specific pricing details and tiered subscription plans are tailored to meet the varying needs of their clients but are not disclosed in public domains.In August 2020, Parsable, Inc. raised USD 60.00 mn in Series D funding, co-led by new investors Activate Capital and Glade Brook Capital Partners, with additional participation from various investors. The funding will support the development of upcoming products aimed at enhancing their software offerings and will facilitate expansion into new markets. Parsable aims to grow its presence in North America, Europe, and Latin America, further refining its connected worker solutions by improving user experience and operational capabilities.

## Funding rounds

- Series D, Aug 11, 2020, $60M — Lightspeed Venture Partners, Honeywell International Inc., Aramco Ventures, Cisco Investments, Alumni Ventures Group, Glade Brook Capital Partners, Future Fund, Princeville Capital, Activate Capital, Heinz Ventures, Downing, B37 Ventures-
- Series C, Apr 27, 2018, $40M — Lightspeed Venture Partners, Future Fund, Aramco Ventures, B37 Ventures, Airbus Ventures
- Series B, Jun 21, 2016, $20M — SLB, Aramco Ventures, Airbus Ventures
- Seed, Aug 20, 2014, $7.9M — Kleiner Perkins, Lightspeed Venture Partners, First Round Capital, GV, Andreessen Horowitz, Initialized Capital, Aramco Ventures, Subtracted Capital

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series C, Series D
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- GV (https://capitalatlas.ai/funds/gv) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Seed, Series B, Series C, Series D
- Subtracted Capital — Seed
- SLB — Series B
- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Series B, Series C
- Future Fund — Series C, Series D
- B37 Ventures (https://capitalatlas.ai/funds/b37-ventures) — Series C
- Honeywell International Inc. — Series D
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series D
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series D
- Glade Brook Capital Partners (https://capitalatlas.ai/funds/glade-brook-capital-partners) — Series D
- Princeville Capital (https://capitalatlas.ai/funds/princeville-capital) — Series D
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series D
- Heinz Ventures (https://capitalatlas.ai/funds/heinz-ventures) — Series D
- Downing (https://capitalatlas.ai/funds/downing) — Series D
- B37 Ventures- — Series D