Parsable Raises $60 Million, Taking Total Funding to $133 Million to Accelerate Connected Work at Enterprise Scale
Market-leading provider of the Connected Worker™ Platform is digitally transforming industrial frontline teams at the world's largest companies
Parsable, the Connected Worker Platform company, announced it has raised $60 million in a Series D round. With this new funding, Parsable will be able to accelerate its growth including Asia, EMEA and Latin America; invest in its rapidly expanding network of global partners and integrations; and further deepen the enterprise depth and capabilities of its platform, with the ultimate goal of increasing safety, productivity and quality output for essential industrial frontline workers.
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New investors Activate Capital and Glade Brook Capital Partners co-led the round. New investors Alumni Ventures Group, Cisco Investments, Downing Ventures, Evolv Ventures and Princeville Capital also participated. The round also includes broad support from existing financial investors Lightspeed Venture Partners, Future Fund and B37 Ventures, as well as continuing strategic investments from the investment groups at Honeywell and Saudi Aramco Energy Ventures. This latest round brings Parsable’s total funding to date in excess of $133 million.
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This level of investment is a testament to the market opportunity and a validation that Parsable’s highly secure, enterprise-scale platform approach is what the market desires as opposed to using point solutions.
The Parsable Connected Worker Platform provides modern digital tools that help connect frontline workers to the experts, information, systems and machines necessary to drive safety, productivity and quality in industrial and manufacturing operations.
Parsable customers include iconic companies such as Corteva Agriscience, Grupo Bimbo, Georgia-Pacific, Henkel, Shell, Suntory and Yara, in addition to many other leading global producers in consumer packaged goods (CPG) manufacturing, paper and packaging, transportation, and energy. The company’s Connected Worker Platform is globally deployed and has users in more than 130 countries, and is available in 14 languages.
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