Parsable Raises $60M in Series D Funding
Parsable, the connected worker platform company, raised $60m in Series D funding.
The round, which brings total funding raised to date in excess of $133m, was co-led by new investors Activate Capital and Glade Brook Capital Partners with participation from new investors Alumni Ventures Group, Cisco Investments, Downing Ventures, Evolv Ventures and Princeville Capital and existing 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.
“Despite these uncertain times, achieving this amount of funding proves that forward-thinking companies and the investment community are bullish about the criticality of human industrial workers in the world economy. Empowering frontline workers with modern, accessible yet powerful digital tools to increase safety, performance and quality is essential to the long-term resilience and flexibility of our supply chains,” said Lawrence Whittle, Parsable CEO.
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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