Parabola, a San Francisco, CA-based provider of a collaborative data tool enabling non-technical teams to automate solutions for manual processes, raised $24M in Series B funding.
The round was led by OpenView, with participation from existing investors Matrix and Thrive Capital. Additional new investors included Flexport, Webflow, and the founders of Harry’s, Warby Parker, and Allbirds. OpenView’s Blake Bartlett will join the Parabola Board of Directors.
The company intends to use the funds to expand its product capabilities and grow its team.
Led by Alex Yaseen, Founder and CEO, Parabola provides a solution for businesses of all shapes and sizes to extract, analyze, categorize and experiment with data to solve real use cases, as well as to improve operations, and drive revenue. With collaboration and documentation capabilities, users leverage Parabola’s drag-and-drop interface to access, manipulate, and act on their data, regardless of where it lives.
Parabola serves companies like Flexport, Sonos, Uber Freight and Durex.
FinSMEs
28/06/2023