Parsable, a San Francisco, CA-based 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. In conjunction with the funding, David Lincoln, managing partner, Activate Capital, will join Parsable’s board of directors, along with Paul Hudson, founding partner and chief investment officer, Glade Brook Capital Partners. Lorrissa Horton, vice president and general manager of WebEx Teams at Cisco, will join as an observer on the Parsable board of directors.
The company intends to use the funds to accelerate its growth including Asia, EMEA and Latin America, invest in its network of global partners and integrations, and further deepen the enterprise depth and capabilities of its platform.
Led by Lawrence Whittle, CEO, Parsable provides the Connected Worker Platform, which enables employees to collaboratively execute their work using digital work instructions on mobile devices. In addition to measuring every step and action, workers can raise issues and provide feedback in real time so that every process is quickly analyzed and improved. With Parsable, companies gain visibility into their operations, uncover detailed data about their work processes for continuous improvement, and attract new talent.
Customers include such companies 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 platform is globally deployed and has users in more than 130 countries, and is available in 14 languages.
FinSMEs
11/08/2020