Fundz

Parabola Raises $8 Million to Enable Everyone to Automate Repetitive Data Tasks, No Coding Required

PRIVATEAug 11, 2020

Amount Raised

$8 Million

Round Type

Funding Round

San FranciscoSoftwareEnterprise SoftwareAnalyticsSaaS

Description

Parabola, the company that enables everyone to automate their repetitive data tasks, today announced that it has raised $8 million in Series A funding. Matrix Partners led the round with participation from Thrive Capital, Elad Gil, additional angels as well as the company’s previous investors. Matrix General Partner Ilya Sukhar joined the company’s board of directors. Funds will be used to hire engineering and design talent to accelerate product development and incorporate new integrations that will make the platform even more powerful for its tens of thousands of users

Quick answer

Parabola raised $8 Million in a Funding Round round, dated August 11, 2020. Parabola is based in San Francisco, California, United States.

How much did Parabola raise?
Parabola raised $8 Million in a Funding Round round on August 11, 2020.
What does Parabola do?
Parabola is transforming the way companies operate by empowering non-technical teams to automate complex data processes with ease.
Where is Parabola based and how big is it?
Parabola is based in San Francisco, California, United States.
Who are the decision-makers at Parabola?
Fundz holds 1 contact at Parabola. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Enterprise Software and Analytics around the same time

Companies in the same sectors as Parabola that raised within 45 days of this round, from Fundz verified event records.

  • Rev.I raised an undisclosed amount (Private Equity) on September 8, 2020.
  • Quantexa raised $64M (Series C) on July 23, 2020.
  • Phunware raised $22M on July 22, 2020.
  • ARInsights raised an undisclosed amount (Corporate Round) on September 22, 2020.
  • Glider AI raised an undisclosed amount on September 17, 2020.
  • Gappify, Inc. raised $122K (Pre-Seed) on August 21, 2020.

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Company Information

Company

Parabola

Location

San Francisco, California, United States

About

Parabola is transforming the way companies operate by empowering non-technical teams to automate complex data processes with ease. With powerful 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. By empowering teams to solve the problems they’re already experts on, Parabola helps businesses of all shapes and sizes improve operations, drive revenue, and ultimately operate with excellence. Parabola is proud to serve companies like Flexport, Sonos, Uber Freight and Durex and is backed by OpenView Partners, Matrix Partners, Thrive Capital and many other amazing investors.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.