Parabola

Parabola

Automates workflows for eCommerce businesses

About Parabola

Simplify's Rating
Why Parabola is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consumer Software

Enterprise Software

Consumer Goods

Company Size

51-200

Company Stage

Series B

Total Funding

$34.3M

Headquarters

San Francisco, California

Founded

2017

Overview

Parabola automates complex workflows for eCommerce and retail businesses, allowing users to convert manual processes into automated flows for improved efficiency and scalability. Its main product is a no-code tool that enables users to create detailed workflows without any coding knowledge. This tool is particularly effective for tasks like real-time inventory updates, generating packing lists, and creating order forecasts. Parabola caters to a diverse clientele, from small online retailers to large eCommerce platforms, and operates on a subscription-based model with different pricing tiers based on workflow complexity and volume. The platform also supports API integrations, facilitating smooth data transfer and enhancing its functionality. Parabola's goal is to streamline operations for businesses in the retail and eCommerce sectors, making their processes more efficient.

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Simplify's Take

What believers are saying

  • Parabola raised $24 million in Series B funding to expand product capabilities.
  • Growing demand for no-code platforms empowers non-technical teams to automate processes.
  • Expansion of API integrations enhances Parabola's functionality and data transfer capabilities.

What critics are saying

  • Increased competition from no-code platforms like Zapier could threaten Parabola's market share.
  • Economic downturns in eCommerce may reduce spending on automation tools, impacting revenue.
  • Reliance on third-party API integrations poses risks if external services change terms.

What makes Parabola unique

  • Parabola offers a no-code tool for automating complex workflows without coding skills.
  • The platform integrates with various APIs for seamless data transfer and functionality.
  • Parabola's drag-and-drop interface simplifies data manipulation and automation for non-technical users.

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Funding

Total Funding

$34.3M

Below

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

↑ 9%

1 year growth

↓ -5%

2 year growth

↑ 0%
Wilson Sonsini Goodrich & Rosati
Jun 30th, 2023
Firm Advises Parabola on $24 Million Series B Financing | Wilson Sonsini

On June 28, 2023, Parabola, a collaborative data tool enabling non-technical teams to automate solutions for manual, spreadsheet-based processes, announced a $24 million Series B funding round led by OpenView, with participation from existing investors Matrix and Thrive Capital.

Parabola
Jun 29th, 2023
Announcing Parabola's $24M Series B | Parabola Blog

Parabola raised a $24 million Series B led by OpenView!

Finsmes
Jun 28th, 2023
Parabola Raises $24M In Series B Funding

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.FinSMEs28/06/2023

Parabola
Apr 1st, 2023
Working with AI steps in Parabola | Parabola Blog

Recently, Parabola Labs, Inc. released AI transform steps, powered by GPT: Categorize with AI, Extract with AI, and Experiment with AI.

Parabola
Dec 1st, 2022
Introducing Table Views: filter, sort, style, and share your data | Parabola Blog

Today, Parabola Labs, Inc. is thrilled to introduce Table Views.

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