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About Parabola
Industries
Consumer Software
Enterprise Software
Consumer Goods
Company Size
51-200
Company Stage
Series B
Total Funding
$33.3M
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 integration, facilitating seamless 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.
Simplify's Take
What believers are saying
- Raised $24M in Series B funding to expand product capabilities and team.
- Growing demand for no-code platforms empowers non-technical teams to automate processes.
- AI-driven tools enhance data processing and decision-making in eCommerce.
What critics are saying
- Increased competition from no-code platforms like Airtable and Zapier.
- Over-reliance on third-party APIs could lead to disruptions if APIs change.
- Economic downturns may affect subscription-based revenue models.
What makes Parabola unique
- Parabola offers a no-code tool for automating complex workflows in eCommerce.
- The platform integrates with various APIs for seamless data transfer and functionality.
- Parabola's drag-and-drop interface allows non-technical users to automate data tasks.
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Funding
Total Funding
$33.3M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↓ -3%2 year growth
↓ -6%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 raised a $24 million Series B led by OpenView!
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
Recently, Parabola Labs, Inc. released AI transform steps, powered by GPT: Categorize with AI, Extract with AI, and Experiment with AI.
Today, Parabola Labs, Inc. is thrilled to introduce Table Views.
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About Parabola
Industries
Consumer Software
Enterprise Software
Consumer Goods
Company Size
51-200
Company Stage
Series B
Total Funding
$33.3M
Headquarters
San Francisco, California
Founded
2017
There are no jobs for Parabola right now.
Find jobs on Simplify and start your career today