Parsable

Parsable

Optimizes frontline operations for industries

About Parsable

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

Industries

Data & Analytics

Industrial & Manufacturing

Company Size

51-200

Company Stage

Series D

Total Funding

$127.9M

Headquarters

San Francisco, California

Founded

2013

Overview

Parsable offers a digital platform that improves frontline operations for manufacturing and industrial companies by identifying and addressing operational inefficiencies. Its main product is an authoring tool that allows clients to create and distribute digital work instructions, while also capturing work execution data through a mobile app. The platform promotes workforce engagement with messaging portals for team collaboration and provides near real-time data analysis to unlock insights. Parsable automates the tracking of audits and inspections, helping clients build more resilient and adaptable operations.

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Simplify's Take

What believers are saying

  • Increased demand for digital transformation boosts Parsable's platform adoption.
  • AI-powered analytics position Parsable as a leader in optimizing frontline operations.
  • Growing ESG emphasis aligns with Parsable's sustainability-enhancing digital tools.

What critics are saying

  • Emerging digital platforms may erode Parsable's market share.
  • Integration challenges post-acquisition by CAI Software could disrupt operations.
  • Data privacy concerns could lead to regulatory scrutiny and reputational damage.

What makes Parsable unique

  • Parsable transforms paper-based procedures into mobile, interactive work instructions.
  • The platform offers AI-powered analytics for advanced data insights in industrial operations.
  • Parsable's Connected Worker Platform enables real-time collaboration and data sharing.

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Funding

Total Funding

$127.9M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$60M
Parsable
$70M
Twilio
$80M
Handshake
$100M
Affirm

Company News

Accesswire
Sep 25th, 2024
CAI Software, LLC Acquires Parsable, Inc., a Leading Connected Worker Platform for Manufacturers

The Combined Company Optimizes and Improves Production, Quality, Equipment Maintenance, and Safety of Mid-Market and Enterprise Manufacturers Globally

PR Newswire
Jun 11th, 2024
Parsable Launches Industry-First AI-Powered Analytics, Revolutionizing Digital Transformation and Cost Savings in Frontline Operations

SAN FRANCISCO, June 11, 2024 /PRNewswire/ - In a bold move to redefine the manufacturing landscape, Parsable announces the launch of AI-Powered Analytics, cementing its position as the leading Connected Worker(R) Platform.

PR Newswire
Nov 8th, 2023
Htec Group And Parsable Extend Their Collaboration For Continued Operational Excellence

HTEC Group and Parsable Strengthen Collaboration for Ongoing Operational ExcellenceSAN FRANCISCO , Nov. 8, 2023 /PRNewswire/ -- HTEC Group , a global end-to-end digital product development and engineering services company, is proud to announce extended collaboration with Parsable , a forward-thinking US-based company providing industrial teams with powerful digital tools fueling a safer, more productive, and more sustainable workplace.HTEC Groups partners with ParsableThe continued collaboration focuses on the evolution of Parsable's Connected Worker Platform. It aims to enhance what is already a powerful digital system that leverages modern technology to streamline real-time collaboration, aggregate productivity data, remove outdated paper trails, and enable continuous operational improvement.The long-standing work between HTEC and Parsable has transformed into a fruitful operational alliance, merging industry expertise and technological astuteness to create an exceptional product. The renewed mutual commitment acknowledges past accomplishments and reaffirms the shared dedication towards shaping the workplace of tomorrow – safer, more productive, and better prepared to tackle modern demands.Our aligned vision with Parsable from the very start, and the successful collaboration that followed, have resulted in the creation of a top-notch integrated team that has helped deliver a powerful and modern digital platform, making work easier, faster, and safer for workers around the world. I am looking forward to continuing to evolve and expand our shared dedication to enabling operational excellence through technology. – Dejan Pokrajac, Director of Business Development at HTEC GroupThe Connected Worker platform is a robust, multifunctional digital system that transforms static, paper-based procedures into mobile and interactive work processes, from safety procedures to task management and beyond

Forbes
Mar 31st, 2023
Behind All The Esg Virtue Signaling, There’S A Real Opportunity For Manufacturers

Every company you’ve ever heard of suddenly has a 43-part plan to create social awareness, enhance sustainability, and, just. just. maybe, save the planet – otherwise known as the recently ubiquitous acronym ESG. Soon, they’re implying, all our climate and social problems will be a thing of the past. In the meantime, go ahead and cue the applause.Sigh. These claims make me feel tired mostly because, once you’ve looked past the virtue signaling, they’re often full of hot air

Yahoo Finance
Dec 8th, 2022
American Axle & Manufacturing Achieves Exceptional Results Across Compliance, Standardization of Processes with Parsable

Parsable, provider of the Connected Worker ® platform for frontline manufacturing and industrial work, today announced new features to its platform to enable all levels of industrial operations to make the best decisions, faster, while protecting personally identifiable information (PII) of each worker.

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