As The Pandemic Highlights The Need For Industrial Tech, Parsable Raises $60 Million For Connected Frontline Workers

As The Pandemic Highlights The Need For Industrial Tech, Parsable Raises $60 Million For Connected Frontline Workers

A worker at Corteva Agriscience uses Parsable's app to capture data about a batch of seed corn.



Courtesy of Parsable

Venture funding for industrial software had been increasing even before the coronavirus pandemic highlighted the uses for it. In the latest sign of the market's new strength, San Francisco-based Parsable, which uses software to connect frontline workers, said today that it had raised $60 million led by Activate Capital and Glade Brook Capital Partners, bringing its total funding to $133 million.

Parsable declined to disclose valuation other than to say that it was an up round. The company was valued at $250 million in May 2018 after its last fundraise.

“I think it's a good validation for the market,” says Parsable CEO Lawrence Whittle.