Tuesday, June 28, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

Parablu raises over $ 1mn in a Pre-Series A

Srikanth by Srikanth
November 30, 2021
in Startup news
Reading Time: 3 mins read
Parablu raises over $ 1mn in a Pre-Series A
14
SHARES
180
VIEWS
Share on FacebookShare on Twitter

Parablu has raised a Pre-Series A round of more than $ 1mn led by Inflection Point Ventures, one of India’s largest angel investment platforms. The funds raised will be utilized primarily for sales & marketing, targeted towards expanding distribution channels and penetrating new markets in North America and to accelerate the engineering roadmap.

Parablu builds secure, enterprise-class data management solutions. The start-up has created a solution stack where Data Privacy is built-in, and have also forged an innovative and unique integration with Microsoft 365 and Google G-Suite that makes it easier and less expensive for enterprises to adopt their solutions.

Parablu has its headquarters based in California and has a fully owned subsidiary in India. They already have established distribution channels in India & the UAE. The start-up has begun penetrating the US market and is working on strengthening and setting up new distribution channels in the North American market.

Parablu graduated from Citrix Startup Accelerator in Feb 2015, got their first patent granted in March 2016, and just this month, got granted a second patent around their unique integration with Microsoft 365. 

Ankur Mittal, Co-Founder, Inflection Point Ventures says, “Data is the most important currency for companies irrespective of size. Data storage and management is an expensive affair when done in-house/offsite. Parablu provides a highly secure data management solution for companies across the globe, that is compliant with data privacy laws in different geographies. The rate at which digital transformation and customer data repositories are growing, Parablu is going to see an ever-increasing addressable market. The Company has a strong lead-generation and business development team in India, and with the fund raise, is poised to build out teams of similar strength in the US. Our strong network of CXOs globally will also generate a healthy pipeline for Parablu. We have received consistently great feedback from several of their customers, all of whom have increased their business with Parablu. During these times of work from home, the need for secure data management has grown exponentially. Parablu has won businesses from large conglomerates and displaced well-funded competitors. We look forward to being a part of Parablu’s next phase in their growth journey.”

Anand Prahlad, President & CEO, Parablu isa seasoned executive who previously ran worldwide Product Development for Commvault. He is also an author of several patents, and is intimately familiar with the storage & data-management space. Commenting on the fund raise, he says, “We couldn’t be more excited about the partnership with Inflection Point Ventures. Being an IPV-backed start-up is more than just about raising capital. IPV really understands our business. They have shown willingness to roll up their sleeves and help us in terms of real advisorship while connecting us with potential customers and channel partners. We’re looking forward to an exciting ride together as we continue to build and expand the business into new markets.”

Parablu’s leadership team comes with deep experience in Enterprise B2B software and with strong DNA in storage and security. Its founding team brings very strong product and sales skills and also have a deep understanding of the enterprise software market, both in the US and in India.

With increasing data privacy and compliance requirements, the demand for secure data management platforms is growing rapidly. With a $14 Bn market (and growing), start-ups and SMEs will need SaaS services like what Parablu is offering.

About Parablu

Parablu was founded in 2015 by Anand and Subash. Parablu builds secure, enterprise-class data management solutions, and due to their innovative integration with Microsoft 365 and Google Workspace, make it easier and less expensive for enterprises to adopt their solutions. The core team at Parablu has effectively placed the start-up on an aggressive growth trajectory, with a clear and compelling approach.

Tags: Delhi startupsFunding NewsInflection Point VenturesParablu
Share5Tweet3Share1Pin2

Related Posts

Data Analytics startup USEReady launches a new centres
Startup news

Data Analytics startup USEReady launches a new centres

Neuron7.ai emerges from Stealth Mode, Raises $4.2 Million in Seed Funding
Startup news

Neuron7 Raises $10 Million Series A Funding to Revolutionize AI-Powered Customer Service

AI-based Mobile Time Tracking & Workforce Productivity with Enalytix
Startup news

AI-based Mobile Time Tracking & Workforce Productivity with Enalytix

Patented public transport app with Real-time public transport information – Tummoc
Startup news

Patented public transport app with Real-time public transport information – Tummoc

Aerotime raises $2M in seed funding led by Nexus Venture Partners
Startup news

Aerotime raises $2M in seed funding led by Nexus Venture Partners

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Read

  • How to Track Someone’s iPhone by Phone Number?

    How to Track Someone’s iPhone by Phone Number?

    238 shares
    Share 95 Tweet 60
  • Top 5 car automation trends to know

    89 shares
    Share 36 Tweet 22
  • What is windows modules installer ? How to Enable/Disable

    1227 shares
    Share 491 Tweet 307
  • Is Parody Coin investment a Good Investment?

    44 shares
    Share 18 Tweet 11
  • How to Track Activities an Instagram account?

    77 shares
    Share 31 Tweet 19
  • How to make a chatbot using HTML

    201 shares
    Share 80 Tweet 50

Recent Stories

Here’s why Deep Learning might not be enough for celebrity face recognition

Digital Learning face recognition
Share4Tweet3Share1Pin1

How Enterprise Blockchain can enable Privacy Preservation

How Enterprise Blockchain can enable Privacy Preservation
Share4Tweet3Share1Pin1

How to flip NFT’s

How to flip NFTs
Share4Tweet3Share1Pin1

Staying Safe When Trading on a Trading App

VPS Helps Forex Trading
Share4Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT