Parablu raises over $1 mn in pre-Series A round

Enterprise SaaS platform Parablu has raised more than $1 million in pre-Series A funding round led by Inflection Point Ventures. 

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.

Founded in 2015 by Anand and Subash, Parablu builds enterprise-class data management solutions like data backup, archiving, content collaboration and secure file sharing, which can be seamlessly integrated with Microsoft 365, Google Workspace, Amazon Web Services and OneDrive.

The firm has established distribution channels in India and the UAE and has begun penetrating the US market by strengthening and setting up new distribution channels in the North American market.

According to the company's website the software is trusted by many global and national players like Starbucks, Sony, L&T, Godrej, Ceat, Polycab and Mahindra.