Yasseen decided to leave his safe ,well-paying job, raised seed money for his idea and spent the next two years building what would become the Parabola platform. The mission was to create technology that was easily leveraged by non-technical people.
Yet to Yaseen’s thinking none had Parabola’s singular focus on an individual operations person, rather than a highly trained IT person. “There's a lot of things that are very valuable pieces of technology, but solve a very different use case than we do and are not designed to empower the actual end operations user who I got to know quite closely in the consulting world.
Today the company has some 35 employees with plans to nearly double that by year’s end. According to Yaseen, revenue increased 4X over the past year from customers such as Flexport, Sonos, Uber Freight and Durex. As a result, the company has raised a total of $34.2 million in funding over 4 rounds. Their latest Series B funding raised $24 million in June of 2023 led by OpenView. Additional investors include Matrix Partners, Thrive Capital, Abstract Ventures, Merus Capital, Flexport and others.
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