Parablu, a Santa Clara, California -based SaaS company that builds secure data management solutions like data backup, archiving, content collaboration, and secure file sharing raised $1 million in a pre-series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms.
The funds will be utilized primarily for sales and marketing, targeted towards expanding distribution channels and penetrating new markets in North America and to accelerate the engineering roadmap.
Company: Parablu Systems Pvt, Ltd.
Raised: $1.0M
Round: pre-series A
Funding Month: November 2021
Lead Investors: Inflection Point Ventures
Additional Investors:
Company Website: https://parablu.com/
Software Category: Data management solutions
About the Company: Parablu is a SaaS company that builds secure data management solutions like data backup, archiving, content collaboration, and secure file sharing. Parablu provides Enterprises with secure data management solutions with a focus on Data Privacy. Drivers like cloud and mobility have made data more distributed than ever before, weakening the level of control enterprises traditionally have had over their data assets. On top of that, businesses live with tough regulations where they are held accountable for data losses, and citizens can demand data erasure. Data management solutions like Backup, Content Collaboration, and File Sharing, as they have evolved into SaaS models, haven’t sufficiently addressed the enterprise need for data privacy. Parablu has built a solution stack where Data Privacy is built-in. Using encryption along with strict enforcement of Segregation of Duties, our Privacy Gateway-powered solution ensures enterprise data stays safe in the cloud.
Source: https://www.ciol.com/saas-platform-parablu-raises-funding/