On June 28, 2023, Parabola, a collaborative data tool enabling non-technical teams to automate solutions for manual, spreadsheet-based processes, announced a $24 million Series B funding round led by OpenView, with participation from existing investors Matrix and Thrive Capital. Additional new investors included Flexport, Webflow, and the founders of Harry’s, Warby Parker, and Allbirds. Wilson Sonsini Goodrich & Rosati advised Parabola on the transaction.

With this funding, Parabola will expand its product capabilities and grow its team in pursuit of empowering everyone to leverage automation and AI in their daily work, regardless of their technical capabilities. The proceeds will allow the company to double down on serving its ecommerce, retail, CPG, freight, and logistics customers while expanding to new verticals.

The Wilson Sonsini team that advised Parabola on the financing included Yokum Taku, Avi Emanuel, and Mohammed Banjari.

For more information, please see Parabola’s news release.