SaaS platform Parablu receives $1 million in funding

Parablu, a SaaS company, has raised $1 million in a pre-series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms.

The funds raised 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.

The company sells secure data management solutions. The start-up has created a solution stack where data privacy is built-in, and have also forged with Microsoft 365 and Google G-Suite which makes it easier and less expensive for enterprises to adopt their solutions.

Parablu is based out of California and has a fully owned subsidiary in India. They already have established distribution channels in India and 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.

“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,” Ankur Mittal, co-founder, Inflection Point Ventures said.

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