Wednesday, March 3, 2021

Parabol Takes $8M From Microsoft, Others For Agile Meetings

Los Angeles-based Parabol, a company which is developing technology to enable "Agile" meetings, announced that it has raised $8M in its Series A funding. The funding was led by Microsoft's M12 venture fund, and also included CRV, Haystack, Techstars, and others. Parabol says it has developing a platform focused on enabling remote and hybrid teams to conduct structured meetings, using the "Agile" methodology. The company is led by CEO and Co-founder Jordan Husney. The company was founded in 2015, but apparently has seen pickup as a result of the pandemic and the move to remote work. The company says it has more than 100,000 users across 3,000 companies, and recently sign a $1.47 million contract with the Defense Department.