Courtesy of ParsableVenture funding for industrial software had been increasing even before the coronavirus pandemic highlighted the uses for it. “I think it’s a good validation for the market,” says Parsable CEO Lawrence Whittle. During the pandemic, manufacturers have increasingly seen the value of software and tools, such as Parsable’s, to keep workers safe. Parsable’s revenue surpassed $10 million last year, double the previous year, as it signed on customers who pay more than $1 million apiece. “One of the things that Covid has done is highlighted that frontline workers need digital tools,” Whittle says.

Source: Forbes August 11, 2020 10:52 UTC