Activate Capital and Glade Brook Capital Partners led a $60m Series D round in Parsable.

Growth equity firms Activate Capital and Glade Brook Capital Partners led a $60m Series D round in Parsable, a connected worker platform for industrial workers with digital tools to improve productivity, quality and safety, with participation from Alumni Ventures Group, Cisco Investments, Downing Ventures, Evolv Ventures, Princeville Capital, Lightspeed Venture Partners, The Future Fund, B37 Ventures, Honeywell Ventures and Saudi Aramco Energy Ventures. "Activate was founded in 2017 to invest in innovative companies using digital solutions to transform the industrial economy for a more connected, intelligent and resilient future. After 18 months surveying the landscape of digital platforms for procedures and the 'connected worker,' we identified Parsable as the clear market leader. As companies accelerate their IIoT adoption and digital transformation, we see Parsable as the leader in connected, intelligent operations. We are excited to join the team and be part of their growth," David Lincoln, Activate Capital Managing Partner.