Liquidity Events
IPV exits data protection co. Parablu with 30% IRR
Angel investing platform Inflection Point Ventures (IPV) has exited from Bengaluru- and California (USA)-based Parablu , a data protection company, achieving a 2.2X MoM return over 36 months and delivering over 30% IRR for its investors.To date, Parablu has raised USD 1.5 million from IPV and other investors. IPV provided funding and strategic support to Parablu in 2021, enabling the company to scale.Co-founded by Anand Prahlad, Kameswaran Subramanian, and Subash Baliga, Parablu offers data security and backup solutions for enterprises. Its offerings include endpoint backup, managed file transfer, and server backup, enhancing data security, reliability, and compliance against ransomware and other threats. It has been acquired by CrashPlan, a global player in cyber-ready data resilience.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
