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IPV exits Parablu with 30% IRR

Entrackr · 5d

Inflection Point Ventures (IPV) has announced its exit from Parablu, achieving a 2.2X MoM return over 36 months and delivering over 30% IRR for its investors. With 47 successful exits, IPV highlights its consistent track record of delivering high-value returns. Parablu’s exit further validates IPV’s strategy of backing visionary founders, unique business models, and startups at reasonable valuations. To date, Parablu has raised $1.5 million from IPV and other investors. IPV provided critical funding and strategic support to Parablu in 2021, enabling the company to scale rapidly and establish a strong position in the enterprise data management space. Parablu, a data protection company, has been acquired by CrashPlan, a global leader in cyber-ready data resilience. This acquisition strengthens CrashPlan’s ability to protect critical data from deletion, ransomware, and service disruptions. 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. Parablu’s acquisition by CrashPlan underscores the increasing demand for data resilience in a cloud-first world and IPV’s foresight in supporting future-shaping businesses.