NEWS COMMENTARY

Parsable's $60 million investment gain signals criticality of digital tools to support COVID-19 industrial worker safety

Published:
August 13, 2020
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Digital Transformation More...
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Investment
Very important

Parsable, a connected worker platform, raised $60 million in venture capital, even as fewer workers are required to be connected. The investment signals the criticality of digital tools, as the platform's value is in enabling fast rollout and verification of new industrial worker procedures for COVID-19. For example, the company is offering COVID-19 EHS standard operating procedures and analytics to enable customers to deploy and validate worker safety. Parsable offers the kit at no cost, following similar moves by software companies (PTC-Vuforia and Bentley-ProjectWise) to support the industry by waiving 2020 fees. Users should take advantage of these offers, while suppliers should position their tools to aid in COVID-19 remediation.

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