Inflection Point Ventures (IPV), an angel investing platform, has announced its exit from Parablu, a data protection company, achieving 2.2X MoM in 36 months and delivering a 30%+ IRR for investors.
With 47 successful exits, IPV has consistently delivered high-value returns.
Parablu has been acquired by CrashPlan, a global leader in cyber-ready data resilience. This acquisition enhances CrashPlan’s ability to protect critical data from deletion, ransomware, and service disruptions.
Ankur Mittal, Co-Founder, Inflection Point Ventures, said, “When Parablu approached IPV in 2021 for funding, its groundbreaking technology stood out. Recognizing the immense potential in Parablu’s visionary founding team, and its unique business model, IPV provided critical funding and strategic support. This enabled the company to scale rapidly and establish itself as a strong player in the enterprise data management space. As one of India’s largest angel platforms, we are committed to nurturing innovative startups that not only benefit the ecosystem but also have a positive impact on the community and economy. Parablu’s journey exemplifies our focus on empowering visionary founders to achieve sustainable success.”
Anand Prahlad, CEO of Parablu (now CTO at CrashPlan), said, “Inflection Point Ventures has been a vital partner in Parablu’s journey, in not just providing funding, but also in terms of strategic guidance which was instrumental in enabling us to scale effectively and establish ourselves as a player to be reckoned with in the data security and resilience space. IPV’s unwavering belief in our vision and technology was crucial through our journey. As we join forces with CrashPlan, we are excited to continue pushing past boundaries and strengthen our commitment to delivering unmatched data resilience to enterprises worldwide.”
Founded in 2014 by Anand Prahlad, Kameswaran Subramanian, and Subash Baliga, Parablu is a data protection and resiliency solutions company.
Parablu serves as a catalyst in several Enterprise Cloud Migration strategies by providing data security solutions that help organizations confidently use our data security cloud. BluKrypt, its storage container technology creates a secure space in the cloud storage of your choice, which only you control.
