General Catalyst and Andreessen Horowitz have given $4 million in Series A to stealth startup Parlay Labs we’re hearing, with General Catalyst leading the round. Notable angels also in the round include YouTube’s Shishir Mehrotra, Drew Houston and Xobni founders Matt Brezina and Adam Smith.
The newest member of the groundswell of enterprise communication startups, which includes TCDisrupt winners Yammer and UberConference, Palo Alto based Parlay Labs wants to “reinvent the way people are communicating at work” according to its website.
While it’s difficult to parse exactly what this may mean, I’m going to make an educated guess and say they too are trying to improve the extremely broken conferencing space which, as anyone who’s ever been on a conference call can attest, is extremely broken.
Parlay Labs is the first post-acquisition project from Docverse founders Shan Sinha and Jeremy Roy. Acquired by Google in 2010, Docuverse was a digital library of documents which eventually ended up bolstering Google Cloud Connect. Sinha ran Google Enterprise Apps until he and Roy left Google a month ago to focus on Parlay.
The company has a strong engineering team, comprised of other Ex-Googlers in addition to people from Apple, Microsoft and the MIT and Stanford-educated co-founders. They’re going to need it. From what we’re hearing, the team is experiencing “aggressive growth” and is hyper-focused on refining the product before its public launch.
Highfive, formerly Parlay Labs, is a B2B technology company which is reimagining the way people communicate at work. We’re a team of entrepreneurs that apply design and engineering to solve problems others ignore. We are based in Palo Alto and are backed by top investors including General Catalyst and Andreessen Horowitz.