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Founded Year



Series C | Alive

Total Raised


Last Raised

$25M | 6 mos ago

About Paro

Paro operates as an artificial intelligence (AI)-powered marketplace. It delivers finance and accounting solutions to businesses. The company was formerly known as Admiin. It was founded in 2015 and is based in Chicago, Illinois.

Headquarters Location

343 West Erie Street Suite 600

Chicago, Illinois, 60654,

United States




Research containing Paro

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Paro in 1 CB Insights research brief, most recently on Feb 2, 2022.

Expert Collections containing Paro

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paro is included in 3 Expert Collections, including HR Tech.


HR Tech

4,043 items

The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.


SMB Fintech

1,586 items



8,123 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

Paro Patents

Paro has filed 1 patent.

The 3 most popular patent topics include:

  • artificial intelligence
  • computational linguistics
  • computer memory
patents chart

Application Date

Grant Date


Related Topics




Natural language processing, Computational linguistics, Computer memory, Tasks of natural language processing, Artificial intelligence


Application Date


Grant Date



Related Topics

Natural language processing, Computational linguistics, Computer memory, Tasks of natural language processing, Artificial intelligence



Latest Paro News

In an RSA in Rezzato there is a robot seal to support elderly people suffering from dementia

Nov 15, 2023

In an RSA in Rezzato there is a robot seal to support elderly people suffering from dementia Home » Health » In an RSA in Rezzato there is a robot seal to support elderly people suffering from dementia byarchywordys No Comments Technology can and must be an ally of people , even when it comes to their health and well-being. A new example in this direction comes from Rsa Blue Years of Rezzato where an innovative was introduced therapeutic robot in the shape of a white sealto support elderly people with dementia. The robot seal, by name «Paro»is the latest version of an interactive robot made in Japan, designed by Takanori Shibata, a pioneer of industrial automation, who has received numerous awards around the world for its innovation and therapeutic utility. Sensors and actuators It is a small white plush seal equipped with two 32-bit processors, three microphones, twelve tactile sensors covering its fur, touch-sensitive whiskers and a delicate system of motors and actuators that silently move its legs and body. Other sensors – auditory, temperature, light and posture – allow Paro to perceive people and the surrounding environment and to provide coherent responses to the stimuli provided to it: in fact, he recognizes the direction of the voice and some words such as his name, greetings and praise. By interacting with people, the stuffed animal responds as if it were alive by moving its head and paws, making sounds and showing the patient’s preferred behavior, based on the commands given: it is in fact able to repeat the movements that the patient has rewarded with a caress and avoid the unwelcome ones, signaled by a firmer touch. «The objective of this initiative – explains Vito Nicola Mastromarino, director of the Rsa Anni azzurri – is to promote psychological well-being and alleviate anxiety typical of elderly patients with dementia, exploiting the exchanges between patient and robot . Paro has a calming effect and elicits positive emotional responses in guests, as pet therapy would. It helps reduce stress and avoid isolation and to stimulate interaction with the environment, with a positive effect on mood and motivation.” To view this item correctly Click here

Paro Frequently Asked Questions (FAQ)

  • When was Paro founded?

    Paro was founded in 2015.

  • Where is Paro's headquarters?

    Paro's headquarters is located at 343 West Erie Street, Chicago.

  • What is Paro's latest funding round?

    Paro's latest funding round is Series C.

  • How much did Paro raise?

    Paro raised a total of $68.3M.

  • Who are the investors of Paro?

    Investors of Paro include Sierra Ventures, Revolution Ventures, Madrona Venture Group, Top Tier Capital Partners, WP Global Partners and 11 more.

  • Who are Paro's competitors?

    Competitors of Paro include Graphite Financial and 4 more.


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