Parsec Cloud, Inc. Asset Profile

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Year established

2016

Location

New York NY US

Primary Industry

Software

About

Based in New York, US, Parsec Cloud, Inc. was founded in 2016 by co-founders Benjy Boxer and Christopher Dickson. The company is a proprietary desktop capture program that is mostly used for video streaming gameplay. In January 2017, Parsec Cloud, Inc. raised USD 1 million in seed funding from new investors Lerer Hippeau Ventures, NextView Ventures and Notation Capital. In December 2020, Parsec Cloud, Inc. raised USD 25 million in series B funding by Andreessen Horowitz, Lerer Hippeau Ventures, Makers Fund, NextView Ventures and Notation Capital and in August 2021, Unity Technologies acquired Parsec for USD 320 million. Parsec works with gaming clients like EA, Ubisoft, Blizzard Entertainment and Square Enix, and it’s also being used in industries like architecture, engineering and video broadcast/production/post-production. The company's gaming server links to a distant cloud gaming machine, which includes features such as encryption, group rights, and collaboration on the same file, allowing users to play games on any computer and from any location, as well as interact with other players. With the acquisition in August 2021, Unity plans to incorporate Parsec's software into the Unity engine to support development.

Current Investors

NextView Ventures, Lerer Hippeau Ventures, Notation Capital

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Primary Industry

Software

Sub Industries

Web Applications, Gaming

Website

www.parsecgaming.com

Verticals

Big Data, Cloud Computing

Company Stage

Acquired

Total Amount Raised

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