Parsec raises $25 million in series B round
The investment will inch in opposition to the arrive of its interactive distant earn entry to app, Parsec for Groups
Streaming tech company Parsec has raised $25 million in a series B round led by venture capital company Andreessen Horowitz.
The funding round moreover integrated previous merchants Makers Fund, Notation Capital, NextView Ventures, and Lerer Hippeau.
The investment will inch in opposition to additional increasing its distant interactive desktop application, Parsec for Groups. It’s geared in opposition to a exercise by game studios for distant working, with customers including EA, Ubisoft, Blizzard, and Sq. Enix.
Parsec moreover intends to grow its sales and marketing departments, and introduce unique products that strengthen “creation, communication, and collaboration for a broad diversity of distant tasks.”
Martin Casado, overall accomplice at Andreessen Horowitz, commented: “We now hang been vastly impressed watching Parsec overcome every technical and industry challenges over time, and we’re incredibly excited to be ready to resolve half within the hunch. We in actuality imagine that Parsec is the ideal know-how for distant exercise of any app, and the personnel is on their plot to constructing an iconic company to bolster that.”
Parsec was co-founded in 2016 by CTO Chris Dickson and CEO Benjy Boxer. It raised $7 million in Can also goal, in a series A round led by venture capital company Makers Fund. Again in August, the corporate signed a prolonged-term partnership with Ubisoft.