About Parsec
Parsec is a company based in Park City (United States) founded in 2016 was acquired by Unity in August 2021. It operates as a SaaS (Software-as-a-Service), and Freemium. Parsec has raised $61.26 million across 6 funding rounds from investors including Unity, Lerer Hippeau and HP Ventures Group. Parsec offers products and services including Parsec Connect, Parsec Warp, Parsec for Teams, and Parsec for Enterprise. Parsec operates in a competitive market with competitors including Shadow, Blacknut, AccelByte, Gamestream and Boosteroid, among others.
- Headquarter Park City, United States
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Unity Technologies Sf
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Products & Services of Parsec
Parsec offers a comprehensive portfolio of products and services, including Parsec Connect, Parsec Warp, Parsec for Teams, and Parsec for Enterprise. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Remote access to gaming rigs is provided effortlessly.
Enhanced remote access for artists is offered professionally.
Hybrid work support for teams is delivered securely.
Scalable remote solutions for organizations are provided efficiently.
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Senior Team
55 people
Sales and Marketing
46 people
Leadership Team
43 people
Software Development Team
35 people
Human Resources and Administration
27 people
Finance and Accounting
15 people
Legal and Compliance
13 people
Growth Team
10 people
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Funding Insights of Parsec
Parsec has successfully raised a total of $61.26M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $25.0M
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First Round
First Round
(01 Jan 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series B - Parsec | Valuation |
investors |
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| Dec, 2020 | Amount | Series B - Parsec | Valuation | a16z | |
| May, 2020 | Amount | Series A - Parsec | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parsec
Parsec has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Unity, Lerer Hippeau and HP Ventures Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location | |
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Venture capital funding for games and interactive entertainment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parsec
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parsec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parsec Comparisons
Competitors of Parsec
Parsec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shadow, Blacknut, AccelByte, Gamestream and Boosteroid, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based game streaming application
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| domain | founded_year | HQ Location |
Multiple games are accessed on-demand via subscription-based cloud gaming.
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| domain | founded_year | HQ Location |
Cloud-based gaming platforms are provided to developers and publishers.
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| domain | founded_year | HQ Location |
Platform providing services for cloud gaming
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| domain | founded_year | HQ Location |
Offers a cloud gaming platform for seamless entertainment experiences.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parsec
Frequently Asked Questions about Parsec
When was Parsec founded?
Parsec was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Parsec located?
Parsec is headquartered in Park City, United States. It is registered at Park City, Utah, United States.
Is Parsec a funded company?
Parsec is a funded company, having raised a total of $61.26M across 6 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jan 01, 2017.
What does Parsec do?
High-quality remote desktop access is offered by Parsec for both professional work and gaming purposes. Solutions cater to individual users, artists, teams, and enterprises with features like 4K streaming, low latency, and secure peer-to-peer connections. Various sectors including gaming, entertainment, and hybrid work environments are served through personalized and collaborative tools.
Who are the top competitors of Parsec?
What products or services does Parsec offer?
Parsec offers Parsec Connect, Parsec Warp, Parsec for Teams, and Parsec for Enterprise.
Who are Parsec's investors?
Parsec has 7 investors. Key investors include Unity, Lerer Hippeau, HP Ventures Group, Andreessen Horowitz, and Makers Fund.