# Parsec Cloud

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parsec-cloud

- Industry: Software
- Headquarters: New York, US
- Website: www.parsecgaming.com
- Total disclosed funding: $33M
- Latest round: Series B (Dec 15, 2020)
- Investors on record: 6

## 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.

## Funding rounds

- Series B, Dec 15, 2020, $25M — Andreessen Horowitz, NextView Ventures, Lerer Hippeau Ventures, Notation, Makers Fund
- Series A, May 12, 2020, $7M — NextView Ventures, Lerer Hippeau Ventures, Notation, HP Tech Ventures, Makers Fund
- Seed, Jan 19, 2017, $1M — NextView Ventures, Lerer Hippeau Ventures, Notation

## Investors

- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed, Series A, Series B
- Lerer Hippeau Ventures — Seed, Series A, Series B
- Notation (https://capitalatlas.ai/funds/notation) — Seed, Series A, Series B
- HP Tech Ventures (https://capitalatlas.ai/funds/hp-tech-ventures) — Series A
- Makers Fund (https://capitalatlas.ai/funds/makers-fund) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B