# Parsec Education

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

- Industry: Software
- Headquarters: Fresno, US
- Website: www.parseceducation.com/
- Total disclosed funding: $8M
- Latest round: Series A (Dec 11, 2024)
- Investors on record: 2

## About

Founded in 2019, and based in California, US, Parsec Education, Inc. focuses on transforming K-12 education by providing analytics tools. The company has completed one deal as of December 11, 2024, raising USD 8.000 mn in a Series A round led by Blueprint Equity and Cultivation Capital. Eugene Park founded the firm. And Babatunde Ilori is leading the firm as CEO as of 2024.

Parsec Education offers K-12 education through a suite of data-driven products and services designed to support educational outcomes. Their primary offerings include Parsec Analytics, which enables users to analyze and visualize state and local-level data through ready-made reports, and the Real Qualitative Feedback Solution which captures authentic feedback using AI technology. These tools are aimed at education leaders, administrators, and teachers, and help with the process of data interpretation and lesson planning. Parsec's product suite serves a diverse client base, including public school districts and educational institutions across the United States and Canada, providing solutions that address specific challenges such as data accessibility and actionable insights. 

Parsec Education generates revenue primarily through subscription-based models for its analytics services and educational tools. Clients, including school districts and educational leaders, typically engage with Parsec on an annual subscription basis, allowing for continuous access to their suite of products. Transactions are structured around these subscriptions, which may include tiered pricing based on the size of the institution or the number of users accessing the platform. Key offerings like Parsec Analytics and the Real Qualitative Feedback Solution form the backbone of their revenue model, driving sustained engagement with educational institutions. The company’s revenue is closely linked to the adoption of its technology by schools striving to improve data utilization and student outcomes. 

In December 2024, Parsec Education, Inc. raised USD 8.000 mn in Series A funding, which will be utilized to expand its engineering, customer success, and data analytics teams while enhancing its AI-powered capabilities. The company has plans to develop new products aimed at further improving educational data utilization. Additionally, Parsec is targeting expansion into more regions across the United States and Canada by mid-2025, with a strategic focus on large urban school districts that face unique data management challenges.

## Funding rounds

- Series A, Dec 11, 2024, $8M — Cultivation Capital, Blueprint Equity

## Investors

- Cultivation Capital (https://capitalatlas.ai/funds/cultivation-capital) — Series A
- Blueprint Equity (https://capitalatlas.ai/funds/blueprint-equity) — Series A