This is the Parsec pitch deck to raise a $25m series-b round in 2020.
About
Parsec empowers people to connect to their work, games, and friends from anywhere, on any device. Parsec for Teams lets artists, animators, developers, and designers across the creative industries use their powerful PCs and VMs from anywhere, across any device. Our silky smooth, 60FPS+, 4K interactive remote access tools are used by leaders in games, animation, film, broadcast, architecture, and more. Millions of people use Parsec to access their games on the go. Share a link and you’re playing with friends and family.
Parsec, the software startup enabling users to remotely operate one computer from another, recently raised $25 million in a Series B funding round backed by Andreessen Horowitz.
Founded in 2016, Parsec’s high-speed streaming capability is currently being used by more than 300 businesses to enable smooth access between different computers, as well as the ability to share their screens with others.
The firm’s software has proven popular among big time games companies such as Ubisoft, which used Parsec to guide more than 1,000 journalists through previews of Assassin’s Creed: Valhalla last year, but has also surged in popularity more widely as the COVID-19 pandemic forces employees around the world to work from home.
The New York-based startup said it plans to use the new funds into expanding Parsec for Teams, its business-to-business platform, as well as introducing products that “improve creation, communication, and collaboration” for a variety of remote tasks.
“The world is going hybrid and the future of creative work relies on enabling employees to use their high-powered workstations from anywhere,” said Benjy Boxer, Parsec CEO and cofounder.
“Whether you’re a game developer, 3D graphic designer, or TV producer, hybrid creatives demand flexibility, and companies that don’t adapt will lose talent to more forward-looking organizations.”
Parsec’s latest round of investment was also backed by the likes of Makers Fund, Notation Capital, NextView Ventures, and Lerer Hippeau.
Funding rounds
|
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Dec 15, 2020 | Series B – Parsec | 6 | $25M |
Andreessen Horowitz
|
| May 12, 2020 | Series A – Parsec | 6 | $7M | Makers Fund |
| Jan 19, 2017 | Seed Round – Parsec | 3 | $1M | — |
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