Parsec cofounders Benjy Boxer (left) and Chris Dickson
Remote desktop startup Parsec raised $25 million in a round backed by Andreessen Horowitz. The firm offers seamless access between online workstations, which has proven popular under COVID-19. Insider got an exclusive look at the pitch deck the firm used to bring investors on board. See more stories on Insider’s business page.
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. Insider got an exclusive look at the pitch deck Parsec used to bring them on board.
Check it out below: