Remote desktop technology firm Parsec, which targets gamers and game developers, has announced €7 million in new Series A funding. The investment was led by Makers Fund and included Lerer Hipppeau, NextView Ventures, Notation Capital and HP Venture. Parsec plans to use the money in part to expand its Teams platform, launched in March, for game developers and other creatives. Founded in 2016, Parsec aims to stand out in the competitive world of remote desktop developers with a platform built primarily for online gamers. The company's technology focuses on ultra-clear, low-latency, 60fps streaming while reducing infrastructure costs.
Low latency screen sharing for gamers and developers
Players can bring any game they own online to host a multiplayer session or play their own games remotely over the Internet. Parsec also launched its own Arcade in 2019, which allows users to access thousands of classic video game titles and instantly connect with other gamers. Parsec's low latency remote desktop utility is not limited to gamers. The company worked behind the scenes to bring creative teams and game developers to the platform. More than 100 companies, including major game makers like Electronic Arts, are already using Parsec technology to develop and deploy games for testing. In March, the company released Parsec for Teams as a more flexible version of its remote desktop platform for professional designers. The company plans to use its new Series A funding to develop tools for creative professionals outside of the gaming industry, such as animators, graphic designers, video editors, and video effects specialists. Jay Chi, Founding Partner of Makers Fund, said: "The incredible traction they have received is a testament to both the team's ability and a clear need in the market."