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§ Private Profile · New York City, NY, USA
Parsec is a technology company.
Parsec delivers a high-performance remote desktop application, allowing seamless access to computers and content from any location. The technology emphasizes ultra-low latency and precise input handling, ensuring a responsive experience vital for demanding applications like PC gaming, creative software, and professional workflows. This capability extends powerful computing resources to users globally.
The company was co-founded in 2016 by Benjy Boxer, CEO, and Chris Dickson, CTO. Their insight stemmed from a desire to overcome geographical barriers to high-fidelity content, particularly PC games. They engineered a solution with unprecedented performance, increasing access to powerful computing experiences for a broad audience.
Parsec serves individual gamers, remote professionals, and creative teams like artists and developers, relying on robust remote access for intensive tasks. The company’s vision centers on refining the remote computing experience, striving to make it indistinguishable from local interaction, ultimately democratizing access to high-performance computing worldwide.
Parsec has raised $35.3M across 4 funding rounds.
Parsec has raised $35.3M in total across 4 funding rounds.
Parsec Technologies is a U.S.-based manufacturer of high-performance, ruggedized antennas for 5G, 4G LTE, WiFi, GPS/GNSS, and IoT applications, serving mobile, public safety, enterprise, fixed wireless, and IoT sectors.[1][2][3] Headquartered in Plano, Texas, with all products made in the USA, the company provides off-the-shelf external antennas, embedded SMT antennas, U.FL cabled options, and multi-antenna packages, enabling reliable high-speed wireless connectivity for corporate clients, public utilities, and first responders.[1][3] With approximately 65 employees and $20.1 million in revenue, Parsec emphasizes value-added partnerships and rapid customization through its 13,000 sq. ft. lab facility equipped with advanced testing like the ETS-Lindgren AMS-8050 chamber.[3]
The company solves connectivity challenges in demanding environments by delivering best-in-class antennas covering 600 MHz to 6 GHz, including CAT22 (5G NR-FR1) for CBRS and LTE LAA, paired with routers and gateways for robust performance.[2] Its growth stems from pivoting to wireless innovations amid telecom booms, maintaining steady expansion in a competitive hardware market.[1]
Founded in 2003 in Plano, Texas, Parsec Technologies began developing a pioneering video receiver module for Fiber To The Home (FTTH) networks, targeting the emerging nationwide rollout.[1] By 2005, it licensed FTTH technology, including its triplexer for combining voice, video, and data on optical network terminals (ONTs), securing deals with a billion-dollar market leader.[1]
The company evolved through key innovations: a USB HDTV antenna in 2008 for the analog-to-digital TV transition; a low-noise amplifier (LNA) chip in 2012—then the market's lowest noise option; the first embedded GPS/GNSS antenna in 2013; embedded LTE, WiFi, and Bluetooth antennas in 2014; and by 2017, leadership in 5G-ready rugged antennas.[1] This trajectory reflects adaptation from FTTH and broadcast tech to mobile wireless dominance, building on in-house engineering for global network communications.[2]
Parsec rides the 5G and IoT proliferation wave, capitalizing on demand for reliable sub-6 GHz connectivity in enterprise, public safety, and fixed wireless amid global 5G NR-FR1 rollouts.[2] Timing aligns with CBRS band expansion and LTE LAA integration, where low-profile, rugged antennas bridge gaps in mobile and edge computing deployments.[1][2]
Market forces like spectrum auctions, IoT growth (projected billions of devices), and U.S. reshoring favor Parsec's domestic production and customization edge over offshore competitors.[3] It influences the ecosystem by enabling seamless integration with routers/gateways, supporting first responders and utilities in mission-critical scenarios, and accelerating wireless adoption in a post-FTTH era of ubiquitous connectivity.[1]
Parsec is poised to expand in 6G precursors and private 5G networks, leveraging its antenna leadership for AI-driven IoT, smart cities, and defense applications amid rising U.S. manufacturing incentives. Trends like mmWave hybridization and edge AI will demand even more integrated, low-noise solutions, where Parsec's lab agility shines.[1][2]
Its influence may grow through deeper OEM partnerships and custom 5G modules, potentially scaling revenue beyond $20M as wireless densification accelerates—reinforcing its role as a quiet enabler of the connected world, much like its FTTH origins sparked broadband revolutions.[3]
Parsec has raised $35.3M in total across 4 funding rounds.
Parsec's investors include Martin Casado, Andreessen Horowitz, Bain Capital Ventures, Bowery Capital, Coatue, Contrary Capital, ENIAC Ventures, FirstMark Capital, High Alpha, Innovius Capital, IVP, Makers Fund.
Parsec has raised $35.3M across 4 funding rounds. Most recently, it raised $25.0M Series B in December 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2020 | $25M Series B | Martin Casado | Andreessen Horowitz, Bain Capital Ventures, Bowery Capital, Coatue, Contrary Capital, Eniac Ventures, FirstMark Capital, High Alpha, Innovius Capital, IVP, Makers Fund, Mangrove Capital Partners, March Capital, NextView Ventures, Sequoia Capital, ThirdLove, Lerer Hippeau, Notation Capital | Announced |
| May 1, 2020 | $7M Series A | — | Bain Capital Ventures, Coatue, Contrary Capital, Eniac Ventures, High Alpha, IVP, Makers Fund, Mangrove Capital Partners, NextView Ventures, Sequoia Capital, ThirdLove | Announced |
| Dec 19, 2017 | $2.3M Seed | — | Lerer Hippeau, NextView Ventures, Notation Capital | Announced |
| Jan 1, 2017 | $1M Seed | — | Asylum Ventures, Bain Capital Ventures, Coatue, Contrary Capital, Eniac Ventures, High Alpha, IVP, Mangrove Capital Partners, NextView Ventures, Sequoia Capital, ThirdLove | Announced |