Parsec, a platform that allows users to remotely access virtual machines and their powerful PCs from any device without any noticeable latency, has been acquired by Unity Technologies, a publicly traded platform for creating and operating real-time 3D content. The transaction is structured as an all-cash deal totaling $320M. “
Makers Fund
The 14 Largest NYC Tech Startup Funding Rounds of July 2021
There is no summer slowdown for NYC tech startups. July was the single-best month for startup funding with $4B+ invested into 84 companies. Here are some of the leading rounds. Everything you need to need to know about the largest NYC startup funding rounds of July 2021; broken down by industry, stage, investors, and more…
Genvid Technologies Raises $113M to Create a New Category of Entertainment: Massive Interactive Live Events
When the live game-show HQ debuted in 2017 it was an instant hit with millions of users signing on concurrently to take a chance at winning in trivia. Although the company did not ultimately survive, the success of a new form of interactive entertainment did not go unnoticed. This NYC startup takes it a step further by focusing on the intersection of gaming, streaming, game shows, and broadcasting. Genvid is a technology infrastructure provider and now publisher focused on what the company calls massive interactive live events (MILEs). The company initially focused on building infrastructure tools for interactive streaming but saw there was a significant opportunity on the publishing side. For its first experience, it partnered up with Pipeworks Studios for Rival Peak, a 24/7 interactive reality show with AI characters participating in an elimination-style competition that was broadcasted on Facebook. Following the popularity of this new format, the company is now planning on building more MILEs both internally and with licensed IP owners as partners. Genvid will also continue to provide the infrastructure tools through its SDK for others to build their own MILEs.
AlleyWatch caught up with Cofounder and CEO Jacob Navok to learn more about the inspiration for the business, how the company has created a new category of entertainment, strategic plans, and latest round of funding from investors that include Valor Equity Partners, Atreides Management, Galaxy Interactive, Horizons Ventures, OCA Ventures, and Makers Fund, Valor, Atreides, Third Point, Cobalt Capital, LightShed Ventures, XN, and Lux Capital.
The Weekly Notable Startup Funding Report: 7/5/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 7/3/21 featuring funding details for ShipBob, LocoNav, Alto, and twenty-five other rounds that you need to know about.
#NYCtech Week in Review: 12/13/20-12/19/20
$650M+ raised! NYC Tech News for the week ending 12/19 featuring news for BigID, H1, three acquisitions, two SPACs, one traditional IPO filing, and much more including how to get a pair of Beats Headphones from our featured partner…
Parsec Raises $25M to Ensure You Can Connect to Any Computer in the World Remotely
Remote working has become the new normal but for some professions, having access to the powerful computing systems found at the office is difficult to replicate. Parsec is a platform that allows users to remotely access virtual machines and their powerful PCs from any device without any noticeable latency. The company got its start in gaming, where it was popular with gamers that wanted to play on the go, but since the pandemic, the technology is being used by animators, game developers, engineers, or anyone that needs enhanced processing power remotely. AlleyWatch caught up with Cofounder and CEO Benjy Boxer to learn more about the impact the company’s technology has had on working remotely, the company’s expansion plans, and latest round of funding from investors that include Andreessen Horowitz, Makers Fund, Notation Capital, NextView Ventures, and Lerer Hippeau.
The AlleyWatch Startup Daily Funding Report: 12/16/2020
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 12/16/2020 featuring funding details for Parsec, Lantern, and much more.
The AlleyWatch Startup Daily Funding Report: 5/13/2020
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/13/2020 featuring funding details for Semperis, Blockdaemon, and much more.
These are the 15 Largest NYC Tech Startup Funding Rounds of Q4 2019
Everything you need to need to know about the largest NYC startup funding rounds of the last quarter of 2019; broken down by industry, stage, investors, and more…
#NYCtech Week in Review: 12/1/19-12/7/19
NYC Tech News for the week ending 12/7 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Vroom, Kustomer, Quartet Health, and much more… Also, we had a technical issue last week, and last week’s report is included after this week’s news.
These are the 14 Largest NYC Tech Startup Funding Rounds of November 2019
Everything you need to need to know about the largest NYC startup funding rounds during November of 2019; broken down by industry, stage, investors, and more…