- Parler recently announced it raised $16 million. These are the details.
Parler recently announced it raised $16 million.
Funding amount: $16 million
Funding round: Series B
Total funding raised so far: $56 million
What the funding will be used for: The new funding will fuel Parler’s vision to leapfrog the industry by building the world’s premier free speech technology infrastructure and platform. With this funding news, the company is also announcing the acquisition of Irvine, CA-based private cloud company Dynascale, which provides businesses around the globe with private and hybrid cloud solutions and customized managed services as an alternative to Big Tech providers.
What Parler does: Parler – a leading viewpoint-neutral and free speech social media platform – recently announced that it has secured $16 million in Series B funding for a total of $56 million in funding to date. Along with the company’s funding and acquisition news, Parler is also announcing that it has restructured into Parlement Technologies and will operate a diversified yet cohesive portfolio of technology and platforms to power the future of free speech. And Dynascale will anchor the company’s infrastructure division and Parler, its social media division.
Dynascale, which will operate as a wholly owned subsidiary of Parlement Technologies, provides companies with best-in-class private and hybrid cloud solutions, disaster recovery, colocation, managed network services, custom managed services, and free transition support while offering 24/7/365 live support for all customers. And the company has a raised floor footprint of more than 50 thousand square feet and serves a global list of enterprise companies spanning across every business vertical. Dynascale holds SOC2 TYPE2 and HITRUST yearly compliance audits, helping companies meet their individual compliance requirements.
KEY QUOTES:
“We are entering a new era as Parlement Technologies, one that goes far beyond the boundaries of a free speech social media platform. Beginning today, we are building a new company that powers vital functions across business touch points from front-of-house customer viewpoints to back-of-house web infrastructure. We believe that Parlement Technologies will power the future. And the future is uncancelable.”
— Parlement Technologies CEO George Farmer
“We’re thrilled to be joining the Parlement team, especially now as the company enters a new and exciting era of forward-thinking leadership and innovation. Our solutions facilitate cloud maturity, and we’re honored to serve as the anchor for building out what will become an entire ecosystem to secure business infrastructure and help amplify free speech platforms.”
— Igor Shalkevich, former President of Dynascale Inc. and now Head of Business Development of Dynascale
