Parler Completes $16M Series B, Acquires Private Cloud Infrastructure Company To Become Key Infrastructure Player With Major Us Footprint
Parler Completes $16M Series B, Acquires Private Cloud Infrastructure Company To Become Key Infrastructure Player With Major Us Footprint
09/16/22, 10:34 AM
Location
nashvilleMoney raised
$16 million
Industry
apps
mobile
media and entertainment
financial services
software
Round Type
series b
Parler, the leading viewpoint-neutral, free speech social media platform, today announced that it has secured $16M in Series B funding, for a total of $56 million in funding to date. The new capital will fuel Parler's vision to leapfrog the industry by building the world's premier free speech technology infrastructure and platform. With today's funding news, the company is also announcing the acquisition of Irvine, CA-based private cloud company Dynascale Inc., which provides businesses around the globe with private and hybrid cloud solutions and customized managed services as an alternative to Big Tech providers.
Company Info
Location
901 woodland st.
nashville, arkansas, united states
Additional Info
The conservative social media platform Parler has raised $20 million in funding, according to an SEC filing that was signed and submitted on January 6, the anniversary of last year’s domestic attack on the Capitol. The companies said the app had been used by Trump supporters and other far-right users to call for violence and organize their plans to storm the Capitol. Parler’s then-CEO John Matze posted on his Parler account that we wouldn’t cooperate with the App Store’s demands for the company to submit a content moderation improvement plan. From Parler’s May 2021 return to the App Store until now, the app has been downloaded just 141,000 times, the firm noted. This additional infusion of $20 million could help the app continue building out this filtering technology, which Parler uses in tandem with human moderation. Parler may soon have new competition in TRUTH Social, Trump’s own social network that’s expected to launch on February 21, President’s Day.