Social media app Parler buys cloud-services provider

todaySeptember 16, 2022

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(Reuters) – Parler, a social media app well-liked with U.S. conservatives, mentioned on Friday it has purchased a cloud-services supplier and is restructuring its enterprise to give attention to clients who run the danger of being pushed off the web.

As a part of the overhaul, Parler mentioned it has created a brand new father or mother firm, Parlement Applied sciences Inc, and the brand new agency has accomplished a fundraising spherical for $16 million, for a complete of $56 million in funding to this point.

The corporate, which itself went darkish after the U.S. Capitol riot final yr, didn’t disclose monetary particulars of the acquisition and the names of buyers who took half within the spherical.

The deal for California-based Dynascale offers Parler entry to a cloud providers supplier with round 50,000 sq. toes of information heart area in the USA.

Parler was launched in 2018 and styled itself as a free-speech area for these searching for a substitute for platforms akin to Twitter Inc. It rapidly gained traction from supporters of former U.S. President Donald Trump.

Parler returned earlier this month to Google’s app retailer greater than 1-1/2 years after the Alphabet-owned firm eliminated it following the U.S. Capitol riots.

(Reporting by Tiyashi Datta in Bengaluru; Modifying by Shounak Dasgupta)

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todaySeptember 16, 2022

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