Free-speech social app Parler acquires cloud infrastructure startup Dynascale following a $16M Series B fundraise
Remember Parler, the free-speech social app that was censored and de-platformed over accusations that it helped incite U.S. Capitol attacks on January 6, 2021? It now appears the app is back and thriving. After many months of onslaughts from big tech giants including Amazon, Apple, and Google, Parler is announcing its major acquisition and a fundraise.
Today, Parler announced it has acquired private cloud infrastructure tech startup Dynscale to expand its service footprint and become a key infrastructure player within the US market. The total amount of the transaction was not disclosed.
Dynscale is an Irvine, CA-based private cloud startup that provides businesses around the globe with private and hybrid cloud solutions and customized managed services as an alternative to Big Tech providers.
Alongside the acquisition, Parler said Friday that it has raised has secured $16M in Series B funding to help restructure its business operations to focus on customers who run the risk of being pushed off the internet. The latest round brings the company’s total funding to $56 million since its inception. As part of the restructuring, Parler said it has created a new parent company, Parlement Technologies Inc.
Parley said it will use the new capital infusion to fuel its 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.
“We are entering a new era as Parlement Technologies, one that goes far beyond the boundaries of a free speech social media platform,” said Parlement Technologies CEO George Farmer. “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.”
Dynascale Inc., 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. 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.
“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,” said Igor Shalkevich, former President of Dynascale Inc. and now Head of Business Development of Dynascale. “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.”
Parler was launched in 2018 as a social-media site, styling itself as a free-speech space for those seeking an alternative to major platforms such as Facebook and Twitter. The app quickly gained traction from conservatives and supporters of former U.S. President Donald Trump.
Based in Henderson, Nevada, Parler claimed to be the solution to problems that have surfaced in recent years due to changes in Big Tech policy influenced by various special-interest groups. Parler is built upon a foundation of respect for privacy and personal data, free speech, free markets, and ethical, transparent corporate policy.
Unlike Twitter, Facebook and other social media platforms owned by the Big Tech, Parler describes its platform as an unbiased, free-speech social media platform focused on protecting users’ rights. In accordance with its free speech policy, Parler adopts a laissez-faire approach to offensive speech, citing the FCC’s definition of obscenity to define the threshold for acceptable conduct.