Ledger & Lore
← Back to the archive

Parse

Design / SaaSUSAClosed 2017

Total Raised

$5.5M

Peak Valuation

$85M

Employees

Year Collapsed

2017

Business model

Backend-as-a-service platform for mobile app developers.

In brief

A backend-as-a-service platform that let mobile developers skip building their own server infrastructure, Parse was acquired by Facebook in 2013. Facebook shifted strategic priority toward its own developer tools and away from supporting third-party backend infrastructure, and an…

See the What Happened tab for the full account.

Key facts

Founded
2011
Closed
2017
Headquarters
San Francisco, USA
Industry
Design / SaaS
Employees
Revenue
Undisclosed

Related failures

Often compared with: Firebase (Google), AWS Amplify, Supabase.