Parsec, a privately owned company headquartered in the US, was founded in 2016. With approximately 70 employees, the company reported $6.0M in revenue as of 2024. The company's primary focus is on production and post-production, providing solutions that enable users to connect to their work, games, and friends from any location and on various devices.
Parsec for Teams powers Promod Esports broadcasts worldwide. Parsec for Teams Enterprise offers expanded capabilities for large organizations. A new feature, microphone passthrough, allows client microphone audio to be transmitted to a host machine using the Virtual USB driver. Parsec also published an article discussing the challenges of remote work.