PARC

  • PARC Spin-Out PowerCloud Systems Raises $6 Million From Qualcomm

    PARC Spin-Out PowerCloud Systems Raises $6 Million From Qualcomm

    PowerCloud Systems, a spin-out of Palo Alto Research Center (PARC) that offers a ‘networking-as-a-service’ platform for OEMs and service providers, has raised $6 million in Series B funding in a round led by Qualcomm Ventures, with prior backers Walden Venture Capital, Javelin Venture Partners and PARC participating. The capital will be used to enhance the company’s… Read More

  • PowerCloud Systems Spins Out Of PARC, Gets More Backers

    PowerCloud Systems Spins Out Of PARC, Gets More Backers

    Xerox’ Palo Alto Research Center (PARC) is spinning out PowerCloud Systems, the cloud-managed networking solutions provider that it has incubated through the Startup@PARC program since early 2008. PowerCloud has also gained more backing, with Walden Venture Capital and Javelin Venture Partners joining the line-up. PowerCloud offers cloud-based technology for OEM vendors that is designed… Read More