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

    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