Nasdaq-listed social network Facebook has acquired Parse, a local cloud-based mobile application platform backed by search engine provider Google’s corporate venturing unit.
Facebook paid a reported $85m for Parse.
In August 2011, Parse, a graduate from accelerator Y Combinator, raised $1.1m in its seed round from a consortium including search engine Google’s corporate venturing unit.
Alongside Google Ventures, were venture capital firms Y-Combinator, Menlo Ventures and Ron Conway’s SV Angel. A few months later in November 2011, Parse added $5.5m in its A round led by venture capital firm Ignition Partners to take its total to $7m.