Parler’s app had fewer than 7,000 downloads last month.
On Friday, Parler announced that it was entering the internet infrastructure industry in order to provide new “uncancelable” cloud services for online businesses.
In a Friday press release, Parler announced that it was restructuring; the new venture, called Parlement Technologies, will provide new internet infrastructure services for businesses it says are at risk of being forced off the internet. With $16 million in new Series B funding, the company purchased Dynascale, a California-based cloud services company that touts more than $30 million in annual revenue and 50,000 square feet of data center space.
“We are entering a new era as Parlement Technologies, one that goes far beyond the boundaries of a free speech social media platform,” said Parlement Technologies CEO George Farmer. “We believe that Parlement Technologies will power the future. And the future is uncancelable.”Parler was founded in 2018 as a censorship-free alternative to more mainstream social media platforms like Facebook and Twitter.
But Parler’s popularity has tumbled in the face of new competitors and growing market saturation. More than
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