Facebook acquires pre-launch Parakey
July 19th, 2007 | by danny |Facebook has made its first acquisition - Parakey. And yes, you’ve probably never heard of Parakey, because it pretty much never launched.
Parakey was led by Blake Ross and Joe Hewitt, the dynamic duo behind the Firefox browser. The start-up was funded in 2006 by Sequoia, and has been hush-hush ever since. Supposedly the service has to do with bringing web applications to the desktop. But all speculation points to Facebook buying the team rather than the technology per se. Who knows for sure…
It’s pretty fortunate that Parakey was able to secure was amounts to a successful exit, despite never achieving traction.