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Parakey was founded in early 2006 by Blake Ross and Joe Hewitt of Mozilla/Firefox fame. [Little has been revealed](http://www.spectrum.ieee.org/nov06/4696) about what Parakey will actually do, but it has been touted as both a platform and set of applications that will merge the desktop environment with the Web. It has also been described as a Web-based operating system. Great emphasis has been placed on Parakey's potential to make tasks on the computer more intuitive for the average Joe. Parakey was acquired by [Facebook](http://www.crunchbase.com/organization/Facebook) on July 19, 2007. Sequoia Capital seeded Parakey's operations in early 2005.
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