About Paramit
Paramit is a company based in Morgan Hill (United States) founded in 1990 was acquired by Tecan in June 2021.. Paramit has raised $45.32 million across 1 funding round from investors including Tecan and Altaris. The company has 382 employees as of December 31, 2022. Paramit has completed 1 acquisition, including Emphysys.
- Headquarter Morgan Hill, United States
- Employees 382 as on 31 Dec, 2022
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Funding Insights of Paramit
Paramit has successfully raised a total of $45.32M through 1 strategic funding round. The most recent funding activity was a Series B round of $45.32 million completed in February 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $45.3M
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First Round
First Round
(16 Feb 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2011 | Amount | Series B - Paramit | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paramit
Paramit has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Tecan and Altaris. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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PE firm invests in the US
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Founded Year | Domain | Location | |
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Automated laboratory instruments, robotics, and diagnostic solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paramit
Paramit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Emphysys. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Technology and custom product solutions are provided to clients.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Paramit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paramit Comparisons
Competitors of Paramit
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Paramit
When was Paramit founded?
Paramit was founded in 1990 and raised its 1st funding round 21 years after it was founded.
Where is Paramit located?
Paramit is headquartered in Morgan Hill, United States. It is registered at Morgan Hill, California, United States.
Is Paramit a funded company?
Paramit is a funded company, having raised a total of $45.32M across 1 funding round to date. The company's 1st funding round was a Series B of $45.32M, raised on Feb 16, 2011.
How many employees does Paramit have?
As of Dec 31, 2022, the latest employee count at Paramit is 382.
What does Paramit do?
Founded in 1990 and based in Morgan Hill, United States, contract manufacturing services are provided by Paramit for the medical device and life science sectors. Operations cover the full product lifecycle, including design, prototyping, assembly of PCBs, mechanics, and optics, along with testing and support. Vertically integrated processes ensure quality, traceability, and compliance with regulations, while services support new product introductions and production scaling for clients.
How many acquisitions has Paramit made?
Paramit has made 1 acquisition, including Emphysys.
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