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. Paramit has completed 1 acquisition, including Emphysys.
- Headquarter Morgan Hill, United States
- Employees 382
- Website paramit.com
- Social LinkedIn X
- Acquired by Tecan (Jun 2021)
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 $45.32M
- Total Rounds 1
- Last Round Series B — $45.32M
- First Round $45.32M
(Feb 2011)
All 1 funding rounds of Paramit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2011 | $45.32M | Series B | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm invests in the US | – | altariscap.com | New York, United States | |
Automated laboratory instruments, robotics, and diagnostic solutions are provided. | 1980 | tecan.com | Mannedorf, Switzerland |
Investor details for Paramit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Paramit
76 people are tracked at Paramit (13 in leadership, 3 in board & advisors, 60 in team); the tracked headcount is 382.
| Name | Role | Group |
|---|---|---|
Shahid Ali | Director Of Information Systems | Leadership |
Jeff Johnson | VP Sales & Marketing | Leadership |
Bhavin Shah | VP of Engineering | Leadership |
Eri Bira | Director Information Technology Infrastructure | Leadership |
Mano Aryapour | Sr. Director of Program Management | Leadership |
Merinda Do | Sr. Director of Global Human Resources | Leadership |
Ricardo Rocha | Senior Talent Acquisition Partner | Leadership |
Jennifer Cardenas Harris | Sr. Talent Acquisition Partner | Leadership |
Henry Nguyen | Director Of Manufacturing | Leadership |
Craig England | Director, Strategic Supply Chain | Leadership |
Darin Vierra | Director Of Operations Engineering | Leadership |
Nachi Kn Nachiappan | Senior Director, Operations & Engineering | Leadership |
Tom Larose | CFO | Leadership |
Jim O’Brien | Director | Board & advisors |
George E. Aitken-Davies | Director | Board & advisors |
William E. Rhodes | Director | Board & advisors |
Michel Van Crombrugge | Country Manager, Paramit Malaysia | Team |
Fakhrul Hadi Abdul Jalil | Test Engineer | Team |
Jennifer Ngo | Accounts Payable Specialist | Team |
Devathathan Vadiveloo | Manager, Procurement | Team |
56 more people are available in the full profile.
Complete people profiles for Paramit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Paramit
Paramit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Emphysys.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Technology and custom product solutions are provided to clients. | emphysys.com | Woburn, United States | 2009 | Nov 2020 | •••• |
Complete acquisition details for Paramit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Web traffic of Paramit
The website of Paramit (paramit.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 15.9% vs previous month
Websites whose visitors overlap most with Paramit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
vatgroup.com | vatgroup.com | 100% | – | #727,569 | – |
iconicmedicare.com | iconicmedicare.com | 63% | – | – | – |
towam.com.my | towam.com.my | 63% | – | – | – |
qdos.com.my | qdos.com.my | 61% | – | #11,043,873 | – |
| ibiden.com | 61% | 12K | #1,773,731 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Paramit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Paramit
Paramit was founded in 1990 and raised its 1st funding round 21 years after it was founded.
Paramit is headquartered in Morgan Hill, United States. It is registered at Morgan Hill, California, United States.
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 2011.
Paramit has 382 employees.
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.
Paramit has made 1 acquisition, including Emphysys.
Yes. Paramit was acquired by Tecan in June 2021.