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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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$45.32 M (USD)
in 1 rounds
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Latest Funding Round
$45.32 M (USD), Series B
Feb 16, 2011
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Investors
Tecan
& 1 more
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Employee Count
382
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
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People of Paramit
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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.
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 |
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PE firm invests in the US
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Automated laboratory instruments, robotics, and diagnostic solutions are provided.
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Locked | Locked | Locked |
Investor details for Paramit
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Investments & Acquisitions by Paramit
Paramit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Emphysys.
Investment portfolio details for Paramit
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| 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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Complete acquisition details for Paramit
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Financial Statements - Paramit
Detailed financials for Paramit
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Paramit Comparisons
Peer comparison for Paramit
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Competitors of Paramit
Detailed competitors of Paramit
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Latest news on Paramit
Complete news archive for Paramit
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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.
As of Dec 31, 2022, the latest employee count at Paramit is 382.
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.