About Paratek
Paratek is a Technology company based in Hoffman Estates (United States) founded in 1998, and was acquired by Blackberry in March 2012. An IoT platform for endpoint security is provided by Paratek. Paratek has raised $84.49 million across 6 funding rounds from investors including Blackberry, Investor and HBM Healthcare Investments. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Security and Network Security. Its competitors include Armis Security, Forescout and Xage Security; 3 of its 3 listed competitors have raised funding.
Company details
Paratek was founded in 1998 and is headquartered in Hoffman Estates, United States. An IoT platform focused on endpoint security is developed and maintained by the company. Machine learning and predictive AI are employed to adjust security policies according to user location, device characteristics, and related variables. AI-driven prevention measures are extended to all endpoints within the cybersecurity sector. Operations emphasize adaptive protection for connected devices across various environments.
- Headquarters Hoffman Estates, United States
- Stage Acquired
- SectorsTechnology
- Website paratek.com
- Acquired by Blackberry (Mar 2012)
- Total Equity Funding$84.49M (USD)
in 6 rounds
- Latest Funding Round$20M (USD), Series E
Dec 2008
- InvestorsBlackberry
& 8 more
- Acquired byBlackberry
(Mar 2012)
Funding Insights of Paratek
Paratek has successfully raised a total of $84.49M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $20 million completed in December 2008. 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 $84.49M
- Total Rounds 6
- Last Round Series E — $20M
- Investors Count 8
All 6 funding rounds of Paratek 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 |
|---|---|---|---|---|---|
| Dec 2008 | $20M | Series E | – | – | |
| Nov 2007 | $15M | Series D | – | – | – |
| May 2005 | $17.49M | Series C | – | – | |
| Jan 2004 | $15M | Series B | – | – | |
| May 2002 | $17M | Series A | – | – | |
| Jun 2001 | Series A | – | – |
9 investors in total: 9 institutional.
Investors in Paratek
Paratek has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackberry, Investor and HBM Healthcare Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused VC firm | novakbiddle.com | Bethesda, United States | ||
Venture capital firm | absventures.com | Waltham, United States | ||
US focused venture capital firm | polarispartners.com | Boston, United States | ||
Venture capital and private equity investment firm | morgenthaler.com | Portola Valley, United States | ||
Investments are directed by the Wallenberg family into Nordic sectors. | 1916 | investorab.com | Stockholm, Sweden | |
Corporate-backed venture capital firm focused on fintech, energy, and multiple sectors | investorgrowthcapital.com | New York, United States | ||
| dbcapital-partners.com | ||||
Life sciences focused VC firm funding companies in the US and Europe | 2001 | hbmhealthcare.com | Zug, Switzerland | |
Endpoint security and enterprise software solutions are provided. | 1984 | blackberry.com | Waterloo, Canada |
Investor details for Paratek
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.
Timeline of Paratek
4 dated milestones of Paratek across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Paratek is founded.
- Funding First funding round.
- Funding Latest funding round, Series E, of $20.0M.
- Exit Acquired by Blackberry.
Competitors of Paratek
Paratek has 3 listed competitors in our database, 3 of them funded. They include Armis Security, Forescout and Xage Security.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| armis.com | 2015 | Palo Alto, United States | $737M | Wireless security platform for IoT applications is provided. | ||
| forescout.com | 2000 | San Jose, United States | $120.28M | Provider of cyber security solutions for asset visibility and threat management | ||
| xage.com | 2016 | Palo Alto, United States | $72M | 44 | Blockchain-based security platform for IoT applications is provided. |
Detailed competitors of Paratek
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Paratek (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Frequently Asked Questions about Paratek
Paratek was founded in 1998 and raised its 1st funding round 3 years after it was founded.
Paratek is headquartered in Hoffman Estates, United States. It is registered at Hoffman Estates, Illinois, United States.
Paratek is a funded company, having raised a total of $84.49M across 6 funding rounds to date.
Paratek was founded in 1998 and is headquartered in Hoffman Estates, United States. An IoT platform focused on endpoint security is developed and maintained by the company. Machine learning and predictive AI are employed to adjust security policies according to user location, device characteristics, and related variables. AI-driven prevention measures are extended to all endpoints within the cybersecurity sector. Operations emphasize adaptive protection for connected devices across various environments.
Paratek's top competitors include Armis Security, Forescout and Xage Security.
Paratek has 9 investors. Key investors include Blackberry, Investor, HBM Healthcare Investments, Novak Biddle Venture Partners, and ABS Ventures.
Yes. Paratek was acquired by Blackberry in March 2012.