About Parry Labs
Parry Labs is a company based in Alexandria (United States) founded in 2016 by John Parkes and Robert Miller.. Parry Labs has raised $170.75 million across 3 funding rounds from investors including U.S Army, Capitol Meridian Partners and True Ventures. Parry Labs offers products and services including STRATIA® Software Stack, Edge Compute Hardware, GEMMI Applications, and StratFac Digital Engineering Environment. Parry Labs operates in a competitive market with competitors including Mercury Systems, MilDef, Aish Technologies, Kägwerks and ADTI, among others.
- Headquarter Alexandria, United States
- Founders John Parkes, Robert Miller
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Sectors
Aerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$170.75 M (USD)
in 3 rounds
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Latest Funding Round
$80 M (USD), Private Equity Round
Sep 01, 2024
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Investors
U.S Army
& 4 more
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Employee Count
Employee Count
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Products & Services of Parry Labs
Parry Labs offers a comprehensive portfolio of products and services, including STRATIA® Software Stack, Edge Compute Hardware, GEMMI Applications, and StratFac Digital Engineering Environment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure operating environment for systems integration in defense applications.
Ultra-compact solutions for edge computing and AI hosting.
Secure control system for multi-platform communications in contested environments.
Tools for modular and open systems development in military contexts.
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Funding Insights of Parry Labs
Parry Labs has successfully raised a total of $170.75M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $80 million completed in September 2024. 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 3
- Last Round Private Equity Round — $80.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Private Equity Round - Parry Labs | Valuation | Capitol Meridian |
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| Dec, 2023 | Amount | Series C - Parry Labs | Valuation | Capitol Meridian , True Ventures |
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| Oct, 2023 | Amount | Grant - Parry Labs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Parry Labs
Parry Labs has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include U.S Army, Capitol Meridian Partners and True Ventures. 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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An investment firm based in Washington, DC is operated.
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Venture capital is invested in consumer and enterprise software services.
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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 Parry Labs
| 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 |
Financial Statements - Parry Labs
| 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 |
Parry Labs Comparisons
Competitors of Parry Labs
Parry Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mercury Systems, MilDef, Aish Technologies, Kägwerks and ADTI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mercury Systems is recognized for providing mission-critical processing solutions to the aerospace and defense sectors.
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| domain | founded_year | HQ Location |
Rugged electronic systems are supplied for military use.
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| domain | founded_year | HQ Location |
Manufacturer of rugged display systems, electronic cabinets and cathodic protection systems
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| domain | founded_year | HQ Location |
Rugged communication systems and cases are developed for military use.
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| domain | founded_year | HQ Location |
Manufactures custom cable assemblies and rugged displays for military and aerospace sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Parry Labs
Frequently Asked Questions about Parry Labs
When was Parry Labs founded?
Parry Labs was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Where is Parry Labs located?
Parry Labs is headquartered in Alexandria, United States.
Who is the current CEO of Parry Labs?
John Parkes is the current CEO of Parry Labs. They have also founded this company.
Is Parry Labs a funded company?
Parry Labs is a funded company, having raised a total of $170.75M across 3 funding rounds to date.
What does Parry Labs do?
Parry Labs was founded in 2016 in Alexandria, United States, and operates in the defense sector. Modular systems integration is provided through software stacks, edge compute hardware, and digital engineering environments. Open and intelligent systems are developed to support continuous upgrades for weapon systems, enhancing interoperability across domains. A Modular Open Systems Approach framework is followed, with solutions offered for mission systems to modernize legacy platforms and reduce deployment timelines.
Who are the top competitors of Parry Labs?
Parry Labs's top competitors include Mercury Systems, MilDef and Aish Technologies.
What products or services does Parry Labs offer?
Parry Labs offers STRATIA® Software Stack, Edge Compute Hardware, GEMMI Applications, and StratFac Digital Engineering Environment.
Who are Parry Labs's investors?
Parry Labs has 5 investors. Key investors include U.S Army, Capitol Meridian Partners, True Ventures, 3Wire Partners, and Teamworthy Ventures.
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