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
Not available
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Net Profit
Not available
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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
Not available
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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.
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.
People of Parry Labs
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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 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.
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.
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An investment firm based in Washington, DC is operated.
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Venture capital firm supporting AI founders through investments and community.
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Venture capital is invested in consumer and enterprise software services.
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Investor details for Parry Labs
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Investments & Acquisitions by Parry Labs
Investment portfolio details for Parry Labs
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Financial Statements - Parry Labs
Detailed financials for Parry Labs
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Parry Labs Comparisons
Peer comparison for Parry Labs
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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.
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Mercury Systems is recognized for providing mission-critical processing solutions to the aerospace and defense sectors.
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Rugged electronic systems are supplied for military use.
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Manufacturer of rugged display systems, electronic cabinets and cathodic protection systems
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Rugged communication systems and cases are developed for military use.
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Manufactures custom cable assemblies and rugged displays for military and aerospace sectors.
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Detailed competitors of Parry Labs
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Latest news on Parry Labs
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Frequently Asked Questions about Parry Labs
Parry Labs was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Parry Labs is headquartered in Alexandria, United States.
John Parkes is the current CEO of Parry Labs. They have also founded this company.
Parry Labs is a funded company, having raised a total of $170.75M across 3 funding rounds to date.
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.
Parry Labs's top competitors include Mercury Systems, MilDef and Aish Technologies.
Parry Labs offers STRATIA® Software Stack, Edge Compute Hardware, GEMMI Applications, and StratFac Digital Engineering Environment.
Parry Labs has 5 investors. Key investors include U.S Army, Capitol Meridian Partners, True Ventures, 3Wire Partners, and Teamworthy Ventures.