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 and Don Claussen s of Parry Labs. John Parkes has also founded 1 company.

How many employees does Parry Labs have?

As of Oct 31, 2026, the latest employee count at Parry Labs is 137.

Is Parry Labs a funded company?

Parry Labs is a funded company, having raised a total of $171M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 26, 2023.

When was the latest funding round of Parry Labs?

Parry Labs' latest funding was a $***** PE round on Sep 2024, with participation from 1 investor.

Where does Parry Labs rank among its competitors?

Parry Labs ranks 1st amongst 46 active competitors, only 1 of which is funded. Parry Labs, which secured $80M in Sep, 2024.

Who are the top competitors of Parry Labs?

Parry Labs' top competitors include MilDef, Kform and Aish Technologies. Among them, Parry Labs secured the most recent funding round in September, 2024.

Parry Labs - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of mission-proven modular systems integration. They specialize in developing software stacks, edge compute hardware, and digital engineering environments for defense applications. Their focus is on creating open and intelligent systems that enable continuous upgrades to weapon systems, improving interoperability and connectivity across various domains. This approach reduces deployment timelines and modernizes legacy systems, providing a significant advantage in the modern battlespace. The company also offers solutions for mission systems and adheres to a Modular Open Systems Approach (MOSA) framework.

Website: parrylabs.com
Email ID: *****@parrylabs.com
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

Alexandria, United States

Stage

Series C

Total Funding

$171M in 3 rounds

Latest Funding Round

PE, Sep 2024, $*****

Investors

Capitol Meridian & 4 more

Ranked

1^st among 46 active competitors

Employee Count

137 as on Oct 31, 2026

Similar Companies

MilDef & 46 more

View Parry Labs' full profile

Parry Labs has raised a total funding of $171M over 3 rounds. Its first funding round was on Oct 26, 2023. Its latest funding round was a PE round on Sep 2024 for $*****. 1 investor participated in its latest round. Parry Labs has 5 institutional investors.

Here is the list of recent funding rounds of Parry Labs:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 2024	8391902	PE	4000297	7708015	7294821	7324848
Dec 22, 2023	9796776	Series C	8775725	9930596	6659881	9501721
Oct 26, 2023	4954666	Grant (prize money)	7546088	9915492	7927927	U.S Army

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View details of Parry Labs's funding rounds and investors

The founders of Parry Labs is John Parkes. John Parkes and Don Claussen are the CEOs of Parry Labs.

Here are the details of Parry Labs' key team members:

John Parkes: Co-Founder & CEO of Parry Labs.
Contact Info: 1 email address
Don Claussen: CEO of Parry Labs.
Contact Info: 1 email address

View details of Parry Labs's Founder profiles and Board Members

Parry Labs' employee count trend

Parry Labs has 137 employees as of Oct 26. Here is Parry Labs's employee count trend over the years:

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Top competitors of Parry Labs include MilDef, Kform and Aish Technologies. Here is the list of Top 10 competitors of Parry Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Parry Labs 2016, Alexandria (United States), Series C	Manufacturer and supplier of aerostructures, engines, and machining parts	$171M	Teamworthy Ventures, True Ventures & 3 others	54/100
2nd	MilDef 1997, Helsingborg (Sweden), Public	Provider of rugged electronic systems for the military	-	Svolder	48/100
3rd	Kform 1980, Sterling (United States), Unfunded	Developer of modular mission systems for networking and edge computing	-	-	35/100
4th	Aish Technologies 2000, Poole (United Kingdom), Acquired	Manufacturer of rugged display systems, electronic cabinets and cathodic protection systems	-	-	34/100
5th	Captec 1985, Fareham (United Kingdom), Unfunded	Manufacturer of specialised computers, integrated systems and subsystems for critical applications	-	-	33/100
6th	Crystal Group 1987, Hiawatha (United States), Unfunded	Manufacturer of rugged computer hardware solutions for defense, industrial sectors	-	-	33/100
7th	Powerel Technologies 2019, Bengaluru (India), Unfunded	Provider of power electronics solutions including inverters, solar PCUs, online UPS, and tubular batteries for the commercial market	-	-	30/100
8th	Rug-Rel 2013, Bengaluru (India), Unfunded	Designer and manufacturer of rugged electronic systems and sub-systems. This company provides design consultancy, electronic design, electronic manufacturing, and system integration services. Their products include backplanes, embedded PCs, rugged laptops and tablets, radar computers, power supply units, panel PCs, rugged displays, cases, joysticks, single-board computers, HMIs, and vehicle monitors. They serve various sectors, including aerospace & defense, naval systems, energy, automation & robotics, medical automation, and railways. The company also offers chassis and enclosure and graphite machined parts.	-	-	30/100
9th	RITEC 1997, Simi Valley (United States), Unfunded	Rugged computers and printers for the defense industry	-	-	29/100
10th	MILCOTS 2002, Mahwah (United States), Unfunded	Manufacturer of rugged computing devices	-	-	29/100