Parry Labs, an Alexandria, VA-based defense technology company that develops next generation open architecture mission solutions, closed an $80m first funding round.
The round was led by Capitol Meridian Partners, with participation from True Ventures, as well as 3Wire Partners and Teamworthy Ventures.
The company intends to use the growth capital to accelerate investments in its core technologies and to bring new, advanced edge capabilities to the warfighter – including command and control, mission critical software, interoperability, and advanced AI computing.
Led by Founder and CEO John Parkes, Parry Labs is a defense technology company that works as a digital systems integrator for modernizing legacy platforms and accelerating new platform development. The company offers an open architecture software stack, known as Stratia, which serves as the digital backbone of its edge compute solutions, as well as electronic warfare products that enable defense customers to accelerate key national priorities.
FinSMEs
28/08/2024