# Parry Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parry-labs

- Industry: Defence
- Headquarters: Alexandria, US
- Website: www.parrylabs.com
- Total disclosed funding: $80M
- Latest round: Series A (Aug 28, 2024)
- Investors on record: 4

## About

Based in the US, Parry Labs, LLC is a modular systems integration company specializing in advanced digital solutions that enhance operational capabilities for defense and aerospace sectors.Parry Labs was founded in 2016 and is headquartered in Alexandria, US. The company specializes in systems integration to support mission-critical applications. In August 2024, Parry Labs raised USD 80 mn in Series A funding led by Capitol Meridian Partners, which will be utilized for the development of defense hardware and software. The firm has completed a total of 7 deals to date.Parry Labs specializes in advanced digital systems integration with two core products: STRATIA® and GEMMI. STRATIA® is a software operating environment that allows for secure container management and application hosting, crucial for safety-critical applications. GEMMI is a multi-platform control system that enhances operational capabilities in contested environments. These products primarily serve defense and aerospace organizations, government agencies, and military operations requiring modern solutions for aircraft systems.Parry Labs generates revenue primarily through B2B transactions involving STRATIA® and GEMMI, structured through long-term contracts that include software licensing and hardware purchases. This model allows clients to modernize legacy systems efficiently, with agreements often spanning multiple years to ensure ongoing support and upgrades.In August 2024, Parry Labs raised USD 80 mn in Series A funding, aimed at expanding its development of the Stratia Software Stack and mission-critical systems. The company plans to release new enhancements to its product offerings, focusing on meeting specific defense sector needs. Additionally, Parry Labs is targeting expansion into new geographic markets, with a focus on allied nations to increase its global footprint.

## Funding rounds

- Series A, Aug 28, 2024, $80M — True Ventures, Teamworthy Group, Capitol Meridian Partners, 3Wire Partners

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A
- Teamworthy Group (https://capitalatlas.ai/funds/teamworthy-group) — Series A
- Capitol Meridian Partners (https://capitalatlas.ai/funds/capitol-meridian-partners) — Series A
- 3Wire Partners — Series A