This strategic growth equity capital was led by Capitol Meridian Partners, and included participation from True Ventures, as well as 3Wire Partners and Teamworthy Ventures.
The growth capital will primarily be used to accelerate investments in the company's core technologies and to bring new, advanced edge capabilities to the warfighter – including command and control, mission critical software, interoperability, and advanced AI computing. Parry Labs' digital systems integration solutions improve combat readiness and defense capability – by enabling faster, more advanced, and cost-effective systems.
"We are excited to partner with Capitol Meridian Partners and this group of investors who have deep expertise in defense and technology, as well as proven track records of supporting high growth companies that will benefit the company in our continued growth as we lead the way in redefining the edge for combat effectiveness," said Parry Labs Founder and CEO John Parkes.