COMPANY INFO
Parry Labs, LLC, founded in 2016 by John "JD" Parkes, is a private Aerospace and Defense company headquartered in Alexandria, Virginia, with approximately 208-210 employees. The company specializes in digital systems integration, modernizing legacy military platforms, and accelerating new platform development through advanced software and hardware solutions, delivering rapid capability deployment and decisive combat advantage to defense customers. Their website is https://parrylabs.com.
Parry Labs, founded in 2015 by John "JD" Parkes, is a leading private company in the Aerospace and Defense industry. Headquartered in Alexandria, Virginia, with additional offices in Huntsville, Alabama, Columbia, Maryland, and Dallas, Texas, Parry Labs specializes in digital systems integration, modernization of legacy military platforms, and accelerated new platform development. With a workforce of over 200 employees, the company delivers rapid capability deployment and a decisive combat advantage to defense customers through advanced software and hardware solutions.
Parry Labs funding history reflects an active and strategic approach to securing capital for innovation and growth. Over three funding rounds, Parry Labs has raised a total of $90.7 million. The company’s funding milestones include a significant Series C round, notable grant support from the U.S. Army, and a high-value growth capital round to fuel core technology development. This funding strategy has enabled Parry Labs to accelerate investments in mission-critical technologies and maintain its leadership in defense-focused digital modernization.
The Series C round was aimed at supporting Parry Labs’ growth and expansion efforts. Led by Capitol Meridian and True Ventures, the funds are allocated towards scaling operations and deepening technology innovation in defense modernization.
This grant funding from the U.S. Army was granted to further the development of advanced defense technology solutions through collaborative government-industry initiatives.
The Growth Capital Round provided strategic equity to accelerate investment in Parry Labs’ core technologies. This round focused on expanding advanced edge capabilities for critical defense applications, including command and control, interoperable platforms, mission software, and advanced AI computing. Investors in this round included Capitol Meridian Partners, True Ventures, 3Wire Partners, and Teamworthy Ventures.
Capitol Meridian is a lead investor in Parry Labs funding rounds, particularly in the Series C and Growth Capital Round. Their role has been pivotal in driving Parry Labs’ strategic growth and market expansion by providing both capital and industry expertise.
True Ventures has participated in multiple Parry Labs funding rounds, serving as a cornerstone venture capital partner. Their continued investment underscores confidence in Parry Labs’ technological advancements and market potential.
The U.S. Army has supported Parry Labs through grant funding targeted at advancing defense technology development. Their investment highlights the strategic military value of Parry Labs’ solutions.
As a key investor in the Growth Capital Round, 3Wire Partners has contributed to scaling Parry Labs’ technology and supporting its expansion into mission-critical defense applications.
Teamworthy Group joined as an investor in the Growth Capital Round, reinforcing Parry Labs' venture capital network and supporting its vision for defense innovation.
TriplePoint Capital is recognized as a financial partner, bringing additional resources and venture funding expertise to bolster Parry Labs’ growth trajectory.
In addition to the U.S. Army as a grant funder, official government partnerships signal institutional support for ongoing technology innovation.
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