Capitol Meridian Partners led an $80m funding round in Parry Labs.

Capitol Meridian Partners, an investment firm based in Washington, DC, led an $80m funding round in Parry Labs, a defense technology company that develops next generation open architecture mission solutions, with participation from True Ventures, 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.